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Laura Knapp

@lauracknapp.bsky.social
1.9K followers 3K following 245 posts

Fiction writer, cappuccino lover, and occasional insomniac...and none of these are related.

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Reposted by Laura Knapp
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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Laura Knapp @lauracknapp.bsky.social · 08/10/2026
This is amazing….
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Scott Horton @robertscotthorton.bsky.social · 24/09/2026
If we had actual journalists in this country, this would have been reported as a story.
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Miaganga @miaganga.bsky.social · 24/09/2026
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Jennifer Shin - WTAF @jennifershin.bsky.social · 22/09/2026
I think @darrigomelanie.bsky.social said everything that needs to be said.
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Robert Reich @rbreich.bsky.social · 16/09/2026
Don't be fooled into thinking that a "free market" only exists when corporations get to "self-regulate" and do whatever they want. And don't be led to think that the government is "intruding" into the market when it crafts laws to protect the public. The real issue is power — and who has it.
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The Onion @theonion.com · 12/09/2026
Trump Claims He Was Falling Man
theonion.com
Trump Claims He Was Falling Man
WASHINGTON—Saying America could frankly be more grateful for the enduring image he provided, President Donald Trump claimed Wednesday that he was the previously unidentified Falling Man captured midai...
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Tasha @toshyou.bsky.social · 30/08/2026
NO media 1000s are marching in DC to defend voting rights; 90 orgs signed on, Reuters sent photographers, but local media Bernie Sanders, AOC and Martin Luther King III attended Wa Post buried it A Black-led march is visible in DC only after somebody else reports it Repost the march they buried
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Robert Reich @rbreich.bsky.social · 29/08/2026
Walmart spent $43.4B on stock buybacks from 2019 to 2025, enough to give each of its 2.1M workers annual bonuses of $2,953. Last year, retiring CEO Doug McMillon pocketed $29.2M — his largest payday ever and 958x Walmart's median worker pay of $30,520. Textbook corporate greed.
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The Daily Beans Podcast @dailybeanspod.com · 27/08/2026
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Phil Lewis @phillewis.bsky.social · 22/08/2026
Gary, Indiana residents have been without power for ten days. Here’s how you can help.
blockclubchicago.org
Gary Residents Have Been Without Power For 10 Days. Here's How You Can Help
A South Side business is offering free laundry service for storm-affected Gary families, while another fundraiser is collecting money for essentials as some residents face a second week without electr...
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BlueResister 🦋Fighting for Democracy 🦋 @blueresister.bsky.social · 23/08/2026
@kingresist.bsky.social @bandroll.bsky.social @mattmcneilshow.bsky.social @boxdonkey17.bsky.social @itistherealjas.bsky.social @gigialexander123.bsky.social @clarkpowers.bsky.social @blueresister.bsky.social @merlinmm.bsky.social @ltwlauren.bsky.social @bluthrunthru.bsky.social
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Forbes @forbes.com · 22/08/2026
“Stars And Stripes” played a major role in breaking stories about living conditions aboard the USS Abraham Lincoln earlier this summer.
forbes.com
‘Stars And Stripes’ Editor Says He’s Worried About Military Censorship After Fires Him For ‘Insubordination’
“Stars And Stripes” played a major role in breaking stories about living conditions aboard the USS Abraham Lincoln earlier this summer.
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💋SassyAss💋Sister🔥🔱ValkyrieQueen🔱❤️‍🔥🥷Resistance Fighter👊 📎 @sassysister27.bsky.social · 18/08/2026
🆘 Very Low Reposts! 😢 Sweet Suzie needs help! She’s trying to find a foster but she’s not being seen… 🙏 Please share this sweet, sad girl and get her out before she’s killed! 🙏❤️🙏❤️🙏❤️🙏❤️🙏❤️🙏❤️🙏
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Robert Reich @rbreich.bsky.social · 05/08/2026
Dozens of gas-burning power plants are being built across the country, solely to power data centers. These plants could emit as much planet-warming pollution as half of all passenger vehicles in the entire country in a single YEAR. We need a data center moratorium — now.
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Barry Butler Photography @barrybutler9.bsky.social · 05/08/2026
Red Crescent Moon over the CTA Elevated Tracks in downtown Chicago. This week, 7 years ago.
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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 30/07/2026
The caller on Rand Paul’s virtual town hall is all of us.
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Brant Reeves @bireeves95.bsky.social · 29/07/2026
A Very Bad Thing to Do….
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Aaron Rupar @atrupar.com · 29/07/2026
a statement from Fauci's lawyers says Rand Paul has "an intense & seemingly pathological course of retribution, revenge, & obsession with Dr. Fauci ... The accusations that Chairman Paul continues to propagate are false and disgraceful, and we will examine all options to hold him accountable."
cap of statementcap of statement
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Norah 🤗 @thenoraheffect.bsky.social · 26/07/2026
Enjoy The Silence- Depeche Mode 🥰
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Rae Radford @raeradford.bsky.social · 24/07/2026
Amen. #BookSky
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tomwellborn3rd @wellborn.net · 22/07/2026
The CDC went from 11 cyclospora experts to three, has no permanent leaders in 80% of senior roles, and just surpassed last year's measles count. Former top officials say we are less prepared for a pandemic than before Covid. RFK Jr. is overruling the science in real time.
theguardian.com
CDC cuts leave US less prepared for disease outbreaks, former officials warn
As measles, hantavirus and cyclospora spread, experts say lost staff and expertise are slowing the response
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gozion @ravnica11.bsky.social · 22/07/2026
Paul Klee, Häuser am Meer/ Houses by the Sea, 1920, watercolour.
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George Conway ⚖️🇺🇸 @gtconway.bsky.social · 22/07/2026
Order now—supplies won’t last long
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Christopher Webb @cwebbonline.com · 18/07/2026
I wasn’t ready for this. ☠️ 😭 Low T Pete will never live this down.
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pmamtraveller.bsky.social @pmamtraveller.bsky.social · 18/07/2026
Norman Rockwell - "Picasso vs Sargent" (1966)
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𝙽𝚊𝚜𝚑 𝙸𝚜 𝙷𝚎𝚛𝚎 𝙵𝚘𝚛 𝙸𝚝 @nashishereforit.bsky.social · 17/07/2026
This is how to speak to every single one of those sycophants.
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Aida 🇵🇷🇺🇸🏳️‍🌈🏳️‍⚧️🇺🇦🐾🌊🦋🗽💙🐸 @latina4jesusdshw.bsky.social · 11/07/2026
🔥 #Pinks #USDemocracy
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Politico @politico.com · 10/07/2026
Black leaders across the South have expressed a visceral shock in the wake of the Supreme Court’s decision gutting the Voting Rights Act. But as the surprise wears off, a sense of isolation has begun to set in among some. 🔗 politi.co/4vSW46T
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Kat Abughazaleh @katmabu.bsky.social · 09/07/2026
gee I sure hope this week’s ep doesn’t get our apartment bombed by the government
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Alex Pagliuca @alexpagliuca.bsky.social · 06/07/2026
"We are deploying responsibly
developed Al to liberate humanity from menial labor and usher in an era of unparalleled creativity and abundance."
SAM ALTMAN

"You ingested the entire written output of human civilization without consent, without compensation, and without credit, to build a system whose primary commercial application is eliminating the jobs of the people whose work you consumed.
You are not liberating human creativity - you are strip-mining it and selling it back at a markup while calling the theft training data."
NAOMI KLEIN
@think_and_exist
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Well-tarred Flask 🇮🇹🇺🇦🇨🇦 @chemprofcramer.bsky.social · 03/07/2026
Sky over #Chicago reasonably exciting just now…
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Luca Migo @victinibcn.bsky.social · 27/06/2026
Venezuela is shaking and the world is barely watching. People still trapped under rubble, rescue teams overwhelmed — but it's not trending. Not enough clicks, apparently. Some disasters only matter if they happen in the right country. 🇻🇪 Pray for Venezuela. 🙏
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Costa Rica Kid @zymplex.bsky.social · 27/06/2026
Why it’s time for Democratic socialism!
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Edward Elderman @elderman.bsky.social · 25/06/2026
Edward Hopper Gloucester beach, 1924
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Barry Butler Photography @barrybutler9.bsky.social · 23/06/2026
Shifting Skyline. One of two new Chicago skyscrapers is almost complete at 400 N Lake Shore. The 72-floor north tower (right center) will be ready in 2027, followed by the construction of the 64-floor south tower.
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Robert Reich @rbreich.bsky.social · 21/06/2026
How we beat back the corporate takeover of America: 1. Break up corporate monopolies 2. Continue building union power 3. End Citizens United and get big money out of politics Let’s keep working to unrig the system.
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Adam Parkhomenko @adamparkhomenko.bsky.social · 20/06/2026
This made my day
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The Donk @thedonk.bsky.social · 19/06/2026
Pedolf's Ls for the week - "I love the inflation" - Mercilessly booed at Knicks game, naps - Rain-delayed White Trash UFC circus, naps - $14M pool renovation reflecting all his failures - Ignored at the G7 - Star-studded list of artists for OPC opening - Signs surrender in (checks notes) Versailles
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Barry Butler Photography @barrybutler9.bsky.social · 20/06/2026
Today is American Eagle Day. Image captured in Illinois.
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DJ "Jo" NoneYa 🟧 @djnoneya.bsky.social · 19/06/2026
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MeidasTouch @meidastouch.com · 18/06/2026
Brutal community note
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Chris Murphy @chrismurphyct.bsky.social · 17/06/2026
He's lying. You know why we know? WE HAVE THE AGREEMENT HE SIGNED!!!! Here's the operative language: "The U.S. undertakes, together with regional partners, a comprehensive plan...for the rehabilitation and economic development of Iran...of at least $300 billion."
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Ben Collins @bencollins.bsky.social · 18/06/2026
It’s been five years since Alex Jones lost InfoWars to the Sandy Hook families. As the verdict came down, he asked: “Do these people actually believe they’re getting any money?” He hasn't paid them a penny. Well, The Onion is going pay them anyway. The new InfoWars begins July 2nd at 8 p.m. ET.
ms.now
The Onion says it won’t wait for the courts, will launch Infowars to pay Sandy Hook families
The Onion’s staff is tired of waiting for the courts to settle its pending takeover of Alex Jones’ brand, so the new Infowars will launch next month.
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GreyBruceInfo- Part Owner of Canada 🇨🇦 @brucegreyinfo.bsky.social · 14/06/2026
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alexis simpson is confused by display name changes @amutepiggy.bsky.social · 15/06/2026
my man looking like the baby from the Teletubby sun grew up to be an alcoholic
still from a tv showing coverage of the UFC white house fight. it's joe rogan in an ugly tie that's too short holding a microphone and looking like a blister with acne. You can see the white House in the background.
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The Phantom Judge You Harshly 🎃💀🦇🧛‍♂️ @judgeyouharshly.bsky.social · 15/06/2026
Joe Rogan is what'd happen if Sylvester Stallone and Elmer Fudd got into a transporter accident.
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Christopher Webb @cwebbonline.com · 15/06/2026
If true, that’s not a ceasefire. That’s a bribe.
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Data4Miles @datafourmiles.bsky.social · 13/06/2026
No matter how much money Elon Musk makes, this will be his legacy.
Headline of the NYT picture that reads “Elon Musk’s Legacy Is Disease, Starvation and Death” May 30, 2025. The black and white picture is of a soulless Elon Musk standing in a hall wearing a black blazer over a black T-shirt with white letters. No discernible words are visible.
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