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Erstwild

@erstwild.bsky.social
261 followers 261 following 522 posts

Amateur ersatz dilettante.

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Reposted by Erstwild
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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🦋💔🇺🇸SEB🇺🇸💔🦋 @sebastiangarof5.bsky.social · 10/10/2026
F_ck ICE
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darren32359.bsky.social @darren32359.bsky.social · 10/10/2026
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KittyKatGirl😻🙏💞🐞 @mary1kathy.bsky.social · 07/10/2026
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Robert Reich @rbreich.bsky.social · 05/10/2026
In Austin, a 9-year-old watched ICE detain and drive away with his mother, leaving community members to scramble to find him care. Senate Republicans just blocked a bill that would bar ICE from making arrests at school bus stops. Their cruelty is endless.
commondreams.org
'It Has to Stop': Community Members Condemn ICE Arrests at Bus Stops After GOP Blocks Bill to Protect Kids | Common Dreams
Republicans in the US Senate blocked a bill to protect school bus stops from ICE arrests, leading to outrage in Pennsylv
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Miaganga @miaganga.bsky.social · 05/10/2026
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ProPublica @propublica.org · 06/10/2026
NEW: The Trump administration keeps denying and downplaying that immigration agents have been detaining Americans. It’s wrong. We’ve found more than 500 U.S. citizens have been held against their will, including handcuffed or held at gunpoint.
projects.propublica.org
More Than 500 U.S. Citizens Have Been Detained, Including Handcuffed or Held at Gunpoint, in Trump’s Immigration Crackdown — ProPublica
The government doesn’t track how often immigration officers detain U.S. citizens. So ProPublica did. We’ve found more than 500 Americans who were held against their will during this Trump administrati...
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Stella @capestells.bsky.social · 03/10/2026
These dont even look like ICE This looks like a kidnapping.
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Stella @capestells.bsky.social · 03/10/2026
No badges. No ID. No vests. Cheap disposable face masks. Street clothes. They kidnapped her. These three boys kidnapped this woman. What happened to her. Where is she. Was she taken and raped? Murdered? People need to start standing up to this.
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Seth Abramson @sethabramson.bsky.social · 03/10/2026
You've been had, MAGAs.
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Miaganga @miaganga.bsky.social · 30/09/2026
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bythepeople1863.bsky.social @bythepeople1863.bsky.social · 30/09/2026
The gist of the Jack Smith hearing was that Republicans will fabricate evidence to entrap opponents and they were upset that Jack Smith had the audacity to investigate Republicans in Congress for possibly abetting Trump's 1/6 insurrection, in other words for doing his job.
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Robert Reich @rbreich.bsky.social · 29/09/2026
"Government by organized money is just as dangerous as Government by organized mob." —FDR, 1936 www.nytimes.com/interactive/...
nytimes.com
How A.I. Super PACs Are Trying to Influence the Midterms
See how groups aligned with Anthropic and OpenAI have funneled major money into the fight for control of Congress.
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The Washington Post @washingtonpost.com · 29/09/2026
A bipartisan effort to ban the demolition of presidential memorials — including the Kennedy Center — was blocked Monday night in the Senate by an objection from Sen. Mike Lee (R-Utah).
washingtonpost.com
GOP senator blocks bill to stop Trump from demolishing Kennedy Center
The bipartisan effort to ban the demolition of presidential memorials was thwarted in the Senate by an objection from Sen. Mike Lee (R-Utah).
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Morgan Leigh Davies @mldavies.bsky.social · 29/09/2026
With alt text. The Hague is too kind a destination for Miller. Hell is too cold. I utterly despair for that children.
Katie Rogers
@katierogers
X.com
"Would you like to request voluntary departure, or should I issue a removal order?" The judge asked.
"I don't know," Angel, 13, replied before bursting into tears. He stared ahead stoically and continued to cry, eventually saying: "I have no one. I have nothing."

Embedded tweet:
Priscilla Alvarez @priscialva • 5h
NEW: In a Texas courtroom Monday, 25 migrant children lined the pews - a 9yo rested her head on the table, a 6yo pretended to fly an airplane, and a 3yo played with the mic. Many in attendance didn't have an attorney — and a 13yo was ordered removed. A look inside, thru sketches.

Over courtroom sketch
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Adam Kinzinger @adamkinzinger.substack.com · 27/09/2026
This admin has spent years going after science. It proposed the largest cut in NASA’s history, about a quarter of the agency and half of its science programs. But last month, a groundbreaking telescope left the launch pad anyway. And the story of how it got there is our good news this Sunday.
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Jared Yates Sexton @jysexton.bsky.social · 26/09/2026
Just helping with editing here. These bots aren’t sentient. They’re doing what they’re programmed to do. OpenAI, a private company supposedly bound by laws, committed federal crimes.
Screenshot of BBC article: OpenAI bots (struck through) meddled with multiple US government agency sites
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Arabella @arabellaspireship.bsky.social · 27/09/2026
Allowing a convicted rapist to be president of America—the highest office in the land, with a special immunity bestowed by the Supreme Court that lifts him above the law and his existing criminal convictions— is tantamount to decriminalizing rape for all American men. They know this.
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Spooky Back From The Dead Lazarus @jlazarus.bsky.social · 25/09/2026
This is Nazi rhetoric. Not similar. Not Nazi-like. It’s straight up lebensraum.
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🌬Breeze @cool-summer-breeze.bsky.social · 24/09/2026
This is the Stolen Neighbors Quilt. Each of the 11,000 squares represents a person taken by ICE in Minnesota.
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Robert Reich @rbreich.bsky.social · 23/09/2026
ICE is removing detainees with final deportation orders from its online tracking system. This makes it nearly impossible for their lawyers and families to contact them, which could prevent them from using all their constitutionally protected legal options. Trump’s cruelty is endless.
washingtonpost.com
Immigrants with final deportation orders disappear from ICE detainee locator
The change will make it harder for many families and attorneys to determine where an immigrant is being held after being
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Erstwild @erstwild.bsky.social · 23/09/2026
Oh. Of course Utah approved a new gravel pit in Parley's Canyon.
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Greg Sargent @gregsargent.bsky.social · 23/09/2026
Awful: Trump's Office of "Remigration" has just been exposed making sordid payments to authoritarian governments to take third-country deportees, leading to serious abuses. Dems tell me they will try to defund the agency if they win power. They should. 1/ New piece: newrepublic.com/article/2157...
newrepublic.com
Stephen Miller’s MAGA Terror Campaign Exposed by Damning New Leaks
Sordid revelations about the white-nationalist-themed Office of Remigration should galvanize Democrats: If they win power, they must try to shut it down.
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Erin Lockwood @erinkaylockwood.bsky.social · 23/09/2026
This is human trafficking on a massive scale.
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Trending Finance @trending-finance.bsky.social · 21/09/2026
$11M greenlights Ohio forest fracking. #econsky
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Anne Applebaum @anneapplebaum.wsocial.eu · 19/09/2026
The Kennedy Center was financially stable until Trump took over: "In the fiscal year ending in 2024, when the center was led by President Deborah Rutter and a bipartisan board of trustees, it brought in about $40 million more than it spent" www.theatlantic.com/culture/2026...
theatlantic.com
What the Kennedy Center’s Tax Return Reveals
A previously unseen filing captures the state of the institution seven months after Donald Trump’s takeover.
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Norm Eisen @normeisen.bsky.social · 17/09/2026
BREAKING: We have updated the Court with the latest developments in Trump's apparent moves to demolish the Kennedy Center  The EXISTING INJUNCTION prevents demolition The Court has ordered the government to say what the hell it is doing by 10 AM @repbeatty.bsky.social, DDA & WLG will fight this!
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MinimumWageMan @minimumwageman.bsky.social · 17/09/2026
I can not argue with this.
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jamelle @jamellebouie.net · 15/09/2026
“trump will destroy everything he cannot own in perpetuity” is one reason i am filled with dread over 2028
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Erstwild @erstwild.bsky.social · 15/09/2026
McConnell has entered his Jeremy Bentham's corpse era where we wheel him out for ceremonial purposes. Present but not voting.
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jamelle @jamellebouie.net · 15/09/2026
if donald trump stole the constitution from the national archives and torched it on the white house lawn those two would say that clearly the president has the authority to do so
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ProPublica @propublica.org · 14/09/2026
Defense Secretary Pete Hegseth, who derides rules of engagement as “woke,” gutted the civilian harm reduction program over the objections of top military commanders, ProPublica previously reported. Staff plunged from nearly 200 to about two dozen.
propublica.org
Empty Seat: U.S. Absent as Western Powers Meet on Wartime Protections for Civilians
A multinational group meets this week at NATO headquarters in Belgium to discuss protections for civilians during combat. Even though the U.S. co-founded this effort, no American delegation will be in...
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Catherine Rampell @crampell.bsky.social · 10/09/2026
Since becoming president again, Trump has promised: -$5000 stimulus checks via "DOGE dividend" -$2000 stimulus checks via "tariff dividend" -$1000+ checks via "savings" from expiring ACA subsidies -$5000 "dividend" if Rs win midterms No checks have been issued www.thebulwark.com/p/trump-magi...
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A Word @loquentia.bsky.social · 07/09/2026
I still cannot shake the feeling that this "meat" correlates with trump's order to slaughter 3,700 horses followed by spraying Roundup in new growth National forests where they once roamed. www.yahoo.com/news/us/arti...
yahoo.com
Trump Admin Enabling the Systematic Slaughtering of Thousands of Wild Horses
Young horses are being sent "into the slaughter pipeline."
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Stay-At-Home Cat Mom🍀☮🤘💖🐈‍⬛🐈8647 @kimberleelynn.bsky.social · 07/09/2026
SERIOUSLY UNCOVERED in the media, this particular destruction of DC.
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Saganism @sagan.bsky.social · 07/09/2026
“There are three stages in scientific discovery: first, people deny that it is true; then they deny that it is important; finally they credit the wrong person.” — Bill Bryson
A portrait of Bill Bryson, a smiling older man with a white beard and glasses in a dark fleece, standing among sunlit green trees.
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Erstwild @erstwild.bsky.social · 07/09/2026
Just a reminder with the current employment report that has very rosy numbers. July's report was revised upward and Aug is looking amazing. The rebound is surprising & much greater than expected and and I'm sure it's totally a coincidence that the Fed is considering to cut interest rates in Sept.
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pissed-off-g.bsky.social @pissed-off-g.bsky.social · 04/09/2026
This guy needs to go ASAP...
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MeidasTouch @meidastouch.com · 03/09/2026
A couple days ago, Mike Johnson mocked Thomas Massie for suggesting House leadership could keep Congress out to avoid the new Epstein Files Transparency Act, calling the idea “stupid” and “nonsensical.” Now he has canceled the final two weeks of September.
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The Rundown @therundowntvo.bsky.social · 02/09/2026
"Today it’s Lake America, but tomorrow the propaganda coming from south of the border could be both more serious and insidious, and the actions of Google, Apple and other companies show plainly that they will not be on our side." —  @jm-mcgrath.bsky.social
tvo.org
ANALYSIS: 'Lake America' makes one thing clear: we can’t trust U.S. tech companies | TVO Today
The president’s decree is dumb. Why is anyone going along with it?
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Miaganga @miaganga.bsky.social · 02/09/2026
Never forget how it started.☠️
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Newshound411 @newshound411.bsky.social · 02/09/2026
It’s corruption on steroids in plain sight. He doesn’t even try to hide that he’s looting US and cashing in on insider trading. He’s the most corrupt president in American history.
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ℝ𝕖𝕓𝕖𝕝𝕓𝕝𝕦𝕖 @rebelb1ue.bsky.social · 02/09/2026
So, did the whole country just stop talking about the fact that Mitch McConnell is dead and the GOP is still covering it up?
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Forbes @forbes.com · 31/08/2026
The court will hear oral arguments as part of a dispute over whether fossil fuel companies can be held liable for their role in exacerbating climate change.
forbes.com
Samuel Alito Holds More Than $175,000 In Fossil Fuel Investments Ahead Of Hearing Exxon Case, Disclosure Shows
The court will hear oral arguments as part of a dispute over whether fossil fuel companies can be held liable for their role in exacerbating climate change.
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Will Stancil @whstancil.bsky.social · 01/09/2026
The correct Democratic position on every issue is “I will undo everything Donald Trump has done, I will destroy everything he has built, and I will impose consequences on him and everyone who helped him do it.” No negotiation. Rip it all down.
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Robert Reich @rbreich.bsky.social · 31/08/2026
This is how our government has been corrupted: 1) Donors give huge sums to elect politicians to office 2) Elected officials rewrite rules in the donors' favor 3) Donors make huge profit 4) Repeat We must get big money out of politics. It is the root of our dysfunction.
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Erstwild @erstwild.bsky.social · 30/08/2026
You know he's just itching to rename New Mexico.
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루런 řüĺĕň @rulen613.bsky.social · 26/08/2026
We've decided 9-25 is Dolly's day. We have a month to prepare, and to make this a National if not Global celebration of the best of humanity. Repeat, share, and prepare! Organize a block-party, write a poem, buy some books, sing some music...come together and be good to each other for a day!
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