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Angry Porcupine

@angryporc123.bsky.social
1.2K followers 2.6K following 2.2K posts
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Reposted by Angry Porcupine
Jake Grumbach @jakemgrumbach.bsky.social · 18h
New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854
Taxing Entrepreneurial Wealth: Evidence from
Norway, 2021-2025
Marius A. K. Ring
WORKING PAPER 35854|
DOl 10.3386/w35854
ISSUE DATE October 2026
Whether imposing higher taxes on business owners adversely affects business activity by constraining investment and inducing capitalist flight is a central question in the ongoing debate on how to tax the ultra wealthy. To shed new light, I exploit a series of related Norwegian reforms during 2021-2024 that increased dividend tax rates, removed migration-related capital gains tax loopholes, and nearly doubled the effective marginal tax rate on business wealth. These reforms spurred international debate and, allegedly, an "exodus" of Norwegian billionaires (Financial Times,
2023). While I document clear effects on migration, these responses are concentrated among the top 0.1% of the wealth distribution and mostly confined to 2022 and 2023. My results indicate that at most 100 individuals left due to the reforms. I find no evidence of significant outmigration or reduced inflows of startup founders or inventors. I estimate that absent any outmigration, wealth tax revenues would have increased by 75% from 2021 to 2024. Reform-driven outmigration lowers the revenue gain to 71.5%. My findings further show that outmigrating owners' firms remain economically active and do not reduce investment. In a broader set of analyses, I examine whether business outcomes are affected, regardless of whether owners outmigrate, since firms may reduce investment both due to liquidity constraints or distortions to owners' savings decisions. I compare firms owned by Norwegian individuals subject to the wealth tax with firms owned by foreigners and other tax-exempt entities. By merging historical ownership data from Orbis with the Norwegian shareholder register, I perform these analyses on both Norwegian and foreign-domiciled firms.
Across settings, I find no evidence that Norwegian-owned firms pay out more dividends or invest less after the reforms,…
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Angry Porcupine @angryporc123.bsky.social · 18h
www.thenation.com/article/poli...
thenation.com
Democrats Have a Bill Maher Problem
Establishment Democrats obsessing over Hasan Piker’s every move seem to have no issue talking to Maher, despite his decades of open bigotry.
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Reposted by Angry Porcupine
Joel @snufkinlib.bsky.social · 08/10/2026
Incredible hype shot of a hedgehog
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Angry Porcupine @angryporc123.bsky.social · 20h
www.nytimes.com/2026/10/09/o...
nytimes.com
Opinion | ‘You’ve Lied to Me Enough.’ In Texas, MAGA Voters Are Breaking Ranks. (Gift Article)
The Texas Democrat who says the culture wars are over.
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Reposted by Angry Porcupine
Perry Bacon @perrybaconjr.bsky.social · 01/10/2026
"For America to right itself, we need changes on the scale of Reconstruction and the New Deal. And I worry that’s not going to happen if Democrats and the broader anti-Trump left are taking their cues about what’s necessary and politically possible from the Times." newrepublic.com/article/2160...
newrepublic.com
The Left Must Fight The New York Times’ Monopoly Too
The paper’s editorial vision is out of step with the robust liberalism needed today.
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Angry Porcupine @angryporc123.bsky.social · 03/10/2026
Interesting trend in the last few days of right-wing accounts complaining about soldiers being overpaid. Not sure what’s driving this, are they making Elon feel insecure or something?
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Angry Porcupine @angryporc123.bsky.social · 30/09/2026
www.nytimes.com/2026/09/30/n...
nytimes.com
A Hasidic Jew Protested Against an Israeli Flag. He May Be Deported. (Gift Article)
Yehonatan Ovadia, who opposed the mounting of the flag in a small New York town, belongs to a Hasidic branch that is anti-Zionist. He is now in ICE custody.
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Angry Porcupine @angryporc123.bsky.social · 26/09/2026
When they win back the House, Democrats need to make Roger Goodell say under oath why he thinks talking about Hind Rijab is offensive. If they don’t do this Hakeem Jeffries needs to be primaried
nbcsports.com
Azeez Al-Shaair was told to remove name of Palestinian girl from eye black in Week 2
After the Texans' Week 1 game against the Bills, the NFL fined linebacker Azeez Al-Shaair $11,941 for having the name "Hind Rajab" on his eye black strips.
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Angry Porcupine @angryporc123.bsky.social · 22/09/2026
How are we supposed to make things better with leaders like this?
thebulwark.com
SCOOP: Jeffries to Fundraise With Fox News’s Favorite Democrat
Thin wallets make strange bedfellows.
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Angry Porcupine @angryporc123.bsky.social · 22/09/2026
www.propublica.org/article/fbi-...
propublica.org
The FBI Anti-Corruption Squad Was Circling Susan Collins — Until Trump Got in the Way
After the FBI caught a defense contractor’s CEO making illegal campaign contributions, it sought to launch a sweeping political bribery probe involving Collins and others. Then the second Trump admini...
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Angry Porcupine @angryporc123.bsky.social · 21/09/2026
You know who’s not owned by private equity? Little Caesar’s. They have sales for 2 x $4.99 pizzas! I feel like they should get more credit for this tbh
theguardian.com
‘Don’t spend $20 on an acai bowl’: gen Z are shunning private equity’s restaurant takeover
As more PE firms invest in food establishments, people are bemoaning the ‘same-ification’ of NYC’s restaurant scene
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Reposted by Angry Porcupine
eliko thalia @museinrevolt.bsky.social · 17/09/2026
just learned this today
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Angry Porcupine @angryporc123.bsky.social · 21/09/2026
Interesting which enemies they left off the list
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Angry Porcupine @angryporc123.bsky.social · 21/09/2026
www.duffelblog.com/trump-consid...
duffelblog.com
Trump considers replacing Hegseth with rock or something
White House sources say object would bring “much-needed stability” to Pentagon
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Angry Porcupine @angryporc123.bsky.social · 20/09/2026
Pete Hegseth: “Khorne cares not from whence the blood flows? Sounds like DEI.”
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Angry Porcupine @angryporc123.bsky.social · 20/09/2026
I have an confession to make. I also have assigned sniper rifles and large amounts of fictional ammunition to random buildings. However, I did this as a five year old playing with Legos, not as the President of the United States
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Angry Porcupine @angryporc123.bsky.social · 19/09/2026
This is a good argument. Would not shock me if the preliminary hearing officer finds no probable cause for some offenses and recommends referral to a special court martial for others. defendersofourrepublic.substack.com/p/major-jaso...
defendersofourrepublic.substack.com
Major Jason Watson’s Article 32 hearing
Update #2
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Angry Porcupine @angryporc123.bsky.social · 19/09/2026
I can’t think of what this would look like besides maybe giving F-35 data to China. Israel contributes so little to US national security as a whole it would be difficult for it do anything impactful without taking active steps to harm the US.
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Angry Porcupine @angryporc123.bsky.social · 19/09/2026
The Foundation for Defense of Democracies suggests Israel should retaliate against the United States by harming joint national security projects if the US imposes sanctions based on the large number of exhaustively documented war crimes committed by Israelis and the Israeli government.
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Reposted by Angry Porcupine
Team Talarico @teamtalaricohq.bsky.social · 18/09/2026
.@TVietor08: I just want to make sure that listeners know the story of Ken Paxton and a man named Adam Hoffman. Adam Hoffman was an attorney in Waco, Texas. He was arrested in 2022 after being accused of repeatedly sexually abusing a young boy.
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Angry Porcupine @angryporc123.bsky.social · 19/09/2026
@abigailspanberger.com is it good when politicians from other states come to make cautionary videos that make NOVA sound like a post-apocalyptic hellscape?
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Reposted by Angry Porcupine
jamelle @jamellebouie.net · 19/09/2026
i thought this was very funny
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Reposted by Angry Porcupine
Aaron Rupar @atrupar.com · 17/09/2026
footage is making the rounds on Facebook of a canvasser wearing a Stronger Maine shirt (a super PAC that supports Susan Collins) stealing a package yesterday
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Angry Porcupine @angryporc123.bsky.social · 15/09/2026
Gillette Stadium filled with Palestinian flags while Robert Kraft steams in the owners box. A sea of No. 12 Pats jerseys with “Free Palestine” on the back. Would almost make Pats fans tolerable.
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Reposted by Angry Porcupine
Team Talarico @teamtalaricohq.bsky.social · 14/09/2026
James Talarico meeting every Texan at his community event in Houston🤩
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Angry Porcupine @angryporc123.bsky.social · 14/09/2026
www.nytimes.com/2026/09/13/c...
nytimes.com
E.P.A. Will Erase Limits on Climate Pollution From Power Plants (Gift Article)
Generation of electricity is the second largest source of carbon dioxide and other planet-warming gases in the United States.
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Angry Porcupine @angryporc123.bsky.social · 13/09/2026
www.texasobserver.org/gina-hinojos...
texasobserver.org
Will a Coalition of ‘MAGA Moms’ Rally Behind Gina Hinojosa's Bid for Texas Governor?
Some Republicans say they won’t give Governor Greg Abbott a fourth term after what he’s done to the public education system in Texas.
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Angry Porcupine @angryporc123.bsky.social · 13/09/2026
www.nytimes.com/2026/09/08/u...
nytimes.com
A Doctor Sued 700 Patients for Debts; 81 Were Arrested. Now He’s a Senator. (Gift Article)
Patients sued by Senator Roger Marshall of Kansas were routinely charged 18 percent interest, The Times found. Some had bank accounts garnished.
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Reposted by Angry Porcupine
The Bulwark @thebulwark.com · 13/09/2026
The crowd erupts in chants of "Shame on you!" as Roger Marshall tries to explain why he sued 700 of his patients, leading to 81 arrests:
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Angry Porcupine @angryporc123.bsky.social · 13/09/2026
If Angie Nixon wins, it is proof a progressive candidate can win a red state where corporate Democrats have failed. If she wins by running on policies corporate Dems won’t support because they offend donors, it will show the way forward for the Democratic Party.
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Angry Porcupine @angryporc123.bsky.social · 13/09/2026
www.nytimes.com/2026/09/13/u...
nytimes.com
Angie Nixon, Candidate for Senate, Takes Florida by Storm (Gift Article)
The Democratic nominee for Senate faces strong headwinds in a decidedly Republican-leaning state. She has been a fighter, and an underdog, for years.
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Angry Porcupine @angryporc123.bsky.social · 09/09/2026
Stop defending anyone with Biden in their name
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Reposted by Angry Porcupine
Jasper Nathaniel @infinitejaz.bsky.social · 05/09/2026
I’m really grateful to @podsaveamerica.crooked.com for bringing me on to share the unfiltered story of Israel’s project of ethnic cleansing the West Bank. youtu.be/7x53nC2n6ms
youtu.be
Republicans REJECT Trump's Invitation To Convention
YouTube video by Pod Save America
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Angry Porcupine @angryporc123.bsky.social · 05/09/2026
Trump and Hegseth want this guy to be the Secretary of the Army. Strangulation as a form of domestic violence is not just criminal, it is the most statistically significant factor in predicting whether someone will commit homicide.
nbcnews.com
Abuse allegations against Sean Parnell threaten to upend GOP Senate primary in Pennsylvania
The timing of a court case involving serious accusations against the Trump-backed candidate is particularly frustrating for a GOP eager to take advantage of fresh opportunities.
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Angry Porcupine @angryporc123.bsky.social · 03/09/2026
The mainstream Hegseth/Trump analysis is willfully blind if it doesn’t address the fact that Hegseth would order the military to kill Americans to keep Trump in power and his potential replacements likely would not. That’s why Trump is unlikely to get rid of Hegseth unless he has no choice.
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Angry Porcupine @angryporc123.bsky.social · 02/09/2026
www.lawfaremedia.org/article/the-...
lawfaremedia.org
The Boat Strikes Aren’t Part of a War. They’re Murder.
By debating war powers and war crimes, Congress is missing the simpler, graver truth: The president is directing summary executions.
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Angry Porcupine @angryporc123.bsky.social · 01/09/2026
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Reposted by Angry Porcupine
Angry Porcupine @angryporc123.bsky.social · 03/01/2026
WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives
historyisaweapon.com
War Is A Racket
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Reposted by Angry Porcupine
Angry Porcupine @angryporc123.bsky.social · 11/01/2026
Bruce Wayne and Tony Stark should stop punching people in the face and pay more in taxes
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Angry Porcupine @angryporc123.bsky.social · 31/08/2026
Put me on @cnn.com
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Angry Porcupine @angryporc123.bsky.social · 31/08/2026
If I, a random person on the internet thought this was obvious before the war even started, that makes the failure to plan even more egregious
militarytimes.com
The devastation of NSA Bahrain is a national security warning
Opinion: If NSA Bahrain is not reconstituted to pre-attack capabilities, it will fundamentally change how the U.S. Navy operates, the author of this op-ed writes.
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Angry Porcupine @angryporc123.bsky.social · 31/08/2026
I agree with most of this assessment although I think it underplays how obvious and vulnerable Bahrain was as a target. Also how incompetent the failure to plan for its loss was
militarytimes.com
The devastation of NSA Bahrain is a national security warning
Opinion: If NSA Bahrain is not reconstituted to pre-attack capabilities, it will fundamentally change how the U.S. Navy operates, the author of this op-ed writes.
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Angry Porcupine @angryporc123.bsky.social · 29/08/2026
You received a gift article from Haaretz. 'Choose Equality, Choose Hope': Natalie Portman Backs Arab-Jewish Party Ahead of 2026 Israeli Election - Israel Political News www.haaretz.com/israel-news/...
haaretz.com
'Choose hope': Natalie Portman backs Arab-Jewish party ahead of Israeli election
At a fundraiser for A Place for Us All, Portman praised the new Jewish-Arab slate as 'one of the most courageous and exciting developments in Israel-Palestine in recent years,' adding that the establi...
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Angry Porcupine @angryporc123.bsky.social · 28/08/2026
The war with Iran is definitely the most rapid strategic defeat in US history. Afghanistan and Vietnam took 20 years before it was obvious we lost. Hegseth and Trump lost this one in 6 months.
nytimes.com
Six Months In, Iran Appears Stronger and U.S. Goals Unclear (Gift Article)
Trump’s replacement of a military war with a heightened economic one is not expected to alter Iran’s strategy, while further impoverishing its people.
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Angry Porcupine @angryporc123.bsky.social · 28/08/2026
If Jared Moskowtiz was a black woman who didn’t support Israel you can bet certain people would be howling about the fact that he has no relevant foreing policy experience on the Middle East. He’s a two-term Congressman who worked for Desantis, no exactly a paragon of competence.
nytimes.com
Progressives Condemn Pick of Pro-Israel Democrat Atop House Panel
Outrage over making Representative Jared Moskowitz, who is vocally pro-Israel, the top Democrat on a Middle East policy subcommittee reflected the party’s rift over Israel.
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Angry Porcupine @angryporc123.bsky.social · 26/08/2026
@terminallance.com the most Terminal Lance to ever Lance Corporal
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Angry Porcupine @angryporc123.bsky.social · 26/08/2026
For those of you who have not been Marines, this is how a Lance Corporal tells the Secretary of Defense to go fuck himself.
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Angry Porcupine @angryporc123.bsky.social · 26/08/2026
Gregory Meeks is the Susan Collins of the Iran war. He always seems to find just enough Democratic votes to keep it going no matter how many Republicans vote against it. @benrhodes.bsky.social @meeks.house.gov
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Angry Porcupine @angryporc123.bsky.social · 26/08/2026
The logical conclusion here is that Hakeem Jeffries supports sending America’s sons and daughters to fight in Iran so they can die under Pete Hegsth’s incompetent leadership. There’s no other reason to appoint the most rabid Iran war supporter in Congress to the senior position on the Middle East
commondreams.org
'Political Malpractice': Israel Hawk Moskowitz Picked for Key House Mideast Post | Common Dreams
"How much damage will Democratic leaders cause to their own brand and party for AIPAC money?" asked one critic.
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Angry Porcupine @angryporc123.bsky.social · 25/08/2026
@neeratanden.bsky.social I just listened to you tell Astead Herndon Democratic voters don’t care about Israel, they care about stopping war in Iran. Do you think this is a good way to send that message?
axios.com
House Democrats' pro-Israel wing gains power on panel overseeing foreign policy
"I'll be in a position to help steer U.S. policy on Israel," said Rep. Jared Moskowitz.
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