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Elendel

@elendel.bsky.social
64 followers 50 following 16 posts
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Reposted by Elendel
Jake Grumbach @jakemgrumbach.bsky.social · 09/10/2026
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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I Liv, I Die, Oliviagain Hill @machineiv.bsky.social · 07/10/2026
No. I don't want power. Yes, I do want to "critique power." Power is the fucking problem. It's something to abolish, to fight, not something to strive for. I don't actually want to control the people around me. And I find it really gross if you do. Scalawags.
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Hannah Krieg @hannahkrieg.bsky.social · 06/10/2026
NEW: WA Ferries wanted you to think their workers are whiny babies who make $350k. The truth is more complicated and more sympathetic --- workers making $65k, engine room paid 20% less than above deck, and those making the big bucks working 70 hour weeks. www.theburnerseattle.com/post/washing...
theburnerseattle.com
Washington State Ferries Tried To Turn You On Their Workers By Posting Eye-Popping Salary
Ferry service has returned mostly to normal after 23 Ferry engine room workers called out sick, shutting down 13 out of 18 vessels on Monday. While there’s no official confirmation workers coordinated...
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Nieman Lab @niemanlab.org · 05/10/2026
ChatGPT is adding real cartoonists’ signatures to fake New Yorker cartoons buff.ly/YJ1mAiP
buff.ly
ChatGPT is adding real cartoonists’ signatures to fake New Yorker cartoons
OpenAI's chatbot isn't just imitating the magazine's style. It's also falsely attributing AI-generated images to real artists.
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ashley fairbanks @ziibiing.com · 05/10/2026
treating voting like a privilege that can be lost instead of a right and duty of all citizens casts a bad light on the whole system
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John Scalzi @scalzi.com · 05/10/2026
This is your occasional reminder that generative "AI" in particular could have been developed on public domain materials and/or licensed and compensated works but the major players intentionally, methodically and systemically chose to steal labor from working creative folks instead
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Charlie Stross @cstross.bsky.social · 04/10/2026
Oh my: LibreOffice just made "no AI" one of their official features: blog.documentfoundation.org/blog/2026/09...
blog.documentfoundation.org
Yes, no AI is now a feature - TDF Community Blog
One of the comments on the announcement of LibreOffice 26.8 was a simple question: “So, no AI is now a feature?” LibreOffice does not reject artificial intelligence out of hand, but an office suite us...
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A.R. Moxon @juliusgoat.bsky.social · 03/10/2026
Hey, I’m just asking questions. Ignorant questions, bigoted questions, questions that have been repeatedly answered for many years. Sorry, but I’m not listening to answers right now; I’m far too busy asking questions. It’s called being intellectually curious.
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Thought Slime’s monster @slimemildred.bsky.social · 03/10/2026
I don’t want to sound glib, but if a woman actually wanted to “make up a crime to ruin a man’s reputation,” they’d pick one that people actually give a shit about, like hurting a dog or something.
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Dhruv Mehrotra @dmehro.bsky.social · 02/10/2026
NEW: DHS agents tracked people observing ICE arrests, photographed them, ran their plates, pulled personal information, and added them to a Palantir database, according to newly unsealed court filings. w/ @regret.bsky.social
wired.com
ICE Has Been Dumping Protester Photos Into a Palantir Database
DHS agents not only tracked and intimidated people observing ICE activity in Maine, but stored information about them in a Palantir-built database, newly unsealed court filings say.
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David M. Perry @lollardfish.bsky.social · 02/10/2026
fiction leans on origin stories and I don't think we need them and often stories actually narrow rather than expand by doing them.
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Hannah Krieg @hannahkrieg.bsky.social · 29/09/2026
NEW: The same real estate firm that's tried to buy sooooo many Seattle elections just dumped $175,000 to make sure they can keep fucking over Tacoma tenants. Anyway, vote yes on Safe Homes For All! www.theburnerseattle.com/post/seattle...
theburnerseattle.com
Seattle Real Estate Firm Tries To Buy Tacoma’s Election To Stop City From Enforcing Renter Protections
Goodman Real Estate, the same Seattle-based real estate company that’s tried to buy the Mayor’s office and a corporate majority on the Seattle City Council every cycle in recent memory, just threw dow...
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David Roberts @volts.wtf · 28/09/2026
Women who have been in abusive relationships understand the kind of man Trump is better than any journalist & if we had a better media system we would have heard from those women more from the beginning. Journalists often *sound* like people trapped in those relationships! Same rationalizations!
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Sarah Taber @sarahtaber.bsky.social · 27/09/2026
"Farmer" comes from Latin "firmus," signature or contract. As in "tax farmer" or "farming out a task." That's the actual meaning of farmer; it 100% means wealthy landlords, not the people who do the work.
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Lia @liasae.bsky.social · 24/09/2026
I am now keeping this on speed-dial
Edited old IBM printout in black caps on off-white paper.
'A computer can never be held accountable
Therefore a computer must always do the hacking haha what are they gonna do, put a computer in jail? Haha "oops it's alive" lmao'
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JW Mason @jwmason.bsky.social · 25/09/2026
This is the master key to deciphering contemporary debates about free speech. www.lrb.co.uk/blog/2026/se...
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Evan Urquhart @evanurquhart.bsky.social · 26/09/2026
This has really cracked open something for me. I had been thinking about free speech discourse in terms of hypocrisy, but this illuminates a much more consistent throughline (derogatory).
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Ari Berman @ariberman.bsky.social · 25/09/2026
This means eligible voters will be wrongly labeled non-citizens due to faulty and unreliable data and be purged from the rolls
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evacide @evacide.bsky.social · 26/09/2026
Listen, I just think it's weird that the same people who are saying they're worried that AI is going to wipe out humanity are also eager for military contracts that will give AI control of weapons.
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kill ghost @willjobst.bsky.social · 25/09/2026
don't be shy gen con go ahead. don't be shy pax unplugged go ahead. don't be shy origins go ahead. don't be shy gamehole go ahead. don't be shy gary con go ahead. don't be shy page go ahead. don't be shy breakout go ahead. don't be shy dragon con go ahead.
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Hannah Krieg @hannahkrieg.bsky.social · 24/09/2026
NEW: Just recently a "change" candidate, Mayor Wilson is doing what Seattle Mayors do best, austerity for almost everyone but the police! The advocates she once stood shoulder to shoulder with decrying this age old strategy call this move "unsettling." www.theburnerseattle.com/post/mayor-k...
theburnerseattle.com
Mayor Katie Wilson Gives Cops’ Budget 13.9% Boost
Just recently a “change candidate,” Mayor Katie Wilson took a page from tradition in her first crack at the City budget: Cuts for almost every department besides the cops. In part, her hands were tied...
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lauren @lauren.rotatingsandwiches.com · 24/09/2026
i think my takeaway was that the failure of this movie at the box office shunted us all into the grim future we now find ourselves in. and we should all feel bad, for letting true Cinema get snuffed out, for it was a rare and precious candle that can never be re-lit. also the costumes are awesome
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Jury Nelson, the Writer @jurynelson.bsky.social · 22/09/2026
If AI DOES become indispensable to the functioning of society, it won't even be because it's any better at doing stuff. It will be because large institutions that dictate the shapes of our lives have surrendered key functionalities to, like, three companies.
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Brian Finucane @bcfinucane.bsky.social · 22/09/2026
Taps the sign
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s. e. smith @sesmith.lol · 22/09/2026
lmao
404media.co
People Training OpenAI’s AI Fired for Using AI to Train the AI
OpenAI has thousands and thousands of contractors helping improve the company's AI models. Multiple contractors have been fired for using AI to train the AI.
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Hannah Krieg @hannahkrieg.bsky.social · 21/09/2026
NEW: Archie McPhee owner apologizes for $10k donation to LGW, asks for refund and gives it to the campaign defending queer and trans people. Turns out, he didn't want to support anti-trans stuff, he just wanted to protect the interest of the ultra wealthy! www.theburnerseattle.com/post/archie-...
theburnerseattle.com
Archie McPhee Owner Didn't Mean To Fund Anti-Trans Initiative — Just To Protect The Interests Of The Ultra Wealthy
Seattle internet enjoyers proclaimed over the weekend they would find a new quirky establishment from which to buy their rubber chickens when several viral posts exposed that the owner of novelty shop...
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barleybap but she's dressed as a skeleton @barleybap.bsky.social · 21/09/2026
Batman: TAS implies the existence of Batman: Any%.
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David Roberts @volts.wtf · 21/09/2026
If one of the "rewards" of affluence is that you get to opt out of the services everyone else uses -- roads & transit, aviation system, schools, healthcare, etc. -- then those services are inevitably starved of resources & decline. We have to force affluent people to be invested in them.
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David Roberts @volts.wtf · 21/09/2026
Agree with this & I'd broaden it: as income inequality increases, the affluent class increasingly strains to free itself of public services. Those services suffer & the flywheel accelerates. Only way to stop is to say, for certain things, no: you have to use the same shit as us.
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Mar Hicks @histoftech.bsky.social · 19/09/2026
Precisely this—the power attributed to technology makes it incredibly useful for laundering responsibility
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Annalee @flowerhorne.com · 19/09/2026
This is why I think it's so important to push back against the personification of LLMs. If a person shoots someone while wearing a hand puppet, they can't claim the hand puppet did the murder.
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Dave Karpf @davekarpf.bsky.social · 18/09/2026
This is the type of AI disaster scenario that I ACTUALLY worry about. (1) AI industry oversells the capabilities of its products to score fat government contracts. (2) govt puts the AI in charge of critical shit. (3) AI fucks up, because it has a nonzero error rate. (4) shit, now we’re at war.
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David Roberts @volts.wtf · 18/09/2026
I love this slide. I really don't think the geopolitical implications of the clean energy transition have sunk in for most people.
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Michael Hobbes @michaelhobbes.bsky.social · 17/09/2026
Weird, she ‘moderated’ on trans rights and yet her opponent is still calling her a deranged leftist SJW. If only there was some kind of precedent for this so it could have been predicted in advance.
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🗽LOLGOP🗽 @lolgop.bsky.social · 17/09/2026
Let's say this triggers the mercy rule. If you can't find someone to lead an federal agency in exactly ten years, it's instantly abolished.
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WOR$T GIRL IN ACADEMIA @medievaliste.bsky.social · 17/09/2026
Once again, the median pay for an adjunct professor in the United States of America is $3,500 per course. Not per month, per course.
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psudonym @psudonym.bsky.social · 17/09/2026
"People are saying" doesn't count as news.
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David Roberts @volts.wtf · 17/09/2026
We really can't let ourselves get accustomed to this. He's telling the people of NC that he's going to let them die if they don't vote how he wants.
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Kevin M. Kruse @kevinmkruse.bsky.social · 15/09/2026
One of the coolest things about people who don't have a lot of power taking a principled stand is it lays bare the complete cowardice of the ones who actually *do* have power when they fail to do even a fraction as much.
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Michael McDonald @electproject.bsky.social · 15/09/2026
As it is National Voter Registration Day it is time for my screed against voter registration. Register and check your registration, but get mad knowing that someone requires you to do this busy work because they don't want you to vote
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Gail Simone @gailsimone.bsky.social · 15/09/2026
This is a true thing I do. In my head, to amuse myself when I am bored, I write a version of Lord of the Rings where Gandalf sends Red Sonja to watch over Frodo instead of Strider. Not kidding, I have been writing this in my head for over a decade. She also falls hard for Arwen.
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Old Hobbes 🔜 Private Practice @hobbesq.bolasgang.com · 15/09/2026
We need this in these dark times
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The Needling @theneedling.com · 09/09/2026
Google Maps Shrugs, Renames Lake Union to Lake Confederacy: tinyurl.com/54sx3nm
Google Map of Seattle showing Lake Union renamed to Lake Confederacy
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HeckinHound🔞 @heckinhound.bsky.social · 15/09/2026
This thread sums up my feelings on the Democratic Party pretty damn well. If we're constantly forced to settle for the "lesser of two evils", then evil is the best thing we'll ever get. Our country deserves better. And the only way the politicians will do better if we force them too.
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David M. Perry @lollardfish.bsky.social · 15/09/2026
reminder if I can't tell if you're trying to be funny or if you're an asshole, I'll just block. And then repost this even though it's too late to do you any good. whatever.scalzi.com/2010/06/16/t...
whatever.scalzi.com
The Failure Mode of Clever
So, apropos of nothing in particular, let’s say you wish to communicate privately with someone you’ve not communicated with privately before, for whatever reason you might have. And, wa…
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Gabe Ortíz @tusk81.bsky.social · 14/09/2026
“ICE agents were caught on video pulling one teen from the car and punching him repeatedly in the face while he lay on the ground. The other teen, Luis Ochoa, said he informed the ICE agents he was a citizen but was told, ‘I don’t give a damn.… Your parents can’t help you now.’”
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merr-itt came from outer space @merrittk.com · 14/09/2026
truly believe this is happening to a lot of people who don't even realize it, they're sliding rightward by virtue of having heinous shit normalized for them everyday on there
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Gillian Brockell @gillianbrockell.com · 14/09/2026
@attackerman.bsky.social reported on the Amnesty report at the time, and astutely compared it to the torture boxes at Gitmo, where Ron DeSantis, as a young military lawyer, oversaw the torture. So once again, mainstream media is months behind independent media. www.forever-wars.com/torture-tech...
forever-wars.com
Torture Techniques from CIA Black Sites Were Used at Alligator Alcatraz
Amnesty International, interviewing migrant detainees, identifies use of the confinement box. There can be no denying it is a torture prison
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Gillian Brockell @gillianbrockell.com · 14/09/2026
One of the incredible ironies of this era is that the journalists with the least resources to fight malicious prosecution by the gov't are the ones telling the most truth about the camps. And the ones with the most resources and teams of lawyers on staff...are not.
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