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jakekauz.bsky.social

@jakekauz.bsky.social
221 followers 557 following 77 posts
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jakekauz.bsky.social @jakekauz.bsky.social · 19h
he’s in such better rhythm when he throws it downfield.
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Carl Quintanilla @carlquintanilla.bsky.social · 14/10/2026
#tariffs 🇺🇸 www.foxnews.com/politics/ame...
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jakekauz.bsky.social @jakekauz.bsky.social · 13/10/2026
he’s gonna be too busy buying Don Jr Christmas presents to testify in December
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jakekauz.bsky.social @jakekauz.bsky.social · 13/10/2026
I have a ton of faith in McDonald to fix the issues throughout the year. Way more than I ever did with Pete Carroll.
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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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James Hell Brooks @kleinman.bsky.social · 09/09/2026
For the past two years I've been tracking every bill proposed in state legislatures across the country to figure out what Republican plans for the future are. The answer, based on these 1,182 bills, is that they want to repeal the 20th Century heartlandsignal.com/2026/09/09/b...
heartlandsignal.com
Proof from the states: the right wing attempt to repeal the 20th century – Heartland Signal
Republicans are in Dallas this week making the case that the other side is the extreme one. We read the legislation they introduced in all 50 states and built a searchable record of what we found: 1,1...
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James Medlock @jdcmedlock.bsky.social · 09/10/2026
I'm taking my "Norway's wealth tax didn't reduce tax revenue" victory lap.
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, nor is there any evidence that the reform induced more bankruptcies. ...
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Carl Quintanilla @carlquintanilla.bsky.social · 09/10/2026
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Andy Craig @andycraig.bsky.social · 09/10/2026
Hegseth got the job not because of his clown antics on Fox News but because during the first term he made it his personal crusade to get Trump to pardon war criminals who had murdered civilians and desecrated corpses. That’s who he is and it’s what Trump hired him to be.
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Dare Obasanjo @carnage4life.bsky.social · 08/10/2026
The Trump administration just suspended Microsoft from sponsoring green cards, claiming it laid off 6,000 Americans while getting 6,300 H-1B approvals. Essentially this is the government saying tech companies will be penalized if they lay off Americans over foreign workers. It’s finally happened.
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jakekauz.bsky.social @jakekauz.bsky.social · 08/10/2026
is he all out of friends?
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Don Moynihan @donmoyn.bsky.social · 05/10/2026
A 10K contribution and a $900 million return. The scale of the graft in Homeland Security is a) off the charts and b) possible because no-one believes they will face any accountability
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jakekauz.bsky.social @jakekauz.bsky.social · 02/10/2026
@dannybkelly.bsky.social @dannyheifetz.bsky.social @craighorlbeck.bsky.social
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jakekauz.bsky.social @jakekauz.bsky.social · 25/09/2026
this is because of true detective. season one is s-tier. Season two complete dog shit. season 3 meh.
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jakekauz.bsky.social @jakekauz.bsky.social · 25/09/2026
it’s a tracy jordan sex doll. you want one? I can get you one.
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Rodger Sherman @rodger.bsky.social · 23/09/2026
Tough competition of course, but the Trump admin deciding that white South Africans are the only group of people on earth currently worthy of refugee status has to be the most overtly racist thing any administration has done in decades
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jakekauz.bsky.social @jakekauz.bsky.social · 23/09/2026
I think Fleury has acquitted himself well thru 2 games. This is an interesting data point though.
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jakekauz.bsky.social @jakekauz.bsky.social · 22/09/2026
Herbert and 2 firsts for Darnold, who says no?
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jakekauz.bsky.social @jakekauz.bsky.social · 22/09/2026
what’s Darnolds trade market like? 2 firsts?? (sarcastically)
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MPR News @mprnews.org · 22/09/2026
Schools across the state started offering free breakfasts and lunches to all students in the fall of 2023. The number of students eating school lunch went up 15 percent the first year. The number of kids eating breakfast at school went up 40 percent.
mprnews.org
Fewer skipped meals, less stigma: New data on the impact of Minnesota’s universal school meals
A trio of new studies shows Minnesota’s universal school meals program is providing a sense of relief to Minnesota families and students who are no longer skipping lunch and worrying less about family...
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Carl Quintanilla @carlquintanilla.bsky.social · 16/09/2026
“.. J.B. Hunt doesn’t typically provide explicit financial guidance. But the company is experiencing ‘some of the most radical and abnormal swings in fuel prices’ ever.” @barrons.com $JBHT www.barrons.com/articles/jb-...
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Carl Quintanilla @carlquintanilla.bsky.social · 15/09/2026
LEVINE: “.. It is a little strange that an industry is overwhelmingly saying ‘regulate us, otherwise in our pursuit of mammoth profits we will kill everyone,’ and the US government is like ‘nah we’d rather you have the profits.’” @matt-levine.bsky.social www.bloomberg.com/opinion/news...
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Dare Obasanjo @carnage4life.bsky.social · 15/09/2026
Google researchers have joined the party, AI panic is spreading across frontier AI labs like measles. Unfortunately there are no adults in the room in either the government or at these companies who can act responsibly and address everyone’s fears.
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Jay Willis @jaywillis.net · 15/09/2026
Genuinely an insane paragraph from Sam Alito. “Voter fraud is real and scary and we have to stop it, so the fact that implementing Trump’s mail ballot rule will disenfranchise millions is legally irrelevant.” Brain melted. A right-wing podcaster in a robe. www.supremecourt.gov/opinions/25p...
___, (slip op., at 9) (internal quotation marks omitted).
As for the equities, the Government has a strong interest
in enforcing the rule, and implementing it will also “en-
hance the visibility of Federal Ballot Mail” in order to better
detect election fraud. 91 Fed. Reg. 54972. On the other side
of the balance, the plaintiff States invoke the practical ef-
fects of implementing the rule close to the midterm elec-
tions. I take that problem very seriously, but it is not
enough to convince me to deny the application.
First, as the District Court acknowledged, the States dis-
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jakekauz.bsky.social @jakekauz.bsky.social · 15/09/2026
we’re any of them under center?
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jakekauz.bsky.social @jakekauz.bsky.social · 11/09/2026
heard a story once where the 2008 Orange Bowl team got to popping off to Gilbert and some of the older players in a local bar. Gilbert put the former head fundraiser of the KU endowment thru a table.
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Carl Quintanilla @carlquintanilla.bsky.social · 11/09/2026
Burns.
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jakekauz.bsky.social @jakekauz.bsky.social · 10/09/2026
Witherspoon getting in Hollie’s face at the end. yes.
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jakekauz.bsky.social @jakekauz.bsky.social · 10/09/2026
He’s going live on Netflix with Danny B Kelly
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George Pearkes @peark.es · 09/09/2026
Wild stuff
Chart showing increase in TX power generation covered by solar. IT's 100% so for this year.
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Ryan Marino, MD @ryanmarino.bsky.social · 06/09/2026
Routine reminder that Bhattacharya is an economics researcher who has never practiced medicine and whose best known publication is overtly fraudulent. He has never done infectious disease research and has never treated a single virus or infection in his entire career. He’s likely never seen measles.
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David Roberts @volts.wtf · 04/09/2026
China's net greenhouse gas emissions *fell* this past quarter. Why? Because rapidly expanding electric vehicle use is putting a serious dent in oil demand. We could do that too. But we're not. We have the slowest EV update in the developed world, thanks to Trump.
carbonbrief.org
Analysis: China’s CO2 emissions fall in Q2 2026 due to plummeting oil use - Carbon Brief
China’s carbon dioxide (CO2) emissions fell by 1% in the second quarter of 2026, as oil consumption plummeted amid the strait of Hormuz crisis.
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LiveSquawk @livesquawknews.bsky.social · 03/09/2026
US Trade Balance (USD) Jul: -88.6B (est -90.2B; prev -73.3B; prev R -71.2B) - Import (M/M): 2.8% (est 1.8%; prev -1.8%) - Export (M/M): -2.1% (est -1.0%; prev -0.9%)
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jakekauz.bsky.social @jakekauz.bsky.social · 01/09/2026
Obamacare making contraception free was one of the greatest policies ever. Never see such a dramatic change in such a short period.
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Matt Ufford @mattufford.bsky.social · 01/09/2026
brother I have been keeping RECEIPTS, and there are a lot of them. defector.com/why-your-tea...
defector.com
Why Your Team Sucks 2026: Los Angeles Rams | Defector
Some pathetic, frontrunning dorks are fans of the Rams. But many, many more people are NOT fans of the Rams. This 2026 Defector NFL team preview is for those in the latter group. Read all the previews...
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Sean Casten @seancasten.bsky.social · 01/09/2026
Scott Bessent is the living proof of the old joke that the easiest way to become a millionaire is to start with $2M and lose half of it. He turned a $5.7B fund into $537M of value before he transitioned to a job on the government dime.
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Hansi Lo Wang (he/him) @hansilowang.bsky.social · 31/08/2026
SCOOP: After the Census Bureau issued a highly unusual report tied to a President Trump-aligned think tank, the bureau’s parent agency, the Commerce Department, cut language banning political interference from its scientific integrity policy, @npr.org has learned www.npr.org/2026/08/31/n...
npr.org
Trump officials cut political interference ban after unusual Census Bureau report
After the Census Bureau issued a report tied to a Trump-aligned think tank, the bureau's parent agency cut language banning political interference from its scientific integrity policy, NPR learned.
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Scott Lincicome @scottlincicome.bsky.social · 29/08/2026
"Mapped: Each U.S. State’s Top Export Partner" www.visualcapitalist.com/mapped-each-...
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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 28/08/2026
We are a broken nation. Hundreds of thousands of Haitians were living and working legally, paying taxes, and contributing. Haiti remains wholly unsafe. But Trump hates Haitians, and the White House wanted videos of Black people in chains, so they stripped them of status and turned on the cameras.
Homeland Security 7
@DHSgov
X.com
Haiti TPS has been TERMINATED.
Those with terminated TPS are in our nation Illegally. They have two options: LEAVE IMMEDIATELY or be DEPORTED.
DHS.GOV/CBРНОМЕ

Underneath is a screenshot of a video showing two Haitian men in chains being led to the aircraft. I didn’t post the video, but it’s vile.
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jakekauz.bsky.social @jakekauz.bsky.social · 26/08/2026
“simultaneously drawn to, and terrified of” was exactly how I felt too. well written.
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Edward Harrison @edwardnh.bsky.social · 25/08/2026
The Wall Street Journal comes out swinging against this trade war: "One reason for Mr. Trump’s frigid approval rating is that voters believe Mr. Trump is waging blunderbuss wars without a strategy, and on trade they’re right." www.wsj.com/opinion/the-...
wsj.com
Opinion | The Dumbest Trade War Revisited
Trump’s decision to escalate a tariff brawl with Canada makes no economic or political sense.
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ProPublica @propublica.org · 25/08/2026
The Pentagon has never received a passing grade on a comprehensive financial audit. One thing is clear: Vast sums are funneled into costly weapon systems that chronically come in over budget.
propublica.org
The $1 Trillion Black Box
The U.S. military budget is vast and opaque. Projects touted as engineering marvels end up facing years of delays and ballooning costs. ProPublica has launched a series to report on the Pentagon’s spe...
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Phil Lewis @phillewis.bsky.social · 25/08/2026
Two people have died in Pennsylvania from measles, the state health department said. Both were unvaccinated. These the first deaths related to measles within the state in 35 years, it reports
abcnews.com
2 people die from measles in Pennsylvania
Two people have died in Pennsylvania from measles, the state health department said Tuesday.
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Carl Quintanilla @carlquintanilla.bsky.social · 21/08/2026
> @dow.bsky.social
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Spencer Ackerman @attackerman.bsky.social · 18/08/2026
ICE and CBP are full of rapists and child predators. A new report details it in horrific detail.
forever-wars.com
The Sex Criminals and Child Abusers of ICE and CBP
Rape. Domestic violence. Epstein friendship. It's all tolerated by our valiant homeland-security apparatus. PLUS: COINTELPRO 2026
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Aaron Rupar @atrupar.com · 20/08/2026
perfect synopsis of modern Republicanism
Darline Graham: I tripped up on one question last night, regarding Taiwan. I don't speak politician. I was just honest. Of course, Taiwan is our friend. But I think people in South Carolina are more worried about boys in girls sports.
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Carl Quintanilla @carlquintanilla.bsky.social · 17/08/2026
This puts the current pace of US budget deficits into perspective. @eddyelfenbein.bsky.social
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Carl Quintanilla @carlquintanilla.bsky.social · 17/08/2026
“.. US M2 money supply is rising at the fastest pace in five years. The last time money supply accelerated this rapidly, inflation followed with a lag.” - Ekwueme
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Henry Mance @henrymance.ft.com · 09/08/2026
Chris Hohn, billionaire hedge fund manager: ‘All these people who say we can't afford net zero - they're completely misunderstanding the gravity of the situation.' www.thetimes.com/article/de38...
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