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fancyfern.bsky.social

@fancyfern.bsky.social
161 followers 607 following 73 posts

Dog lover, artist, hoping we get through this

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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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🗽LOLGOP🗽 @lolgop.bsky.social · 09/10/2026
I ask again, why are national Dems letting Elon "quietly" fund these races? We have two test cases. 2024 when Dems didn't make his money an issue. And 2025 Wisconsin, where they did. Guess which time they won by double digits?
wired.com
Elon Musk’s America PAC Is Quietly Funding November’s Most Consequential Elections
America PAC’s approach has been unusual: for every dollar it has spent supporting GOP Senate candidates, it has spent almost three dollars attacking Democrats.
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Mark Copelovitch @mcopelov.bsky.social · 09/10/2026
Again, you (& I) live in a country where there are concentration camps & people are being disappeared. We can argue about what exactly to call this particular form of partially autocratic political regime, but it’s not a full democracy.
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Jonathan Cohn @jonathancohn.bsky.social · 08/10/2026
Come 2028, remember that Gavin Newsom helped Trump's oligarch friends buy CNN. prospect.org/2026/10/08/d...
prospect.org
The Democrats Who Let Trump’s Oligarchs Buy Hollywood - The American Prospect
The Ellisons enlisted a host of Democratic notables to undercut the proposed merger’s opponents.
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Robert Reich @rbreich.bsky.social · 06/10/2026
The richest man owns X. The second richest man owns The Washington Post. The third and fifth richest men control Google. The sixth richest man owns Facebook, Instagram, and WhatsApp. And the eighth richest man now owns both Paramount and Warner Bros. See the problem here?
bbc.com
Paramount takes over Warner Bros in $110bn Hollywood merger
The merger of two of Hollywood's biggest movie studios comes after months of legal disputes and concern over competition
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Mark Copelovitch @mcopelov.bsky.social · 04/10/2026
No could possibly have predicted that Trump calling Democrats “sons of bitches” would not be on today’s front page of the NYT, & Jake Tapper would be platforming Kevin Hassett to lie with impunity on the Sunday shows. 🧐🤷‍♂️🤦‍♂️
NYT front page 10/4Hassett and Tapper on CNN today
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Mark Copelovitch @mcopelov.bsky.social · 03/10/2026
If the lessons Democrats (& democrats) draw from DOGE is “right idea, wrong implementation,” we are doomed. Everyone involved in the unprecedented crime that was DOGE needs to go to jail forever, & Democrats need to rebuild all of the programs & agencies first, not do digital management consulting 🤦‍♂️
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Don Moynihan @donmoyn.bsky.social · 02/10/2026
The President is unable to stay awake during Oval Office press conferences
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Ben Werdmuller @werd.io · 30/09/2026
"Trump's new AI website confirms he lost the 2020 election." I just don't care. Children are being deported, alone, without due process. People are being held in terrible conditions. Protesters are being shot. Protections are being eradicated. Wars are being waged. Elections undermined.
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darth™️ @darthbluesky.bsky.social · 28/09/2026
an odd moment was the president posting an image wearing one glove and posing with xi, a photoshopped blonde woman, and a row of droids the president running an overtly political campaign ad paid for by the us government is a sign of blatant corruption and disregard for the rule of law
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Alex Gibney @alexgibneyfilm.bsky.social · 24/09/2026
The trailer for my new film, "Musk," has just been released.
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Kevin M. Kruse @kevinmkruse.bsky.social · 23/09/2026
I just lectured about the WPA this morning and it is absolutely a model we need to bring back, for this purpose and others too.
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Karl Bode @karlbode.com · 23/09/2026
golly it's almost as if these right wing oligarchs are collaboratively dismantling systems designed to ensure informed electoral consensus
semafor.com
Exclusive: Paramount weighs tapping Musk for equity investment
A cash injection from SpaceX billionaire Elon Musk could reduce investor Larry Ellison’s financial burden and bolster the deal’s investor base.
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Mother Jones @motherjones.com · 19/09/2026
The agency is easing climate rules for power plants while testing water for mifepristone.
motherjones.com
The EPA would rather monitor abortion pills in water than pollution
The agency is easing climate rules for power plants while testing water for mifepristone.
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Karl Bode @karlbode.com · 17/09/2026
it is not "acting out" it is doing exactly what it's being programmed to do, and the failures come because it's being overseen by incompetent people with no ethics
gizmodo.com
'Be Transparent Only If Asked': OpenAI Models Acted Out in Six Newly Disclosed Ways
The stories were published as part of OpenAI's new effort to disclose more such incidents.
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fancyfern.bsky.social @fancyfern.bsky.social · 16/09/2026
Aren’t we already watching it play out in real life?
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Seth Cotlar @sethcotlar.bsky.social · 16/09/2026
They can self-regulate, says the guy who shares a porn accountability app with his son.
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Mike Masnick @masnick.com · 11/09/2026
Just did a quick look around and I don't see very many headlines about the President of the US making people pledge allegiance to him personally while telling everyone to commit election fraud and "cheat like hell" to support his party. Seems like it should be a story?
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Charlie Angus @charlieangus104.bsky.social · 11/09/2026
You know who was at 9/11? Within an hour of the tower strike, Canadian firefighters were loading up gear to get to New York to help. In this photo: Ottawa crew - Brian Foley, Steve Carmichael, Gordie Thorpe and John Hamilton. You know who didn't show up? Donald Trump.
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Schooley @schooley.bsky.social · 08/09/2026
Musk just keeps confirming he knew exactly what he was doing by cutting off USAid in Africa.
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Robert Reich @rbreich.bsky.social · 05/09/2026
Increase in productivity since 1979: 93% Increase in hourly pay since 1979: 34% Just so happens that ~25% of workers were unionized in 1979. Today? 10%. As unions declined, the super-rich have taken a larger share of wealth generated by labor. We must build back union power.
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Hunter Walker @hunterw.bsky.social · 01/09/2026
The secretary of defense is bullying two random Canadian teenage girls who are working to better themselves. This is absolutely disgusting.
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Brendan Nyhan @brendannyhan.bsky.social · 30/08/2026
Grotesque
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Norm Eisen @normeisen.bsky.social · 25/08/2026
BREAKING: we just filed to STOP the new USPS rule on mail ballots The Court only held that the injunction came too early. Now we HAVE a final rule & we are litigating it @democracydefendersfund.org & @campaignlegal.org are proud to represent LULAC, Madison WI & Travis County TX
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Schuyler VanValkenburg @scvanvalkenburg.bsky.social · 25/08/2026
The SCC should reject the Dominion merger. It’s not right for our community. It’s not right for our energy bills. And it’s not right for Virginia’s control of its energy future.
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Allison Gill @muellershewrote.com · 23/08/2026
NEW: Hakeem Jeffries met with Kushner recently to discuss how democrats could work with the administration when we take the house back. We shouldn’t work with fascists, and I’d appreciate a leader who felt the same. www.nytimes.com/2026/08/23/u...
nytimes.com
Jeffries and Kushner Meet Privately as Midterm Attacks Fly
President Trump’s son-in-law and the man in line to be speaker of a Democratic-led House discussed how Democrats and the administration could work together.
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I Scare You Like Sound Dog @chadstanton.blacksky.app · 23/08/2026
It’s bad we need multiple studies demonstrating discrimination against entire classes of people isn’t the secret key to success.
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Jen Taub @jentaub.bsky.social · 17/08/2026
“A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health.” ysph.yale.edu/news-article...
ysph.yale.edu
Universal Health Coverage Could Save $1 Trillion and 114,000 Lives Every Year, Yale Study Projects
A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it
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Andrew Lokenauth | TheFinanceNewsletter.com @thefinancenewsletter.com · 13/08/2026
Poverty gets more expensive the longer you’re stuck in it. Can’t afford a credit card bill? Next month, pay the bill plus interest & late fees. Can’t afford a car repair? Later, pay for a bigger repair & missed work. Can’t afford a doctor visit? Later, pay an ER bill. Poverty charges interest.
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Perry Bacon @perrybaconjr.bsky.social · 14/08/2026
"Firms that kept their DEI policies or voted down anti-DEI shareholder resolutions did just as well financially, even after Trump’s executive order, as firms that didn’t." Important research @jakemgrumbach.bsky.social. www.theguardian.com/world/2026/a...
theguardian.com
US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
Exclusive: Companies that kept policies did just as well financially, even after Trump’s executive order, as those that didn’t
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fancyfern.bsky.social @fancyfern.bsky.social · 07/08/2026
Several Allen wrenches and scotch tape
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Kat Hartness @kathartness.bsky.social · 25/07/2026
@omgsidewalks

Unpopular opinion: The fact that they can quickly install data centers nationally means they could've been updating infrastructure which they claimed was too difficult and expensive.
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AllThingsDre @allthingsdre.bsky.social · 23/07/2026
This whole Taylor farms thing and all the food being infected with parasites. It's actually a very good example of why these conglomerants and monopolies shouldn't exist. You shouldn't be able to operate under one name and own 30 brands that do the exact same thing
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🗽LOLGOP🗽 @lolgop.bsky.social · 19/07/2026
There are at most 14 million undocumented people here right now. Doubling that is about deporting people who are undocumented parents. Timesing it by six/seven (six-seven!) is just a straight-up call to ethnically cleanse the United States based on genetics. And we now know what this looks like.
theredoubt.net
Exclusive: ICE eyes 1,000-bed detention facilities in foreign countries
The U.S. Department of Homeland Security is looking for private contractors that could help set up "international staging areas" abroad.
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Senator Ed Markey @markey.senate.gov · 18/07/2026
Today I made an unannounced visit to ICE’s facility in Scarborough, Maine. What I heard was unacceptable: no body cameras, no training, and no accountability. Johan Guerrero should be alive. Congress must act. Abolish ICE. End qualified immunity.
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Charlotte Clymer @charlotteclymer.bsky.social · 14/07/2026
It is not a great look that some senior Democratic leaders have had time to put out statements on social media about how much they'll miss Lindsey Graham but haven't had time to talk about these latest executions carried out by Trump's gestapo in American streets.
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Adam Serwer @adamserwer.bsky.social · 13/07/2026
Trump doesn’t force people to do bad things. All he did was show people they could get away with being horrible if they really wanted to, and a lot of powerful people decided they didn’t need to pretend anymore. Especially those in influential positions who could push back but did not.
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Christina Henderson @chenderson.bsky.social · 13/07/2026
I wish more journalists would point out that Sen. McConnell and Rep. Tom Kean (missed 4 months of work) are/were essentially on paid sick & medical leave. The same employment protection they’ve spent their careers blocking other Americans from having.
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Ryan Goodman @rgoodlaw.bsky.social · 10/07/2026
"The three men who were arrested during an immigration operation that resulted in the fatal shooting of Lorenzo Salgado Araujo said a federal officer fired at them almost immediately after exiting his vehicle and that at no point did the driver veer in his direction."
washingtonpost.com
Migrants who saw man killed by ICE in Houston say he did not ram officers
Three men who were in the vehicle alongside Lorenzo Salgado Araujo are contesting the Department of Homeland Security’s account of the fatal shooting.
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Qasim Rashid, Esq. @qasimrashid.com · 09/07/2026
Mitch McConnell hasn’t been seen or heard from in 25 days in the hospital. Yet he still has a job, still getting paid, and getting unlimited world class healthcare. The man who voted against a living wage, against universal healthcare, and against guaranteed paid leave, is now getting all three.
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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 09/07/2026
ICE is engaged in a very large escalation nationwide, with the agency claiming to be hitting record arrest numbers amid the return of quotas. This has gotten very little attention from the media because ICE learned lessons from the chaotic disasters of Kristi Noem’s tenure. Keep a watch.
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Karl Bode @karlbode.com · 08/07/2026
the final reckoning between AI hype and reality is upon us. buckle up.
karlbode.com
The AI Hype Reckoning Is Upon Us
The massive chasm between AI hype and reality is finally reaching the breaking point.
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Dave Vetter @davidrvetter.bsky.social · 05/07/2026
This might be the most blatant example in existence of "rich guy who created a problem attempting to place the blame for that problem on immigrants"
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Elizabeth Picciuto @epicciuto.bsky.social · 29/06/2026
OBAMACARE ENROLLEE: ahahaha I have decided to scam the government by paying thousands upon thousands to an insurance company and receiving nothing in return. But will Dr. Pillhawker see through my evil plans?
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Robert Reich @rbreich.bsky.social · 29/06/2026
Our independent federal regulatory agencies were created to protect the public from corporate harms. The only reason to end these protections is to give corporate America even higher profits by shifting the risks of harms to individual people. The shame of the John Roberts court.
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Gil Durán @gilduran.com · 26/06/2026
One old trick in politics is to oppose something possible while calling for something impossible. Example: Here's Gavin Newsom leading the charge for a "national billionaires tax" while he and his paid goons work to kill a state billionaire tax. This allows him to be on both sides for 2028.
Screenshot of Gavin Newsom email: When 10% of the people in this country own two-thirds of the wealth, when we have minted the first trillionaire in human history, and yet your wages have stagnated, and your healthcare costs have skyrocketed, something is fundamentally broken.

It's time for a national billionaires’ tax and a new social compact.
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Kyle Clark @kylec.bsky.social · 26/06/2026
Colorado Gov Jared Polis (D) released Tina Peters, saying she was remorseful despite obvious evidence to the contrary. “I do show remorse,” Peters said today. “The remorse is that people that should be in prison are not. That's my remorse.”
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Zeteo @zeteo.com · 26/06/2026
The Extreme Sentences Handed to Anti-ICE Protesters Should Terrify Us All "The sentences, ranging from 30-100 years, are part of an increasingly disturbing pattern of the Trump administration criminalizing speech and assembly." READ: zeteo.com/p/prairielan...
zeteo.com
The Extreme Sentences Handed to Anti-ICE Protesters Should Terrify Us All
The sentences, ranging from 30-100 years, are part of an increasingly disturbing pattern of the Trump administration criminalizing speech and assembly.
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jamelle @jamellebouie.net · 25/06/2026
genuinely crazy to watch these people freak out over what is essentially 21st century new dealism
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JB Pritzker @jbpritzker.bsky.social · 24/06/2026
Illinois expanded vote-by-mail because we believe voting should be easier, not harder. Now, Trump’s handpicked Postmaster General is threatening to withhold mail ballots unless states turn over voter rolls. That's not election security. It’s voter suppression.
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