Sign in

darch007.bsky.social

@darch007.bsky.social
1.4K followers 837 following 40 posts
PostsRepliesMedia
Reposted by @darch007.bsky.social
Jake Grumbach @jakemgrumbach.bsky.social · 6h
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,…
5139411705
Reposted by @darch007.bsky.social
Kevin M. Kruse @kevinmkruse.bsky.social · 04/10/2026
Just a reminder that these Haitian immigrants in Springfield -- who came here legally, did everything they were asked to do and more -- became a target of federal crackdowns because the white nationalist vice president shamelessly spread racist lies about them.
rollingstone.com
J.D. Vance Defends False Claims Against Haitians: 'If I Have to Create Stories… That's What I'm Going to Do'
J.D. Vance defended his debunked claims that Haitian immigrants are eating pets in Springfield, Ohio.
10141991469
Reposted by @darch007.bsky.social
Garrett M. Graff @vermontgmg.bsky.social · 30/09/2026
We don’t spend enough time talking about just how WEIRD all these people are. This is just an incredibly weird and insecure thing to say. Imagine any other SecDef ever being this weird and insecure?!
2954413929
Reposted by @darch007.bsky.social
Grudgie the Wail @grudgie.bsky.social · 17/09/2026
The dumbest asshole in the country and the President need to be two different people moving forward
18195031815
Reposted by @darch007.bsky.social
Anne Applebaum @anneapplebaum.wsocial.eu · 15/09/2026
The Kennedy Center was a beloved Washington institution, enjoyed by millions of people. It has been destroyed for no real reason. Just vanity, carelessness, indifference. www.theatlantic.com/ideas/2026/0...
theatlantic.com
Trump’s Kennedy Center Shakedown
The only appropriate response is to refuse to accede to his demands.
1462429849
Reposted by @darch007.bsky.social
Mina Kimes @minakimes.bsky.social · 15/09/2026
Patrick Mahomes hasn’t completed a pass over ten yards and the Chiefs have 31 points. Alarming, Denver!
5192856
Reposted by @darch007.bsky.social
Nikki McCann Ramírez @nikkimcr.bsky.social · 14/09/2026
Bettina Trump, wife of Trump Jr., posts a lengthy Instagram caption responding to @propublica.org’s reporting that a Russian oligarch paid for over $170,000 of her wedding.
282686185
Reposted by @darch007.bsky.social
Victor Ray @victorerikray.bsky.social · 03/09/2026
When, in January 2025, I wrote that the Trump administration was segregationist folks said I was exaggerating. I would have *loved* to be wrong about this but the unfortunate evidence remains on my side. This is just racism, pure and simple.
nytimes.com
Trump Moves to Strip Tax Exemption From Schools That Aid Minority Students (Gift Article)
The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
12763288
Reposted by @darch007.bsky.social
Radley Balko @radleybalko.bsky.social · 28/08/2026
There's no forgiving this. No living it down. It's a stain on our humanity. When all this is over, the monsters who did this should be pariahs. And the soulless thugs who cheered it on while dehumanizing Haitian immigrants should be reminded of what they did every day of their lives.
14584482882
Reposted by @darch007.bsky.social
Alexandra Petri @petridishes.bsky.social · 27/08/2026
the year is 2027. gas costs $83 and lettuce is at war with us. however every location on every map now says AMERICA
227147262819
Reposted by @darch007.bsky.social
jamelle @jamellebouie.net · 24/07/2026
interesting to me that as the administration treats democratic-voting states like conquered or occupied territories, you don’t have pundits demanding the president respect “half the country”
18190222606
Reposted by @darch007.bsky.social
Jason Karsh @jkarsh.bsky.social · 24/07/2026
That we continue to humor this dipshit amazes me. He’s a compulsive liar. He’s constantly wrong, consistently racist and pro-white nationalist. I realize he’s rich. I realize he has burrowed himself into the federal government payroll. But there’s simply no good reason to hand him a microphone.
1038863
Reposted by @darch007.bsky.social
Jason Scott @textfiles.com · 03/07/2026
I'll summarize this: Mamdani asked NYers to keep air conditioning at 78 degrees. A wave criticism hit online. A MSNBC broadcast pointed out the US Department of Energy recommends that 78 degree figure. Immediately after, the US Department of Energy deleted 6,000 web pages related to energy saving.
8883364912531
Reposted by @darch007.bsky.social
Jennifer Ouellette @jenlucpiquant.bsky.social · 30/06/2026
Here’s Why Weather Forecasts Have Seemed So Inaccurate Lately. Meteorologists simply aren't able to gather as much data as they used to, and you're suffering for it. gizmodo.com/heres-why-we...
gizmodo.com
Here's Why Weather Forecasts Have Seemed So Inaccurate Lately
Meteorologists simply aren't able to gather as much data as they used to, and you're suffering for it.
342205971
Reposted by @darch007.bsky.social
Barred and Boujee aka Madiba Dennie @audrelawdamercy.blacksky.app · 01/07/2026
there is a literacy crisis at the Supreme Court: only 5 of 9 justices are capable of reading the Fourteenth Amendment AND it took them a year and a half to do so tragic tbh ballsandstrikes.org/scotus/birth...
ballsandstrikes.org
The Supreme Court’s Big Birthright Citizenship Decision Is the Absolute Bare Minimum
The justices had a simple task in Trump v. Barbara: uphold their oaths. Only five were willing to do so.
1029558
Reposted by @darch007.bsky.social
Adam Serwer @adamserwer.bsky.social · 30/06/2026
people got mad at me yesterday when i said the dems were not ready to take court reform seriously. 5-4 for non-racial citizenship is not a win, it's a reprieve bsky.app/profile/schu...
11164211314
Reposted by @darch007.bsky.social
Adrienne LaFrance @adriennelaf.bsky.social · 26/06/2026
GREAT SCOOP from @michaelscherer.bsky.social: National Park Service projects are now being defunded to cover President Trump’s Washington renovation spree. www.theatlantic.com/politics/202...
theatlantic.com
A White House Makeover, Brought to You by Struggling National Parks
Park projects are being defunded to cover President Trump’s Washington renovation spree.
23928536
Reposted by @darch007.bsky.social
Vince D. Monroy @vincedmonroy.bsky.social · 07/06/2026
Every reporter who interviews him moving forward should just keep telling him, “but there’s no evidence of that…” so we can watch him implode on national television again lol
412116772220
Reposted by @darch007.bsky.social
Katie Mack @astrokatie.com · 29/05/2026
It’s truly astonishing to see how comprehensively the US government is tearing down every part of the system that has made it up until now a world-leading power in science, research, and technological development. The entire world will suffer from this wanton destruction.
23980442823
Reposted by @darch007.bsky.social
Julian Sanchez @normative.bsky.social · 20/05/2026
I’m not sure why this isn’t being mentioned more, but: IRS policy for 50 years has been that the sitting president & VP get audited every year, in an effort to reassure the public they’re not corruptly abusing the office to enrich themselves.
3599513904
Reposted by @darch007.bsky.social
Jesse Eisinger @jeisinger.bsky.social · 13/05/2026
This would constitute one of the most brazen, most appalling acts of corruption in U.S. history. I know we’re numb to all of this but this is a seven-alarm fire. www.nytimes.com/2026/05/12/b...
nytimes.com
Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.
30668972840
Reposted by @darch007.bsky.social
Nicholas Grossman @nicholasgrossman.bsky.social · 11/05/2026
How to Be a Real Man, 2026 GOP Edition: -Drink whiskey, smoke cigars, make sure it's on camera -Claim you'd kill for your kids, but barely parent -Say you could beat up a bear -Say an out-of-shape 80-year-old can beat you up -Express pants-wetting fear of cities -Be an asshole to women -Whine a lot
411428296
Reposted by @darch007.bsky.social
Quinn Yeargain @yeargain.bsky.social · 09/05/2026
this is the closest I've ever come to actually suggesting a "one neat trick" suggestion for anything, but I'm so serious here. the Virginia Constitution gives the legislature the power to set retirement ages for judges "REGARDLESS OF THE TERM TO WHICH ELECTED OR APPOINTED." make it 54 right now.
the-downballot.com
How Virginia Democrats can overturn the redistricting ruling: Retire the Supreme Court
The state Constitution gives lawmakers complete latitude to set the judicial retirement age. They should use it.
14066992029
Reposted by @darch007.bsky.social
Julian Sanchez @normative.bsky.social · 07/05/2026
If you thought elaborately faking being good at videogames to impress a bunch of manchildren was embarrassing, consider elaborately faking that your mother loves you.
1573531722
Reposted by @darch007.bsky.social
Chuck the Vampire Slayer 🧛🏻 @sazeracla.bsky.social · 06/05/2026
One of the major planks in the Democratic platform that they should be loudly running on is “The Republicans are racist pieces of shit.“
217341
Reposted by @darch007.bsky.social
Kevin Morris @kevintmorris.bsky.social · 06/05/2026
I am really struggling to understand the Bert Callais news as anything other than evidence of how the Big Lie ideology has fully taken root. It is no accident that he was at J6, just like it is no accident that the justice writing the opinion flew an upside-down flag that day
202914669
Reposted by @darch007.bsky.social
jamelle @jamellebouie.net · 30/04/2026
i was told by john roberts and sam alito that racism is over so i won't worry about white republicans in the south jumping over themselves to end black political representation wherever they can
10557081603
Reposted by @darch007.bsky.social
Michael P. Breen @mpbreen21.bsky.social · 29/04/2026
A SCOTUS that believes that the Constitution protects the political rights of corporations more than it does those of non-White Americans is fundamentally illegitimate and its rulings should be treated as such
13851911513
Reposted by @darch007.bsky.social
Jay Willis @jaywillis.net · 30/04/2026
I have spent my entire career listening to FedSoc types complain about liberal “activist judges” who “legislate from the bench,” and none of them are going to say a single blessed thing about Sam Alito rewriting the Voting Rights Act to say what he thinks Congress ought to have said
ballsandstrikes.org
Six Conservative Activists Killed the Voting Rights Act
The Supreme Court's conservatives have spent their careers working to kill the Voting Rights Act. They just did it.
9343621379
Reposted by @darch007.bsky.social
Jamison Foser @jamisonfoser.bsky.social · 29/04/2026
If Democrats do not immediately expand and rebalance the Supreme Court at their first opportunity, nothing else they do to rebuild democracy will survive and MAGA rule will remain entrenched.
211236347
Reposted by @darch007.bsky.social
Micah @rincewind.run · 29/04/2026
the basic reality is that this court has already destroyed the united states as a functional republic and none of the reforms necessary to rebuild it will survive the court as it currently exists any democrat not committed to expanding the court is not serious about fixing this country
4451211495
Reposted by @darch007.bsky.social
Ari Berman @ariberman.bsky.social · 29/04/2026
John Roberts has been trying to kill Voting Rights Act since he was young lawyer in Reagan DOJ in early 1980s. That's most important context for today's Callais decision. Roberts Court has now issued 3 major decisions gutting VRA, turning law into dead letter www.motherjones.com/politics/202...
10227081222
Reposted by @darch007.bsky.social
Harry Litman @harrylitman.bsky.social · 29/04/2026
Passed in 1965 with overwhelming bipartisan support, and re-authorized repeatedly, the Voting Rights Act has long and widely been regarded as one of the signal achievements in US political history. Now an activist conservative super-majority of Court has taken it down with a brutal 1-2 attack.
31946353
Reposted by @darch007.bsky.social
Sarah Karlin-Smith @sarahkarlin-smith.bsky.social · 28/04/2026
Say it with me now... RFK has not changed his position on vaccines. Politico: RFK Jr. is holding up $600 million in vaccines for poor countries The distributor of the shots said it would cost tens of thousands of lives. www.politico.com/news/2026/04...
politico.com
RFK Jr. is holding up $600 million in vaccines for poor countries
The distributor of the shots said it would cost tens of thousands of lives.
411865
Reposted by @darch007.bsky.social
Dave Levitan @davelevitan.bsky.social · 28/04/2026
Thinking again about how Mackenzie Scott has given away $19 billion of her $38b and still seen her net worth increase, these are some weird little pissbabies
9152591141
Reposted by @darch007.bsky.social
Marc Elias @marcelias.bsky.social · 26/04/2026
🚨BREAKING: A Virginia circuit court has refused to block the implementation of Democrats’ new congressional map, which voters approved in a statewide special election last week. www.democracydocket.com/news-alerts/...
democracydocket.com
Virginia court declines to block Democrats from using new voter-approved congressional map
“Millions of Virginians voted in an election,” wrote the judge in the order. "It is in the public interests to allow the amendment to take effect."
16079682095
Reposted by @darch007.bsky.social
Oliver Willis @owillis.bsky.social · 26/04/2026
Donald Trump called Somalis “animals.” He said Haitians eat dogs and cats. You fucking journalists had a party with him and now you want our sympathy. Fuck off.
6167871304
Reposted by @darch007.bsky.social
Mark Copelovitch @mcopelov.bsky.social · 24/04/2026
This sounds bonkers and then you realize it’s merely a boringly factual statement of what actually happened. He needs to marched in chains & an orange jumpsuit to jail for the rest of his life.
152165525
Reposted by @darch007.bsky.social
Spooky Back From The Dead Lazarus @jlazarus.bsky.social · 24/04/2026
It's not hyperbole in the least to say Musk purchased a six-month shadow presidency for $280 million and used the power of that shadow presidency to 1. Steal the government’s data, 2. Permanently damage the state’s ability to regulate his businesses, and 3, kill non-white people.
8997753836
Reposted by @darch007.bsky.social
Acyn @acyn.bsky.social · 22/04/2026
Reporter: What do you make of Republicans saying that Virginia— AOC: Wah wah wah. We have asked Republicans for 10 years to ban partisan gerrymandering. And for 10 years, Republicans have said no. What they’re just mad at is that they have been accustomed to a Democratic Party that rolls over.
438226535797
Reposted by @darch007.bsky.social
Nathan Goldwag @goldwagnathan.bsky.social · 22/04/2026
They think you're stupid.
286117833031
Reposted by @darch007.bsky.social
NBC News @nbcnews.com · 22/04/2026
BREAKING: Virginia voters approve a Democratic redistricting plan that could allow the party to pick up as many as four new seats in the midterm elections, NBC News projects.
nbcnews.to
Virginia voters approve Democrats' redistricting plan, giving the party a midterm election boost
NBC News projects Democrats will be able to enact a new proposed map designed to net them up to four seats, as they push for control of the narrowly divided House.
28668232
Reposted by @darch007.bsky.social
Maia @maiamindel.bsky.social · 19/04/2026
let's make a cultural value judgment: palantir are a bunch of execrable fascist shitheads and their ideas go against the basis of every civilized country on earth, from which they should be extirpated like the intellectual cancer they are
161903402
Reposted by @darch007.bsky.social
atticus goldfinch @atticusgf.bsky.social · 16/04/2026
the VP being a fucking groyper nazi should probably be a bigger story
191709477
Reposted by @darch007.bsky.social
jamelle @jamellebouie.net · 14/04/2026
i bet this goes crazy if you’re a dumbass
2556170741
Reposted by @darch007.bsky.social
RoseMarie @rosesbloom24.bsky.social · 05/03/2026
This Women’s History Month, we want to celebrate all the Black women who have helped to shape lives for the better with their innovative minds and tenacity in their respective fields. From the invention of the ironing board (cont.) #WomensHistoryMonth www.theroot.com/13-invention...
18350
Reposted by @darch007.bsky.social
Oh No He Didn't @ohnohedidnt24.bsky.social · 22/02/2026
Wemby actually did that lol
937484
Reposted by @darch007.bsky.social
Black Aziz Anansi @blackazizanansi.blacksky.app · 20/02/2026
So there's a black girl scout troop trying to raise money to to to Europe but they aren't close to their goal as of yet. Please share this and buy some cookies if you can digitalcookie.girlscouts.org/scout/reagan...
digitalcookie.girlscouts.org
Order your Faves on my Digital Cookie Site Today
That's right! You can order your favorite Girl Scout Cookies from me online, all while helping my troop and I do great things in our community and beyond! Check it out.
8016051640
Reposted by @darch007.bsky.social
Senator Ed Markey @markey.senate.gov · 09/02/2026
What this ad doesn’t show: Ring also rolled out facial recognition for humans. I wrote to them months ago about this. Their answer? They won’t ask for your consent. This definitely isn’t about dogs—it’s about mass surveillance. x.com/Phil_Lewis_/...
x.com
21974413