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Positive Regression

@frapdoodler.bsky.social
230 followers 303 following 141 posts

Olympic hopeful

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Reposted by Positive Regression
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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Information Age @information-age.bsky.social · 06/10/2026
Some of Australia’s biggest data centre operators paid no tax in the 2024-25 financial year, despite reporting hundreds of millions or even billions of dollars in income as construction of new facilities accelerates across the country. Read more: ia.acs.org.au/article/2026...
ia.acs.org.au
The data centre giants paying no tax in Australia
ATO scrutinises the rapidly growing industry.
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Dan of the Year @downwithdan.bsky.social · 30/09/2026
When you have no concept of how people engage with music
nicksaraev ~
@nicksaraev
X.com
I am not joking when I say this.
Spotify, Apple Music, and streaming in general is over.
Al music is now very, very good. You just don't know yet because all Al music circulating today is from ~2-3 generations ago.
Suno v6 pro et al has solved infinite personalized music.
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Ketan Joshi @ketanjoshi.co · 27/09/2026
Happy ten year anniversary of the 2016 blackout in South Australia. I was told that as clean power grew in Aus, we'd see a blackout apocalypse. The chart below shows blackouts for generation shortfall as columns, and renewable proportion as a percent of the eastern grid. Enjoy :)
a chart showing blackout data for Australia
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Deepcut News @deepcutnews.bsky.social · 28/09/2026
This Labor government is the Ed Sheeran of Australian politics, @amyremeikis.bsky.social writes. "On every issue, Labor has done the least it can do." www.deepcutnews.com/p/this-labor...
deepcutnews.com
This Labor government is the Ed Sheeran of Australian politics – Amy Remeikis
There is more opportunity to push back against toxic centrism
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David Ho @davidho.bsky.social · 27/09/2026
The techbros don't want you to see this trailer. Pass it on.
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Greg Jericho @grogsgamut.bsky.social · 28/09/2026
If there is one thing the past 30 years or so of politics has taught us is that "Rhodes Scholar" does not mean much.
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Blair Palese @blairpalese.bsky.social · 24/09/2026
Looking at Aust hitting 80% clean #renewableenergy in the grid & 1/2 a million #EVs on the rd w/ a super El Niño summer coming & screaming #COAL & #GAS is the very definition of stupid! #auspol #liberals reneweconomy.com.au/coalition-vo...
reneweconomy.com.au
"Dumb and desperate:" Coalition panned after vowing to scrap renewable, EV and climate policies
Federal Coalition vows to detonate most of Australia's efforts to decarbonise "within 30 days" of winning power, including the advance of renewables and the emissions-curbing policy it introduced.
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Nicole Chvastek @nicolechvastek.bsky.social · 25/09/2026
www.theguardian.com/australia-ne... These are the pricks lecturing migrants and people in public housing on “Aussie values”
theguardian.com
One Nation admits using party funds to build $56,000 shed on James Ashby’s private property
Email to members says money lent to a party-linked company to establish a micro distillery
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Rex Patrick @mrrexpatrick.bsky.social · 21/09/2026
“There’s no avoiding the scale of our responsibility – or the cost of inaction,” says @albomp.bsky.social, the leader of a government that readily and repeatedly approves new, or extends exisiting, fossil fuel projects. 🤷‍♂️ 1/2 #duplicitous #climate #auspol
theguardian.com
No avoiding the cost of inaction on climate, Anthony Albanese says in New York
Before United Nations meeting, prime minister says Australians knows the impact of global heating as well as anyone
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headfallsoff @headfallsoff.com · 19/09/2026
people are always saying anti-AI arguments don’t understand the full nuances of the technology. which is correct. but only because it stole everyone’s work, exists solely to get you fired, has made the entire internet unusable and has been forced on everyone without consent
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Anne Applebaum @anneapplebaum.wsocial.eu · 14/09/2026
Your regular reminder: If the Russians stop fighting, the war ends. If the Ukrainians stop fighting, their land will be occupied, their leaders will be killed, their history and language will be erased, their children will be kidnapped to serve Russia.
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Ron Filipkowski @ronfilipkowski.bsky.social · 08/09/2026
This is what Trump did on 9/11.
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derek guy @dieworkwear.bsky.social · 06/09/2026
this is the kind of design costume designers make to tell you who are the bad guys in a space movie
Donald Trump posts an image on his Truth Social account. It shows a new uniform for US Space Force members, comprising of an all-black outfit with knee-high black leather boots, black cap, and minimalist looking suit.
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The Point @thepointau.bsky.social · 02/09/2026
Mr Briggs echoed numerous concerns heard throughout the inquiry that Australia is unlikely to ever see the three Virginia-class submarines it has been promised. Read the full piece on The Point: thepoint.com.au/new/260902-a...
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Jason Koebler @jasonkoebler.bsky.social · 17/08/2026
New: An "expert witness" in a $61 million lawsuit over an industrial explosion that killed three people and destroyed 200 homes used ChatGPT to write his report for the court. He prompted ChatGPT to "show how 3M is 0% at fault for the explosion at Watson Grinding" www.404media.co/show-how-3m-...
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Saganism @sagan.bsky.social · 14/08/2026
41 years ago, Carl Sagan gave a clear and elegant explanation of the science behind global warming.
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the Juice Media @thejuicemedia.com · 11/08/2026
Huge shout out to @ketanjoshi.co & @greenpeaceap.bsky.social who have done a shitton of top research on the relationship between Big Tech and Big Gas in Aus. Make sure to follow them + check out their Energy Vampires report, which informed a lot of this HGA: www.greenpeace.org.au/greenpeace-r...
greenpeace.org.au
Energy Vampires: the AI data centres draining Australia - Greenpeace Australia Pacific
The frenzied rollout of AI data centres in Australia is rushing through massive new projects, which will derail Australia’s energy transition unless the government urgently intervenes.
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the Juice Media @thejuicemedia.com · 11/08/2026
The Government™ has made an ad about Ai Data Centres, and it’s surprisingly honest and informative.
youtube.com
Honest Government Ad | Ai Data Centres
YouTube video by thejuicemedia
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Pup Fiction @pupfiction.bsky.social · 12/08/2026
Funny how when government's want to change a tax policy the media rhetoric is all about whether they have a mandate or not, but when it comes to things like AUKUS, approving data centres all over the place, and more laws intruding on our civil liberties, mandates are never mentioned #auspol
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The Verge @theverge.com · 10/08/2026
"In the place of problem-solving technology, companies have jumped on successive bandwagons like NFTs, the metaverse, and large language models. What these all have in common is that they are not built to really solve a market problem. They are built to make VCs and companies rich."
theverge.com
Silicon Valley has forgotten what normal people want
Did the tech industry get high on its own supply?
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Positive Regression @frapdoodler.bsky.social · 07/08/2026
💯 "The abdication of the ABC away from the people and into the arms of the narratives of power is a tragedy for Australia during such consequential times".
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Steven Beschloss @stevenbeschloss.bsky.social · 06/08/2026
The so-called president of the United States is a massive money launderer and cut off by the bank that discovered it. Yet the story barely registers with the legacy media. What a disgrace.
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George Monbiot @georgemonbiot.bsky.social · 05/08/2026
My column on how capital becomes a death cult. Faced with a choice between profit and human life, the radical right chooses profit. Then it tries to persuade us that mass death is what we want. It's the new phase of climate denial: accept your fate, earthlings. www.theguardian.com/commentisfre...
theguardian.com
Murderous heat, an endangered food supply, decimated landscapes: embrace the Mediterranean life | George Monbiot
As climate disaster stares us in the face, the radical right says ‘Embrace the Mediterranean life’. Embrace death, more like it, says Guardian columnist George Monbiot
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Katie Martin @katie0martin.ft.com · 29/07/2026
the non-pervert use cases for pervert glasses are just so *lame*. These things will literally never happen with pervert glasses, which are aimed pretty squarely, as we know, at perverts. www.meta.com/en-gb/blog/m...
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Amy Remeikis @amyremeikis.bsky.social · 30/07/2026
If Albanese won't do populist progressive policy, he leaves the floor open for Hanson to continue to capture voters with populist far right policy. He's gonna have to have this fight at some point and a cowardly caucus means he's not match fit www.thenewdaily.com.au/opinion/2026...
thenewdaily.com.au
Time for Albanese to enter the fight against populism
There's a hunger for radical change in Australia, eventually Anthony Albanese is going to have to enter the fight.
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Robert Evans (the Only Robert Evans) @iwriteok.bsky.social · 25/07/2026
bloomberg has a fun article today arguing that the Cybertruck is the biggest flop in automotive history. it includes this glorious graph.
A graph showing how the edsel and Cybertruck both performed based on their sales target and actual year one and year two sales. The edsel was expected to sell 200k units in its first year. It sold slightly over 50k, and less than 50k the next year

The Cybertruck had a sales.target of 250k in its first year. They sold around 40k, the next year they sold about half as many.
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Bad Hand Books @badhandbooks.bsky.social · 06/07/2026
Generative AI is strip-mining intellectual property from us, taking our jobs, and hogging our resources--all to benefit the very few at the top. This is corporate colonialism.
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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 02/07/2026
AI's pitch to bosses is that they can fire most of their workers in order to terrorize the remainder into tolerating a working life wherein they are made to mark the AI's homework, at superhuman speed, and to assume the blame when it goes wrong. 12/
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Naomi Klein @naomiaklein.bsky.social · 02/07/2026
Everybody in the "climate space" (which means everyone on earth...) needs to understand these mind-blowing figures. Google's "total electricity consumption jumped from 31 terawatt hours (TWh) in 2024 to 43 TWh in 2025." In ONE year. The AI corporate arms race is eating the world.
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John Birmingham @birmo.bsky.social · 26/06/2026
On the myth of a left wing media
open.substack.com
The perpetual-grievance siren
A billionaire wandered out to the helicopter deck of his favourite hyperyacht this week to remind us all that platforming a fascist is important to democracy…
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Thomas Spooks 🎃👻💀 @thomasfuchs.at · 25/06/2026
To summarize, AI will cause personal computers to cost $10,000, all applications are frozen to about 2025 design and implementation, power to run the computer will be twice the price and also you need to sign in with your passport to start your computer. Explain to me again how this is progress?
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Juan Moreno-Cruz @jmorenocruz.bsky.social · 26/06/2026
Well, tell us what you really think… “the same modelers who overestimated the potential of geological carbon storage repeatedly underestimated solar power — one of the energy technologies that would allow more oil to remain in the ground.” projects.propublica.org/why-carbon-c...
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alexvonwitzleben.bsky.social @alexvonwitzleben.bsky.social · 23/06/2026
Sodium-ion #batteries just became one of the most significant clean energy breakthroughs. Chinese battery giant #CATL confirmed it began manufacturing them at industrial scale in 2025. It replaces lithium with sodium — so abundant it is literally extracted from ordinary seawater and table salt.
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David Milner @davemilbo.bsky.social · 23/06/2026
Here's @ronnisalt.bsky.social. "Trash talking: Pauline at the Press Club"
theshot.net.au
Trash talking: Pauline at the Press Club - The Shot
Won’t somebody spare a thought for the new patron saint of the National Press Club, Pauline Hanson? She’s there to...
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Greg Jericho @grogsgamut.bsky.social · 18/06/2026
The latest tax stats show 90 millionaires paid no tax (1 poor sucker got their total income from $1m to below $18,200, but still had to pay... err $769 in tax) thepoint.com.au/off-the-char...
thepoint.com.au
Ninety millionaires paid no tax in 2023–24. New ATO data shows why tax reform matters
In 2023-24, according to the ATO, 90 Australians who earned more than $1m in income paid no tax. The figures also reveal that the changes in the budget targeting the reductions in the discount for cap...
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Chris Hayes @chrislhayes.bsky.social · 17/06/2026
The "hydration break" really is a perfect American capitalist innovation: a nakedly commercial play to insert more ad revenue into a game that doesn't have ads anywhere else in the world, all under the guise of some humanitarian interest in the players' wellbeing.
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Pearls and Irritations @johnmenadue.com · 16/06/2026
AUKUS Pillar I is not in Australia’s national interest, former foreign minister Gareth Evans argues. In his public inquiry submission, he warns the submarine plan faces grave delivery doubts, excessive costs and a profound loss of sovereign agency. #auspol #AUKUS #Defence
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Jason Koebler @jasonkoebler.bsky.social · 03/06/2026
A company that makes a no-tech, repairable tractor is having trouble keeping up with demand from farmers sick of John Deere's repair monopoly and simply want a tractor that turns on and works: www.404media.co/demand-is-bo...
404media.co
Demand Is Booming for New No Tech, Repairable Tractor
"There is consumer pressure to back away from technology that is unnecessary to perform everyday tasks."
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Ed Zitron @edzitron.com · 26/05/2026
Today’s free newsletter is about how LLMs are the perfect grift to exploit an economy dominated by do-nothing managers and executives disconnected from any real work, and how the facade is crumbling as companies pay the true cost of AI. www.wheresyoured.at/the-revenge-of-the-business-idiot/
wheresyoured.at
Revenge of The Business Idiot
If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, in...
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Denny Carter @dennycarter.bsky.social · 26/05/2026
They stole the internet’s knowledge and all the work that went into it and they want to sell it back to us for a fee. What a business model.
 ALTMAN: "WE SEE A FUTURE WHERE INTELLIGENCE IS A UTILITY, LIKE ELECTRICITY OR WATER, AND PEOPLE BUY IT FROM US ON A METER.
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Carl Quintanilla @carlquintanilla.bsky.social · 24/05/2026
Suzanne Vega releases “Luka” 39 years ago this weekend. She said she once received a fan letter about it: “Dear Suzanne, Luka is the most compelling piece of music I’ve heard in a long time. There are no words 2 tell U all the things I feel when I hear it. I thank God 4 U, Prince”
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Oh No He Didn't @ohnohedidnt24.bsky.social · 25/05/2026
WEMBY FROM THE LOGO TO END THE HALF!!!!!
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The Australia Institute @australiainstitute.org.au · 15/05/2026
Anthony Albanese says we at the Australia Institute need to be fair dinkum about a 25% gas export tax. Well, this is us being fair dinkum! @richarddenniss.bsky.social #auspol
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Greg Jericho @grogsgamut.bsky.social · 15/05/2026
. @albomp.bsky.social has said today that @australiainstitute.org.au "needs to be fair dinkum" about gas taxes. Well he keeps saying the PRRT is ramping up. Guess what PM, your own budget papers show there is a ramp...but it ain't heading up. Fair dinkum, mate. Give the gas company spin a rest
Chart showing projexcted PRRT revenue

2026-27: $1.9bn
2027-28: $1.75bn
2028-29: $1.55bn
2029-30: $1.25bn
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Anthony Klan @anthonyklan.bsky.social · 12/05/2026
Renewables surpass coal power globally. This is why bad actor politicians, One Nation, etc, are going into hyperdrive. Their puppet masters, fossil fuels, are increasingly desperate. It’s why the lies are even more extreme — and even more obvious…
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Victoria Fielding @drvicfielding.bsky.social · 10/05/2026
One Nation frames itself as “for the little guy” while serving the interests of billionaires like Gina Rinehart. They are a con artist party. Of course the media will never frame it this way. There’s no structural analysis in horserace journalism. By design.
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Rex Patrick @mrrexpatrick.bsky.social · 01/05/2026
Oh, the irony! We direct our Defence $$$ away from fuel storage and instead towards #AUKUS subs (that won’t be delivered) so we can one day join the US in a fight against China … and then when there’s a conflict elsewhere, we have to turn to China for our fuel security. #auspol
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Kurt Helin @basketballtalk.bsky.social · 28/04/2026
The point of a draft in a closed system like the NBA (where teams cannot be relegated) is to have it so the worst teams get access to the best players entering the league so they can improve. The NBA's "3-2-1" proposal makes it harder for the worst teams to get good players. What are we doing here?
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Innsmouth Looksmaxxing @gonebabygone.bsky.social · 27/04/2026
Obviously one’s first instinct is to point out that Bill the Butcher is the villain but let’s not forget the detail that he is literally in a cuck chair in this scene
A Meghan McCain tweet depicting Bill the Butcher from Gangs of New York in the chair with the American flag draped around him with the text "Me and everyone I know after this weekend"
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