$99 billion in damage. $99 billion in damage last year. and unfortunately, we re lucky to break that record this year. and the evidence is overwhelming that every dollar that we invest in resilience saves $6 down the road. when the next fire doesn t spread as widely or the power station holds up against the storm. we need to build with resilience, with resilience in mind. so, roads are built higher, levies are made strong stronger. the power lines are protected and so much more. i hope that we are past debating climate change in this country. now we have to act, and we have to act fast. and my plan does that.
natural disasters from coast to coast. the devastating wildfires in the tahoe basin, blazes in the west spanning over 200,000 acres, and the massive flooding on the east coast as ida bludgeoned much of the northeast last night. the president called it a matter of life and death. inaction is also a costly one. the center for american progresses mating last year alone climate-related extreme weather cost americans $99 billion, and they say that number is likely to increase as the situation worsens. let s turn to dr. brian tang, atmospheric scientist at the state university in albany. our friend matt dowd is still here. dr. tang, what can be done now? say you have everyone s attention including the one-time naysayers, what can be done now? well, as governor hochul said we need to increase our resiliency to extreme weather and climate-change related natural disasters. that involves knowing one s
is that a fair characterization? yeah. and what happened to get them there? well, i think they finally realize that the market is not just a possibility. that it actually is there. again, for that, you can thank tesla. hats off to tesla for showing the united states, and really showing the world there are a lot of people who want to drive electric. at the same time, tesla is primarily for those who want to pay a fair amount for an electric vehicle. the price is well above what you see for a internal combustion engine vehicle, so they need to get to the electrical vehicle market. they re going to pour in, between the big three, they re investing 99 billion dollars between now and 2025 to develop this market. wow. and it s going to take that plus a lot more in order to see as many vehicles sold as the biden administration is hoping to see by 2030. let s talk about this. there s two parts. there is what the
so, you know, i ve covered this area quite a bit over the years, and it just seems to me like in the last year or two some switch has really turned on the electric car front in terms of the big automakers. yeah. big mainstream automakers. like they are doing it now. is that a fair characterization? correct. and what happened to get them there? well, i think they finally realized that the market is not just a possibility, that it actually is there. and for that you can thank tesla. hats off to tesla for showing the united states, and really showing the world, there are a lot of people who want to drive electric. now, at the same time, tesla is primarily for those who want to pay a fair amount for an electric vehicle. the price is much above or well above what you see for an internal combustion vehicle. so the automakers need to get to the electric vehicle market, so they re going to pour in, just think about this, chris, between the big three they re investing $99 billion be
warren buffett. buffett grew more than $20 million. he paid about $23 million in income tax. republicans calculate that as a true tax rate of 0.1%. jeff bezos added $99 billion in wealth and paid less than 1% in federal income taxes. when you compare bases to the typical american household is even more stark. notice anything strange? the typical american households is paying more in taxes than their wealth is growing. jeff bezos taxes, they stay relatively the same and his wealth is going to the moon. literally. the reasons for all of this, the u.s. taxes, people based on