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Monday, October 17, 2011

How rich people waste their money

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Does NZ have the spare cash to throw around? Can't its millionaires find a more practical project to advancing science or achievement.
Take this recent announcement in the NZ Herald. Some Wellington property developer wants to build the fastest vehicle in the world - faster than the one already going 1200kmph, and yet still finding no practical application. Why do we need another vehicle going even faster if we cannot buy a 1200kmph vehicle? The chalenge is not speed; its unlikely efficiency, as I'm quite sure there is a market for any such craft, even if its only a tycoon's play thing.
Winning the World Cup Rugby will likely make NZ'ers feel proud; but will it make a difference to their lives? Was it their achievement? No? Will it give them greater courage to be an achiever? Not really? They should be able to make any achiever a role model, so the All Blacks are likely only inspiration for other rugby players.
I discourage people from funding such a project. Maybe the crew ought to actually pursue greater advancements than a mere speed increase; and besides the 'cashed up' Aussies are already have a year up on us, since they have similar plans. See Australian land speed record.
What would be a real advancement would be a jet-propelled boat that is sized to ride over waves at those types of speeds without actually touching them. I have no idea if it can actually be done; but that would be a practical application because we really have no need for land-based jet craft; unless we are going to stick them in tunnels. This would actually make sense in NZ - given its elongated shape. The problem of course is that it would be a pretty low-capacity and expensive infrastructure to develop because only one craft could use a segment of it at one time, and it would have to be >500km long in order to offer benefits. No, I suspect aviation is the proper place for speed records; not the confines of tunnels, nor the 'perfect land conditions' of some salt lake in Nevada. This is just a waste of money.


'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.


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