onejayhawk
Afflicted with reason
Right, and when you attach a 1000 lb car to climb up the ribbon, that will be 1000 lbs of force pulling down on the satellite. It would force it downwards over time, unless there was a mechanism by which the force (keeping the satellite in space) was 'recharged'. This outwards pull is maintained by having the bulk of the mass outside of geosynchronous orbit but tethered to Earth to keep it from flying away. A mass going at 'geosynchronous' velocities, but higher that GEO orbit would fly off into space.
As soon as the majority mass falls below GEO, it would be going too slowly to stay up.
A ton or two would not greatly effect the angular moment. Still, orbital adjustment would be an important issue. Rocket jets are very inefficient. There are various forms of drives using solar power. In fact, the Earth's magnetic field could be used as a generator or a motor, depending on whether you want to go up or down.
Also, things would be coming down as well as going up.
J