IBJOpinion

We must explore alternative energy

August 14, 2010
Keywords
Back to TopCommentsE-mailPrintBookmark and Share
IBJ Letters To The Editor

The Viewpoint essay penned by Peter Grossman [in the July 26 issue] was infuriating. The incendiary headline (“Bill Gates wants to spend your money”) was shameful. As of 2007, Bill and Melinda Gates were the second-most-generous philanthropists in America, having given over $28 billion to charity. They have since pledged to donate their entire $58 billion fortune to charity upon their deaths, leaving nothing even for their children. They are currently working to convince other American billionaires to follow their example. There is not enough room in this newspaper to enumerate all of Gates’ philanthropic acts.

Grossman suggests that Gates made his fortune “by having a good sense of the market.” Grossman must be the only person in America unaware that Gates designed and developed the modern personal computer, something which has arguably benefited nearly everyone alive today. Instead, it would seem that Grossman prefers to celebrate the kind of billionaire who inherited a fortune from his parents and then doubled it through investment—the kind of billionaire who amasses wealth only to be used for the pleasure of himself and his family.

Grossman suggests that the acts of Presidents Carter, Bush and Obama to develop alternative energy sources were complete wastes of time and resources. One can only arrive at this conclusion if they ignore two indisputable facts: Burning oil and coal is bad for human health and our environment, and fossil fuel reserves will not last forever.

Grossman implies that research into alternative energy is a waste of time because it is not cost-effective. According to this logic, we should continue to use asbestos in home construction, knowing that it is a carcinogen, until the cost of liability lawsuits exceeds the profits to be made. And yes, you are correct that “very little oil is used to generate electricity.” The vast majority of electricity is created by burning coal. The hope is that alternative energy can replace both.

If you want to suggest that this new effort by Gates will ultimately fail, then you may very well be correct. Developing a cost-effective replacement for all of the oil and coal in the world is a lofty goal. But to paint this effort as the selfish act of a greedy tycoon is wrong.

The question must be asked: What would you, Mr. Grossman, prefer that we do instead?

____________

Joshua Hassett

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT