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Chris Faricy

@faricy.bsky.social
1.7K followers 941 following 198 posts

Director, Campbell Public Affairs Institute at Syracuse University. Detroiter, Midwestern dad. Michigan & UNC alum. Author of Welfare for the Wealthy and Other Side of the Coin. Opinions are my own.

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Reposted by Chris Faricy
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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Chris Faricy @faricy.bsky.social · 10h
The night sky in the Adirondacks.
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Abdul El-Sayed @abdulelsayed.bsky.social · 12/09/2026
GO BLUE!
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Bill Grueskin @bgrueskin.bsky.social · 28/08/2026
US media: Why in the world are people voting for democratic socialists? Financial Times: “US corporate profits have hit a record high while workers’ slice of the pie has sunk to historic lows.”
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Michael Shepherd @mshepruralpolitics.bsky.social · 20/08/2026
💥 My book Rural Pain, Republican Gain is officially released today!! 💥 The book is an outgrowth of my dissertation work that I started in 2016. Indescribable feeling to be able to hold it in book form just under a decade later. press.uchicago.edu/ucp/books/bo...
press.uchicago.edu
Rural Pain, Republican Gain
An eye-opening look at how Republican policies have affected health outcomes in rural communities and why poor, rural white voters are turning to the Republican Party—not despite this harm, but becaus...
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Chris Faricy @faricy.bsky.social · 18/08/2026
we provide evidence that policy preferences are shaped by rewarding “deserving” ingroups while punishing “undeserving” outgroups. A politics polarized on identity is also polarized along the dimension of who government is meant to serve.
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Chris Faricy @faricy.bsky.social · 18/08/2026
Ellis and Faricy write: “partisans temper ideological commitments in favor of rewarding copartisans. Democrats become more supportive of business tax cuts or school vouchers when the benefits accrue to ingroups, while Republicans temper a desire to cut spending if the spending is on ingroups.”
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Chris Faricy @faricy.bsky.social · 18/08/2026
"Second, when asked to rate different groups in terms of two dimensions – selfish/selfless and lazy/hardworking – Democrats and Republicans tended to rate groups more favorably depending on their presumed partisanship."
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Chris Faricy @faricy.bsky.social · 18/08/2026
"First, people make judgments about partisanship on the basis of simple demographic information."
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Chris Faricy @faricy.bsky.social · 18/08/2026
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Michael Shepherd @mshepruralpolitics.bsky.social · 18/08/2026
My book Rural Pain, Republican Gain published by @uchicagopress.bsky.social is officially released this Thursday!! If you’re in the DC area, come celebrate the launch at Politics and Prose where I’ll be in conversation with the brilliant @marciabrown.bsky.social from Politico!
Politics and Prose poster for Rural Pain, Republican Gain book event. Thursday August 20th at 7pm.
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Chris Faricy @faricy.bsky.social · 17/08/2026
In an era of identity politics, how do voters decide who is deserving of government assistance? @goodauth.bsky.social has a helpful summary of our new article on deservingness in American Politics. Our book 'Deserving Americans' is coming soon with @uchicagopress.bsky.social . disq.us/t/58krn06
disq.us
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Chris Faricy @faricy.bsky.social · 18/08/2026
we provide evidence that policy preferences are shaped by rewarding “deserving” ingroups while punishing “undeserving” outgroups. A politics polarized on identity is also polarized along the dimension of who government is meant to serve.
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Chris Faricy @faricy.bsky.social · 18/08/2026
Ellis and Faricy write: “partisans temper ideological commitments in favor of rewarding copartisans. Democrats become more supportive of business tax cuts or school vouchers when the benefits accrue to ingroups, while Republicans temper a desire to cut spending if the spending is on ingroups.”
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Chris Faricy @faricy.bsky.social · 18/08/2026
"they asked people about their support for different policies. Each policy was either conservative (e.g. tax cuts) or liberal (e.g. college tuition aid). Each policy was also framed in terms of benefits for a group that would be considered more Democratic or a group considered more Republican."
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Chris Faricy @faricy.bsky.social · 18/08/2026
"Second, when asked to rate different groups in terms of two dimensions – selfish/selfless and lazy/hardworking – Democrats and Republicans tended to rate groups more favorably depending on their presumed partisanship."
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Chris Faricy @faricy.bsky.social · 18/08/2026
"First, people make judgments about partisanship on the basis of simple demographic information."
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Chris Faricy @faricy.bsky.social · 18/08/2026
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Chris Faricy @faricy.bsky.social · 17/08/2026
The Fall semester officially begins when you hear the marching band practicing on the quad.
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Chris Faricy @faricy.bsky.social · 17/08/2026
In an era of identity politics, how do voters decide who is deserving of government assistance? @goodauth.bsky.social has a helpful summary of our new article on deservingness in American Politics. Our book 'Deserving Americans' is coming soon with @uchicagopress.bsky.social . disq.us/t/58krn06
disq.us
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Chris Faricy @faricy.bsky.social · 31/07/2026
Congrats Emily, this looks fantastic!
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Chris Faricy @faricy.bsky.social · 28/07/2026
We asked partisans to rate these groups as hardworking or lazy, selfless or selfish. Across nearly all groups and both traits, Democrats rate Democratic-leaning groups as more deserving and Republicans do the same for Republican ingroups. Partisan identity shapes who counts as deserving. 4/
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Chris Faricy @faricy.bsky.social · 28/07/2026
We find that the public's map of which groups are Democrats or Republicans is largely accurate: minorities, women, and atheists read as Democratic; whites, men, and evangelicals as Republican. Voters find it easier to recall these group ties than the parties' policy positions. 3/
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Chris Faricy @faricy.bsky.social · 28/07/2026
Who counts as deserving? the deserving work hard, play by the rules, and are needy by circumstance; the undeserving are lazy and cause their own hardship. The criteria are universal — but which groups fit them is determined by partisan identity. 2/ rdcu.be/fvFgt
rdcu.be
Partisanship and the Social Construction of Deservingness in the United States
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Chris Faricy @faricy.bsky.social · 27/07/2026
Congrats! Can't wait to read this and the book!
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Chris Faricy @faricy.bsky.social · 24/07/2026
Congratulations!!!
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Michael Shepherd @mshepruralpolitics.bsky.social · 16/07/2026
🚨New Book Alert 🚨 Thrilled to announce the publication of my first book: Rural Pain, Republican Gain by @uchicagopress.bsky.social ‼️ Officially released in one month but at the warehouse and ready to ship to you and yours! press.uchicago.edu/ucp/books/bo...
press.uchicago.edu
Rural Pain, Republican Gain
An eye-opening look at how Republican policies have affected health outcomes in rural communities and why poor, rural white voters are turning to the Republican Party—not despite this harm, but becaus...
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Chris Faricy @faricy.bsky.social · 22/07/2026
Congrats Michael, can’t wait to read your book!
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Chris Faricy @faricy.bsky.social · 17/07/2026
Agreed. It’s great!
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Standplaats Kraków could really use some cash! @standplaatskrk.pl · 17/07/2026
screenshot from the 1979 film Apocalypse Now against a background of thick yellow smoke. A shirtless Lieutenant Colonel Bill Kilgore wearing a black cavalry hat crouches in the center among soldiers. White subtitled text across the bottom reads: "I love the smell of Canada in the morning."
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Chris Faricy @faricy.bsky.social · 07/07/2026
we could have lost to Belgium 4-1 without Belogun
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Verasight @verasight.io · 10/06/2026
Congrats to Christopher Faricy (@faricy.bsky.social) and Christopher Ellis on a Policy Studies Journal article, published with Verasight survey data. Whether a program warms people to it depends on partisanship and who their party sees as deserving. doi.org/10.1111/psj.70110
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Chris Faricy @faricy.bsky.social · 24/04/2026
Congrats Brooke so glad to see this in print!!!
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Gabriel Zucman @gabrielzucman.bsky.social · 13/02/2026
In bookstores in the UK on May 21 Very much looking forward to this
We Need to Tax Billionaires -- Gabriel Zucman
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Chris Faricy @faricy.bsky.social · 12/02/2026
It was really beautiful, so emotional.
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Chris Faricy @faricy.bsky.social · 12/02/2026
My postdoc is starting a new job, one of my students defended his PhD and his mom and grandmother came to the defense and another student has his first fly out. The kids are alright.
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Chris Faricy @faricy.bsky.social · 12/02/2026
Truth
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Chris Faricy @faricy.bsky.social · 11/02/2026
Congrats! Can't wait to read it.
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Chris Faricy @faricy.bsky.social · 08/02/2026
Go Heels!
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Chris Faricy @faricy.bsky.social · 29/01/2026
In an age of partisan polarization, this is an incredibly low approval.
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Barack Obama @barackobama.bsky.social · 25/01/2026
The killing of Alex Pretti is a heartbreaking tragedy. It should also be a wake-up call to every American, regardless of party, that many of our core values as a nation are increasingly under assault.
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Aaron Stewart-Ahn @badideas.bsky.social · 25/01/2026
A video of Alex Pretti reading out the final salute of an unnamed veteran he cared for until the end of his life in the ICU, posted to Facebook by his son.
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Adam Bonica @adambonica.bsky.social · 12/01/2026
If there's one empirical insight I'd want everyone to understand about American politics, it's this: America's problems are solved problems. Just not here. What would change if the US simply matched the average of 31 peer democracies? Not Denmark or Norway. Just the middle of the pack. 🧵
Screenshot of a data visualization titled “The Cost of American Exceptionalism,” subtitled “What would change if the U.S. matched the OECD average?” The page explains that each card shows how outcomes would change if the U.S. matched the average of 31 peer democracies. Below, a section labeled “Economy & Inequality” displays eight cards comparing U.S. figures to OECD averages. Highlights include: +$19K per household per year in redistributed income and +$96K in redistributed wealth if the top 1% matched OECD shares; a 71% lower CEO-to-worker pay ratio (from 354× to 101×); 50 million more workers with union coverage; 26 million more people with health insurance; $2.1 trillion saved annually in healthcare spending; $691 less per person per year in prescription drug costs; and intergenerational economic mobility being twice as high. Each card shows the U.S. value alongside the OECD average.
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Lily Mason @lilymasonphd.bsky.social · 16/12/2025
New post-doc position working with me in a new lab at @snfagora.bsky.social ! It's one year appointment, renewable for up to 5 years. The position includes data analysis and independent research, mentorship of lab members, and participation in SNF Agora Institute life. apply.interfolio.com/178796
apply.interfolio.com
Apply - Interfolio {{$ctrl.$state.data.pageTitle}} - Apply - Interfolio
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Adam Bonica @adambonica.bsky.social · 20/11/2025
Hungary’s Orban seemed undefeatable a year ago. Then Peter Magyar broke through with a powerful anti-corruption platform, rapidly consolidated the fractured opposition, and now leads Fidesz comfortably. Anti-corruption defeats authoritarianism worldwide. It will work here, too.​​​​​​​​​​​​​​​​
Hungarian polling trends 2023-2026 showing Fidesz (orange line) declining from ~55% to ~40% while TISZA party (dark red line) rises from near 0% in early 2024 to ~44% by late 2025, surpassing Fidesz. Other opposition parties (DK, MM, Jobbik, etc.) remain below 10% throughout the period.​​​​​​​​​​​​​​​​
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Chris Faricy @faricy.bsky.social · 20/11/2025
I remember the 2004 election and what a gut punch that night felt like, and I never thought I would live long enough to see Dick Cheney and Condoleezza Rice canceled by GOP elites.
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Chris Faricy @faricy.bsky.social · 05/11/2025
The big winner last night was the thermostatic model. Undefeated
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G Elliott Morris @gelliottmorris.com · 19/10/2025
Good evening. We estimate that between 4.2 and 7.6 million people turned out for the No Kings Day demonstrations held around the country on Saturday. This makes Oct 18 very likely the biggest single-day U.S. protest event since 1970. www.gelliottmorris.com/p/second-no-...
gelliottmorris.com
Second "No Kings Day" protests likely the largest single-day political demonstration since 1970, with 4.2-7.6 million participants
Here are the initial results from our crowdsourced crowd-counting estimates
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Taniel @taniel.bsky.social · 19/10/2025
“likely the largest single-day political demonstration since 1970” www.gelliottmorris.com/p/second-no-...
gelliottmorris.com
Second "No Kings Day" protests likely the largest single-day political demonstration since 1970, with 4.2-7.6 million participants
Here are the initial results from our crowdsourced crowd-counting estimates
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Chris Faricy @faricy.bsky.social · 15/10/2025
Congrats Jamelle!
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