The tax credits aren't coming out of the grid somewhere else. The project is a negative to tax revenue, positive to the grid, and positive to CO2 levels.
He's using the tax credits to undersell projects with storage that would have been more positive for the grid. Solar without storage in Texas is coal to Newcastle. Subsidizing bare-bones solar is not good for the grid.
Projects with storage can take advantage of the cheaper solar power by shifting their balance, installing fewer panels and more storage. This leaves the grid better off overall.
Projects with storage can also take advantage of lower grid connection power limits because they are not forced to dump maximum power at peak supply times of the day.
The taxes were for capital gains on his crypto assets, which is not an investment but pure speculation. The tax dodge was to find an actual investment with tax credits that would cover the capital gains on his speculation.
It is a chrome developer. His claims that he was raising the quality level of the web are particularly hilarious given that he worked at google. Maybe the salary of google blinds people into believing this.
My memory is that two-stage rockets had a few more points of failure but were harder to retrieve, so not really worth the effort. The Estes engines solved most of the technical challenges, but I lived in an area with lots of trees and no huge expanses of open space.
Whether solid or liquid blankets, these guys seem clueless. How about the neutron shield? Gonna breed tritium as well? How long do they suspect reactor components can last w/o all the heat and neutron radiation?
People develop schizophrenia in their early twenties. Once it develops, you have it for life. The evidence is that cannabis use at an early age makes people who are susceptible to schizophrenia unable to control it and it fucks up the rest of their life. Some people smoke a ton of pot and never develop schizophrenia. Some people who are susceptible to schizophrenia and wait until their late 20's to smoke pot or use it minimally before then are able to avoid schizophrenia.
This is a perfectly valid reason to avoid heavy cannabis use before the age of 25.
Previous studies have shown that young adults who are susceptible to schizophrenia are more likely to develop it if they were heavy cannabis users at a younger age. As they get older it is less likely to develop, or they are better able to keep it from developing. My brother-in-law smoked cannabis in high school and college and was hospitalized for schizophrenia when he was in college. It wrecked his life and he still has schizophrenia at age 65. I don't think it is just an academic issue.
It's really annoying that people here are talking about "Zero" fee funds as if they were zero-fee funds. As far as I can tell "Zero" means less than 0.05% fees.
No, zero means a 0% expense ratio and no minimums, as listed for the four funds at the top of https://www.fidelity.com/mutual-funds/investing-ideas/index-.... Unlike most other funds, these are captive to Fidelity so if you ever do an ACATS transfer they have to be liquidated.
It's an interesting reversal and highlights the power of competition - as a young part-time employee in college, my employer automatically contributed a few hundred dollars for me to a 403(b) type of retirement savings account. Fidelity was the custodian and after I left the job, it imposed a substantial monthly fee that eventually ate all of the money in the account, leaving me with zero. I always remember that episode when dealing with Fidelity.
He was doing it for the tax credits. Without the tax credits, this project wouldn't have come close to making sense.