ROWAN HOOPER: Well, I mean, if you ask Mark Zuckerberg, he says it is, because his stated aim so him and Priscilla Chan, his wife, started the Chan Zuckerberg Initiative. And they tacked on permitting legislation that could ease the way for more oil and gas drilling. They saw it as a critical way to ease a backlog at the tax agency while empowering it to investigate wealthy Americans and corporations that fail to pay what they owe a disparity known as the tax gap that may cost the government $1 trillion annually. Keep the coal in the ground, because at the moment theres still too much coal-fired power stations being used being built, even in those countries. And their stated aim is to cure all disease and to extend human life to age 100 on average by the end of the century. ROWAN HOOPER: One of the fun ones Id like to do is I call it the Terran Alliance, which is effectively a space agency for the world. The bill, if it passes the House, would almost certainly not become law given the Democrats hold on the Senate and the threat of President Joe Bidens veto pen. How to Spend a Trillion Dollars How big of a priority will it be for you to pay off your debts? Spending your cash your very own way will help us to nail down the best one. New York, NY 10004. a Trillion Dollars And I think that would be actually, now I say it, it sounds a bit like Star Trek, doesnt it? A group of ethanol proponents was reportedly upset with the bills cancellation of many green tax breaks. ROWAN HOOPER: Well, what I would do is give a lot of money, a few hundred billion, to countries like India and China, especially, and basically stop them developing more fossil fuels by giving them money that says, use this to develop renewable energy, and dont use coal. We could go to the far side of the moon and put a space observatory there, a science observatory on the far side of the moon. House Republicans were still trying Tuesday to ensure they had enough votes to pass a massive spending cut bill as their opening bid in a fight with the White House over raising the governments debt limit. a TRILLION And what we need to do is push it faster, get it rolling faster. I will bring back loads of gifts for family and friends from my travels. It will go pretty fast. The game was created by British car rental firm Leasing Options to demonstrate how outrageously large the entrepreneurs wealth is. If youre a regular listener to the program, you have heard me ask researchers the question I call the blank check question. Imagine I gave you unlimited resources, a blank check, to spend on your research. To inquire about a licence to reproduce material, visit our Syndication site. And thats one of your options. I may do some traveling to scout out some investment opportunities. $1 Trillion Would Pay: ESTATE TAXES FOR2,871 BILLIONAIRES Congress has reinstated the federal estate tax at least for the next couple of years with a 35% flat The GOP bill would also make it harder for states to spare certain families on SNAP from federal work requirements a flexibility some states have used to help lower-income people during times of high unemployment. The next million seconds will take 11.6 days. Gross Domestic Product, First Quarter 2023 (Advance Estimate) Kind of cheap. Some were publicly noncommittal, though likely for different reasons. But they do that a lot. This cookie is set by GDPR Cookie Consent plugin. For the authoritative record of Science Fridays programming, please visit the original aired/published recording. IRA FLATOW: Yeah, lets focus on clean energy for a moment. Potential cracks in the GOP lines persisted. I don't think so. Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads and according to the user profile. My first step will be to pay off all my debts and the debts of those close to me. That is exactly what I'm talking about! The federal governments total public debt stood at just under $31.46 trillion as of Feb. 10, according to the Treasury Departments latest daily reckoning. ROWAN HOOPER: Thank you, Ira. But if it did, the effect on the economy would be harmful compared with passage of a clean debt limit bill, according to a report by Moodys Analytics, a financial analysis firm. Smart analysis delivered to your inbox: Sign up for the OnPolitics newsletter, What's in the bill? I might bid on some trips or adventures at a charity event. WebIn june 2020, the International Energy Agency estimated that governments worldwide would be spending $9 trillion in a matter of months on firing up their post-pandemic economies; another estimate put that figure at $12 trillion.4 In 2020, globally, more than $6 trillion was created through quantitative easing.5 Bidenpreviously said he will refuse to negotiate with Republicans over their proposal, claiming theplan would hurt "hard-working"peoplethe most. Its a good bill, to be honest with you. That is going to cost around $100 trillion in investment by 2050 to get us, globally, to zero carbon emissions. I do think, though I have to be an optimist about it that if you throw money at it, if you make some really big new experiments, that youll start to see little cracks in the standard model. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Musk's net worth is largely tied up in shares of his various companies, making it relatively volatile. This cookie is used to manage the interaction with the online bots. It's an interesting idea. Youre not talking about intelligent life. Millions of low-income Americans who receive food stamps and health insurance from the federal government would have to work longer hours in exchange for benefits under the new GOP bill. The cuts in annual spending would still leave it in 2024 at about $125 billion above what former President Donald Trump had proposed in his final budget. And thats what Id like to see on a much bigger scale. ROWAN HOOPER: The original goal was to daydream, you know? But in terms of the amount of money thats out there, if you look at just private equity firms, the amount of money they have before they invest it they call it dry powder in 2020, at the start of 2020, they had $1.45 trillion of dry powder, cash, just sitting around. Imports turned up. Speaker McCarthy unveils $1.5T debt bill, pushes toward vote The way you spend your money is completely up to you. LinkedIn sets this cookie to store performed actions on the website. And most of all is basic health care globally would cost a lot of money. And its something that you could do. The Tesla boss has amassed a $166billion fortune Credit: Reuters. The CBO said other parts of the bill, meant to impose new or additional work requirements on some recipients of Medicaid and food assistance, would mean reductions in the number of people on those programs. Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites. In 2020, federal income tax revenues were $3.4 trillion. After we feel like we've gathered bits of your personality through your spending, we'll tell you which of your traits shines like the sun. WebKindle $10.99 Rate this book How to Spend a Trillion Dollars: Answering the Big Questions in Science and Saving the World Rowan Hooper 3.69 224 ratings30 reviews DIEZ MEGAPROYECTOS CIENTFICOS Y SOCIALES PARA SALVAR EL MUNDO Fascinante. MARGARET ATWOOD The rules would cover beneficiaries from age 19 until age 56, with some exceptions, such as for those who are pregnant or caring for young children. From the obvious (fix climate change) to something you might not have thought about in a while (expand our concept of reality), it's consistently thought-provoking material. Do you have information you want to share with HuffPost? Fidelity to the original aired/published audio or video file might vary, and text might be updated or amended in the future. 2023 BuzzFeed, Inc. All rights reserved. So it should not be surprising that the new majority in the House wants to define policies that will create a trajectory toward some level of fiscal discipline, in combination with raising the debt ceiling. I will eat at fancy restaurants with business associates so I can write it off. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. I would be more likely to buy furniture for those in need. ROWAN HOOPER: Well, globally, it wont get us to carbon zero. I have a lot of artistic projects in mind. Let's go shopping! Its a machine with human-level intelligence. )3 Also in the spring of 2020, Congress appropriated $3.6 trillion, $1.9 trillion of which had been disbursed by July 2020. Thank you for helping us continue making science fun for everyone. It does a lot of what the 20 of us did in January, but theyre going to have to follow through on it., My question is, is this what leadership is going to demand from the Senate, or are we going to get something watered down?. 5 facts about the U.S. national debt | Pew Research Center Which location sounds the most appealing for a second residence? This cookie is used to detect and defend when a client attempt to replay a cookie.This cookie manages the interaction with online bots and takes the appropriate actions. Instead, focusing on one of the most important issues Biden never mentioned in his Tuesday announcement video: the economy, specifically the countrys staggering debt, a looming catastrophe waiting to happen. Musk, who is based in California, has since been overtaken by Amazon boss Jeff Bezos, but still sits in third place on Bloomberg's billionaires index. IRA FLATOW: So were not thinking a big GoFundMe campaign here. So by 2030, theres $7 trillion in unpaid tax in the US. Are you interested in purchasing jewelry? Lets begin with some context here. House debt limit vote: GOP plan passes with $4.5 trillion in cuts The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. Biden told McCarthy he would not negotiate on the debt ceiling, arguing it should be raised by Congress without parameters. These cuts are tied to a $1.5 trillion increase of the debt ceiling until May 2024. View our online Press Pack. In total, the spending reductions could achieve more than $3 trillion in savings over the next decade, according to the nonpartisan Congressional Budget Office, which scored a version of the legislation this week. Hand out moneys to homeowners. I will mostly be interested in classic cars that hold their value well. A Trillion Dollars This cookie is set by the provider Akamai Bot Manager. And we can get there, and we can solve this problem. The bills savings would be even larger, but it includes one provision that would boost the deficit: taking back money the Internal Revenue Service was given to hire more than 80,000 new employees. That is not something that I'm really interested in doing. My question is, is this what leadership is going to demand from the Senate, or are we going to get something watered down? Rep. Ralph Norman (R-S.C.) told HuffPost. White House: Nothing New To Say, House Republicans Have A Its about how to spend it. And I think that the consequences of a single power or corporation getting there are so, so incredible that, ideally, I would love to spread out the benefits of that wider across the world, just so that we dont end up with one corporation or one entity, one state, really dominating the rest of us if they do get to this breakthrough kind of AI, or a breakthrough kind of quantum computer as well.
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