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Jon

@jonwed.bsky.social
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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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BuDS Disability Service @buds-disability.bsky.social · 07/10/2026
The Covid wave in England is growing very fast, and the overall Covid risk level has been raised to High. As of 4 October, 1 in every 175 people were infected, up 34% on the previous week. We continue to recommend that Covid-Cautious people take full precautions in ALL indoor places. A thread 🧵
Covid wave rapidly growing in England.
Risk level now High with 1 in 175 infected.
PPE masks recommended indoors.
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Jon @jonwed.bsky.social · 29/09/2026
Interesting paper on attributing weather events
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Reposted by Jon
Old British Telly @oldbritishtelly.co.uk · 29/09/2026
[1986] The Communards - Top of the Pops performance of Don't Leave Me This Way. Originally released in 1975 by Harold Melvin & the Blue Notes, this version topped the chart for four weeks becoming the best-selling single of the year. Featuring singer Sarah Jane Morris and Richard Coles on keyboards.
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Far Out Magazine @faroutmagazine.co.uk · 28/09/2026
David Squires delves into… the Ed Sheeran debacle (set in a Galaxy far, far away)
faroutmagazine.co.uk
David Squires delves into… the Ed Sheeran debacle (set in a Galaxy far, far away)
Maclunkerlmore! The post David Squires delves into… the Ed Sheeran debacle (set in a Galaxy far, far away) first appeared on Far Out Magazine.
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Ken MacLeod @amendlocke.bsky.social · 29/09/2026
Frida: The Making of an Icon: Tate Modern’s erasure of Frida Kahlo’s politics www.wsws.org/en/articles/...
wsws.org
<em>Frida: The Making of an Icon</em>: Tate Modern’s erasure of Frida Kahlo’s politics
The show claims to interrogate the “Fridamania” surrounding Kahlo, yet it operates as one of its engines—manufacturing, circulating and profiting from the phenomenon it pretends to analyse.
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The Bear @bearlypolitics.co.uk · 28/09/2026
Well, well, well - if it isn’t the consequences of our own actions. It would appear that migrants are not, in fact, the fiscal drain we’ve been told they are by years if we go by the £4bn to £6.5bn shortfall that’s been caused by the precipitous drop in numbers under this government. Funny that.
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Robin Ince @robinince.bsky.social · 24/09/2026
I am in Wanstead tonight wansteadfringe.org/event/robin-... #poetry #creativity
wansteadfringe.org
Robin Ince: Standing up and standing out
Robin Ince is by turns comedian, author, poet, actor and, for many years with Professor Brian Cox, a broadcaster. He is also one of the country’s greatest lovers of books and a regular participant of ...
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Prof. Stefan Rahmstorf @rahmstorf.bsky.social · 21/09/2026
“Very strong El Niño events like those in 1997/1998 and 2015/2016 were associated with hundreds of billions of dollars in damages globally – this event is leaving those past ones in the dust.” @zekehausfather.com www.theguardian.com/environment/...
theguardian.com
‘Jaw-dropping’ El Niño bursts through temperature record months before peak
‘Godzilla-level’ phenomenon is supercharging the climate crisis and will have a huge impact on communities across the world
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Prof. Eliot Jacobson @climatecasino.net · 20/09/2026
Breaking News! Code FUBAR!!! Yesterday's Nino 3.4 sea-surface temperature anomaly (preliminary) was a record 3.047°C above the 1991-2020 baseline, beating the previous record of 3.034°C set on November 19, 2015. It will take about 2 weeks to verify. Stay tuned!
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Jon @jonwed.bsky.social · 18/09/2026
This is where the endless mantra responding to racist scare stories as "legitimate concerns" gets you. Just how abhorrent is this…
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Jon @jonwed.bsky.social · 18/09/2026
Farage's Reform lap up £ millions from crypto billionaires but protest the fat cat donors "expect nothing in return". In unrelated news … www.independent.co.uk/news/uk/poli...
independent.co.uk
Reform to hand crypto investors hundreds of millions in tax breaks
Exclusive: Analysis seen by The Independent reveals the wealthiest crypto investors would get £100m a year in tax relief from Nigel Farage’s party
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Mike Okuda @mikeokuda.bsky.social · 09/09/2026
Elle Cordova is the very model of a modern day typographer. youtu.be/0Ck-NPqf2c8
youtu.be
Modern Day Typographer - Elle Cordova
YouTube video by Elle Cordova
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Zeke Hausfather @zekehausfather.com · 14/09/2026
Here is the latest combined forecast across all 14 models, compared to past strong El Nino events. It shows just how extreme and unprecedented this event is forecast to be:
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Andrew Dessler @andrewdessler.com · 14/09/2026
On The Climate Brink: The Atmosphere Just Set a Water Vapor Record. Aug. 2026 probably had more water vapor in the atmosphere than any month in the last few thousand years, if not a 100,000 years. www.theclimatebrink.com/p/the-atmosp...
theclimatebrink.com
The Atmosphere Just Set a Water Vapor Record
More water vapor means more rocket fuel for extreme rain — so this record is not good news
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Hassinator @hassinator.bsky.social · 13/09/2026
a great letter in the times today. perhaps worth sharing in these troubled times. #RNLI #heroes
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Simon Lee @simonleewx.com · 10/09/2026
8 years ago, I tweeted side-by-side maps from NASA GISS showing global temperatures in 1976 and 2018 – both hot summers in the UK. It subsequently went viral and was printed in the Daily Mail! The 2026 version is stark. Two locally extreme summers separated by 50 years of global climate change.
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Mic Wright @brokenbottleboy.bsky.social · 08/09/2026
A detail missing from The Times story… the woman who took the photo shared it to a Facebook group called ‘South east patriots’.
Facebook post showing the photo of three white women on a train with a group of black-clad, masked men being shared to a group called ‘South east patriots’
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BeatGhoul @beatgrrrl.bsky.social · 07/09/2026
Happy Labor Day❗️ Paul Robeson sings Joe Hill in support of Scottish miners in 1949
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Jonn Elledge @jonnelledge.bsky.social · 07/09/2026
I want the Prime Minister to look into a TV camera and say the RNLI are heroes, that we do not change policy by street violence in this country, and that he expects any criminal action to face the full force of the law. That's it. That's all he has to do.
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Dr Jo Kershaw @mthrjo.bsky.social · 06/09/2026
The RNLI have some of the best people in Britain volunteering for them. They put their lives on the line when they are called on and they will rescue anyone who needs them. Because every life matters, and offering help is the right thing to do. You can donate here: rnli.org
rnli.org
RNLI - Royal National Lifeboat Institution - Saving Lives at Sea
The RNLI is the charity that saves lives at sea. We do this through lifeboat search and rescue, lifeguards, water safety education and international interventions.
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Channel 4 News @channel4news.bsky.social · 03/09/2026
Undercover footage verified by Channel 4 News reveals a secret plot by senior Reform UK figures to break the law on party donations. A leading legal expert is now calling for a criminal investigation. 🔗 Read the exclusive story on Substack:
channel4news.substack.com
Exclusive: Nigel Farage filmed undercover celebrating secret new foreign donations
Undercover footage verified by Channel 4 News reveals a secret plot by senior Reform UK figures to break the law on party donations. A leading legal expert is now calling for a criminal investigation.
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Daniel Moser @dmoser.bsky.social · 03/09/2026
Pollution levels in London after 10 years of advancing sustainable transport.
Map showing Lower Pollution levels in London after 10 years of advancing sustainable transport.
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Tea Pain @teapainusa.bsky.social · 31/08/2026
Food so good you grow an extra finger!
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Rob Jacques @knutcrosswords.bsky.social · 29/08/2026
I set the Bank Holiday jumbo cryptic crossword in the weekend edition of the @financialtimes.com. Sample clue: Check it - BA generally accepts a small piece of luggage (3,3) print the pdf here: www.ft.com/content/c502...
ft.com
FT Crossword: Number 18,465 (Jumbo)
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George Monbiot @georgemonbiot.bsky.social · 28/08/2026
I know this isn't terrorism. You know this isn't terrorism. The authorities know this isn't terrorism. But, once again, they have labelled protesters "terrorists", as part of the long-running programme to ensure that no one dares protest about anything any more. www.theguardian.com/uk-news/2026...
theguardian.com
Seven charged with damaging Trump’s Scottish golf course accused of ‘terrorist connection’
Course at Donald Trump’s Turnberry resort was painted with words ‘Gaza is not 4 sale’ and clubhouse was sprayed with graffiti
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Jon @jonwed.bsky.social · 27/08/2026
And we wonder how come capitalism is eating the planet. Crazy and, as the article hints, with great social costs on all sides of the world
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The Guardian @theguardian.com · 25/08/2026
From Scotland, I look at England’s water privatisation disaster. I wish you had done what we did | Devi Sridhar
theguardian.com
From Scotland, I look at England’s water privatisation disaster. I wish you had done what we did | Devi Sridhar
Listening to debate, you’d think bringing English water companies into public ownership was a radical socialist idea. Here, we call it common sense, says chair of global public health at the University of Edinburgh Devi Sridhar
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Steve Chambers @planningtransport.co.uk · 26/08/2026
"Heidi Alexander accelerated the timetable for robotaxis, which she said would offer greater freedom to elderly and disabled people" Horseshit from Alexander. I cannot imagine how elderly and disabled people are better served by nobody to help them.
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Jon @jonwed.bsky.social · 24/08/2026
No wonder Hollow Ponds look so desparate, like mud flats
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Campaign against Climate Change @campaigncc.bsky.social · 22/08/2026
Essential reading on the consequences of El Niño. Its impacts on staple crops, rice in particular, will land on top of fertiliser shortages and low US harvests due to drought. “A sufficiently large El Niño is not a weather anomaly at all. It is going to be a global food shock on a 12 month fuse.”
4hunger.org
Scorched Harvest: The Strongest El Niño Ever Forecast, the Crops in Its Path, and the Hunger It Will Leave Behind
How 3.6 degrees of warm water in the tropical Pacific is about to redraw the map of global hunger and why, this time, no one in power can claim they were not warned.
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Stephen D’Arcy @darcelona73.bsky.social · 17/08/2026
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Jon @jonwed.bsky.social · 21/08/2026
No, sorry. So many interesting or paradigm challenging people out there, why give this guy a platform? I mean, seriously , where do you draw the line. Let him carry on in obscurity
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Jon @jonwed.bsky.social · 21/08/2026
Good preview although these are sadly some of the most heartbreaking words ever written in the English language: “The nightclub site is now the Grand Arcade shopping centre.”
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The Leyton Orientear @leytonorientear.com · 21/08/2026
Whether or not you're travelling to Wigan tomorrow, don't miss our in-depth preview of the first proper awayday of this season. This one's free to read for all - but if you aren't already a member and you like this, make sure to join us so you can read them all! Up the Os #LOFC #WAFC
leytonorientear.counterpress.media
Life On The Road: Wigan Athletic v Leyton Orient • Leyton Orientear • Leyton Orient FC independent news
We preview our first away fixture of the season with a run-down on the opposition both on and off the pitch. Plus a bonus postscript on away game allocations this season.
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William Gibson @greatdismal.bsky.social · 19/08/2026
Just cancelled Mongolian publication deal for something of mine because the translation would have been done by AI.
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Jasmine 🌌🔭 @astrojaz.bsky.social · 20/08/2026
in honor of voyager 2’s launch anniversary, here are some gorgeous images it took of the outer planets
    Close-up view of Jupiter’s swirling tan, orange, and cream cloud bands, with several oval storms visible near the planet’s edge.    Saturn appears pale yellow against black space, surrounded by its broad, tilted rings, with two small moons visible nearby.    Thin crescent of Uranus glowing pale blue-green against the blackness of space, with most of the planet in shadow.    Full view of Neptune as a deep blue planet with faint cloud bands and several bright white cloud formations across its atmosphere.
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Jon @jonwed.bsky.social · 20/08/2026
If you want to understand the next six months of “freak” events, read this…
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Jon @jonwed.bsky.social · 20/08/2026
Sadly I think this pretty much spot on (as usual) from @flyingrodent.bsky.social
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John Bull @garius.bsky.social · 05/01/2024
If you ask someone today to name the builder of Hadrian's Wall, they would give you a funny look. But historical memory is odd, and right up to the 1800s we forgot who built it. Until in 1840 John Hodgson, an obscure Northumbrian clergyman, published the LONGEST footnote in history... 1/22
long stretch of worked roman stone on Hadrian's Wall.
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Wanstead weather @wansteadweather.bsky.social · 19/08/2026
Things are bad in places now but imagine how bad things would have been in 1976 had water been privatised 30-years prior to then.
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George Monbiot @georgemonbiot.bsky.social · 19/08/2026
This is what the billionaire press and many politicians were campaigning so hard to destroy. Their freedom to drive took precedence over our children's freedom to thrive. www.theguardian.com/environment/...
theguardian.com
Ulez led to better lung size and function among London children, study finds
Researchers find capacity stunted by pollution restored after introduction of ultra-low emission zone
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Mike Hudema @mikehudema.bsky.social · 18/08/2026
"Please make no mistake. Climate change is the biggest threat to global security that modern humans have ever faced." Sir David Attenborough. No time to wait. #ActOnClimate #climate #energy #stopfossilfuels #go100re
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Richard Sambrook @sambrook.eurosky.social · 08/08/2026
Very taken with this from the @financialtimes.com today - Henry Farrell weekend essay on Philip k Dick and relevance to our dystopian times.
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womensartbluesky.bsky.social @womensartbluesky.bsky.social · 15/08/2026
“We never talked about men or clothes. It was always Marx, Lenin, and revolution – real girl's talk.” - Nina Simone, singer, musician and civil rights activist #WomensArt
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Prof Christina Pagel @chrischirp.bsky.social · 13/08/2026
This is very good and much needed www.theguardian.com/news/2026/au...
theguardian.com
Jason Arday’s life may be a warped fantasy. But so is this conversation around DEI
Cambridge’s youngest Black professor has resigned. But the discourse around his departure is rooted in its own distorted reality
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Mike Sowden @mikeachim.bsky.social · 12/08/2026
I don't want to alarm you, but it turns out John Carpenter was right: THERE'S SOMETHING IN THE FOG. But it turns out it's here to help us! Welcome to the fascinating new science of methylobacteria, fog harvesting and hyper-quick eco systems. 1/
Image from John Carpenter's "The Fog" showing a creepy, glowy-eyed figure approaching the camera.
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Priyamvada Gopal @priyamvadagopal.bsky.social · 11/08/2026
Grateful to Zeteo UK, which launches properly next month, for lifting the paywall on this piece at my request. Please do consider subscribing! In this piece, I suggest that the Cambridge Genome Campus is too WOKE. 😅😅😅 zeteo.uk/p/the-jason-...
zeteo.uk
The Jason Arday Affair and the 'Oprahfication' of Antiracism
Culture warriors blame 'woke' Equality, Diversity and Inclusion policies for the scandal surrounding the Cambridge professor. The real problem is that EDI has been rendered symbolic and superficial.
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Alex Selby-Boothroyd @alexselbyb.bsky.social · 11/08/2026
A handy searchable map that tells you whether your eclipse vantage point tomorrow will already be eclipsed by buildings shademap.app/@51.50738,-0...
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Otto English @ottoenglish.bsky.social · 10/08/2026
Cambridge City Council has spent £1 million on state of the art toilets and thoughtfully added three... yes just three... squat toilets at the facility for tourists and others who prefer them. Cue Farage losing his teeny tiny mind.
Cambridge City Council have spent £1 million
building 'squat toilets' like this


Labour councillors say the facilities "really
enhance the cityscape."


I promise you, Reform councils will never
spend your money on this nonsense!
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