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Pound Cake

@lbcake.bsky.social
126 followers 221 following 617 posts
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Pound Cake @lbcake.bsky.social · 13/10/2026
Interesting. They really need another “boogeywoman” to replace Nancy and Hillary. She’s young, attractive, and well-spoken so some of them won’t work but they want to damage her as much as possible for any future runs beyond her congressional seat.
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Radley Balko @radleybalko.bsky.social · 13/10/2026
I launched my newsletter 4 years ago this month after I was let go from the Washington Post. So toward the end of each year, I do a push for paid subscribers to help me continue doing my work. Here's a quick thread on some highlights from the past year . . .
radleybalko.substack.com
Four years of The Watch: And an appeal for your support
A thank you to the paid subscribers who make my work possible. You should join them!
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Chris Geidner @chrisgeidner.bsky.social · 11/10/2026
As I said to someone else recently, I eagerly look forward to a time when I never need to think about Rahm or Gavin again. (I get that, as governor of California, that’s not an option right now as to Newsom.)
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CalMatters @calmatters.org · 11/10/2026
Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes Gov. Gavin Newsom isn't just fighting the billionaire tax. He's backing Prop. 42, which would ban future wealth taxes in California, too.
cal.news
Gavin Newsom backs measure to kill the billionaire tax and ban future wealth taxes
Gov. Gavin Newsom isn't just fighting the billionaire tax. He's backing Prop. 42, which would ban future wealth taxes in California, too.
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David Simon @audacityofdespair.bsky.social · 11/10/2026
No doubt this has occurred to other bystanders as well, but it would seem that a handful of billionaires dropping $150 million into a single state's election in an attempt to defeat a wealth-tax initiative just about makes the entire case for a wealth-tax initiative.
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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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Chris Warren @christian-s-warren.bsky.social · 09/10/2026
You can still read it (for now) on archive.org: h/t @doctecazoid.bsky.social Let's Streisand Effect this! bsky.app/profile/doct...
archive.org
Internet Archive: Digital Library of Free & Borrowable Texts, Movies, Music & Wayback Machine
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e.w. niedermeyer @niedermeyer.online · 07/10/2026
there's a lot going on right now, but the ability to buy elections in order to stay out of prison is on the ballot whether you realize it or not
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Matthew Dowd @matthewjdowd.bsky.social · 01/10/2026
Latest WSJ poll: "63% want to pause AI development 61% want a billionaire wealth tax 59% want Medicare for All 57% want a $20 minimum wage 58% want to end U.S. military aid to Israel" This is the center of the country politically. it is time all adjust to this political spectrum, esp. media.
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Aaron Rupar @atrupar.com · 29/09/2026
🤡 Schmitt beclowns himself 🤡 Schmitt concocted an elaborate conspiracy theory that Smith traveled to Atl for a Hawks game and to collude with Fani Willis, & flashed his "evidence" before accusing Smith of perjury. There's just one problem -- his facts were totally wrong. Here's the whole sequence:
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Sherrod Brown @sherrodbrownoh.bsky.social · 29/09/2026
NEW AD: Listen to this sh*t.
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Jared Yates Sexton @jysexton.bsky.social · 26/09/2026
Just helping with editing here. These bots aren’t sentient. They’re doing what they’re programmed to do. OpenAI, a private company supposedly bound by laws, committed federal crimes.
Screenshot of BBC article: OpenAI bots (struck through) meddled with multiple US government agency sites
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Revolving Door Project @revolvingdoordc.bsky.social · 27/09/2026
Hakeem Jeffries' House commission on AI is stacked with lawmakers who've received huge campaign contributions from Big Tech and AI companies.
levernews.com
Big AI’s Favorite Democrats Are Writing The Party’s AI Plan
Hakeem Jeffries’ five-member AI commission is stacked with lawmakers backed by industry super PACs seeking to shape federal policy.
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Brian Beutler @brianbeutler.bsky.social · 26/09/2026
Wild. This should create a Streisand effect, which Dem ranking members can enhance by sending the companies document preservation demands. www.hollywoodreporter.com/business/dig...
hollywoodreporter.com
The Major Social Media Platforms Are All Rejecting Paid Ads for Alex Gibney’s ‘Musk’ (Exclusive)
YouTube, TikTok and Meta have all turned down the trailer for the Oct. 9 doc, citing “political” content. X won't even take Bleecker Street's calls. The distributor is appealing.
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Blue Virginia @bluevirginia.bsky.social · 26/09/2026
New Poll: Only 9% of Virginia Voters Have Heard “a Lot” About Proposed NextEra Purchase of Dominion Energy (After being informed, voters overwhelmingly (63%-10%) OPPOSE the deal) bluevirginia.us/2026/09/new-...
bluevirginia.us
New Poll: Only 9% of Virginia Voters Have Heard "a Lot" About Proposed NextEra Purchase of Dominion Energy - Blue Virginia
Yesterday, WHRO reported on a new poll of Virginia voters, focused on energy issues, and including the proposed NextEra acquisition of Dominion Energy. See below for a few highlights and my reactions....
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Bobby Kogan @bbkogan.bsky.social · 26/09/2026
I think something to consider here is that Collins voted to confirm Russ Vought as OMB Director despite the fact that he said a billion times that he thought Trump had a constitutional right to illegally impound funds, and now she’s doing shocked Pikachu reactions.
Sen. Susan Collins • fAl
劉
@SenatorCollins
X.com
Without warning or consultation, Congress just received an $810 million package of pocket rescissions from the Administration. This is the most recent attempt by this Office of Management and Budget (OMB) to undermine Congress's Constitutional power of the purse.
This move shows that OMB intentionally withheld these funds for months to execute this unlawful cancellation of appropriations that were approved on a bipartisan basis and signed into law.Not only is the delay itself an impoundment that was not reported to Congress, but also it is a usurpation of Congress's appropriations powers.
OMB is an agency of the executive branch. It does not get to decide which programs are worth funding.
The independent Government Accountability Office has concluded that pocket rescissions are unlawful and not permitted by the Impoundment Control Act. Any effort to rescind appropriated funds without congressional approval is a clear violation of the law.
I will work with my colleagues to address these illegal actions.
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Matt Novak @paleofuture.bsky.social · 26/09/2026
This is the trailer that all the major platforms refuse to run as a paid ad:
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Sherrod Brown @sherrodbrownoh.bsky.social · 24/09/2026
Jon Husted just voted to continue the Iran war for the 14th time. While Ohioans are paying record high costs at the gas pump and the grocery store, Jon Husted is voting for more war – and costing you more money – every chance he gets.
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HELL Kennedy @helenkennedy.com · 22/09/2026
I'm going to collect reports like this of staunch Republicans running away from Trump in this thread:
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Pound Cake @lbcake.bsky.social · 22/09/2026
The FBI just happened to notice these donations to Collins in the summer of 2018 when there was an all-out effort to confirm Kavanaugh…
Screenshot of article that highlights when FBI spotted out of blue donations occurred in summer of 2018.
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Jesse Eisinger @jeisinger.bsky.social · 22/09/2026
NEW: In ‘24, the FBI sought to launch a sweeping bribery probe that could ensnare top lawmakers, including Sen. Susan Collins. Then Trump eviscerated the FBI & DOJ public corruption teams. ProPublica unearthed the investigation and you can read it 👇 www.propublica.org/article/fbi-...
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Pound Cake @lbcake.bsky.social · 20/09/2026
cc: @abigailspanberger.com
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Joshua Foust 🪖🎮 @joshuafoust.com · 18/09/2026
Again, there is clear evidence a data center moratorium would peel far more votes away from the GOP than the 10-15 (not thousand, literally 10-15 total) who might switch over this same crowd’s demand to betray queer people. It’s malpractice that the party won’t ditch these professional losers.
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Evan Sutton @evansutton.bsky.social · 15/09/2026
No matter what the Court ruled, Trump and his goons are going to try some fuckery. Don't give them a chance. Drop your ballot off at a drop box, vote early in-person, or vote in-person on Election Day. Do. Not. Give. Trump's. Goons. The. Chance. To. Throw. Out. Your. Vote.
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Pound Cake @lbcake.bsky.social · 13/09/2026
Chris Christie just said Bush was intellectually curious (along with Clinton and Obama) LOL 😂 I guess he felt like he had to throw in a Republican. Maybe he meant HW…
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Pound Cake @lbcake.bsky.social · 08/09/2026
cc: @abigailspanberger.com No reason to give these data centers any kind of incentives.
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🗽LOLGOP🗽 @lolgop.bsky.social · 08/09/2026
Ohio GOP is trying to get the left of Dems on data centers because Brown is tearing Husted a data center-sized asshole. CANNOT LET THIS HAPPEN.
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Pound Cake @lbcake.bsky.social · 08/09/2026
Really hope that VA Dems can put someone other than her up for next VA senate vacancy because she’s terrible on this stuff. She will get hit from both sides on these issues if they remain relevant.
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Katie Mack @astrokatie.com · 02/09/2026
There are endless studies showing this and also the financial and societal benefits of universal basic income and or housing-first policies but the U.S. never goes for any of it because it would require allowing the poor to receive benefits that the rich consider “undeserved”
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Jake Grumbach @jakemgrumbach.bsky.social · 28/08/2026
The pitch of the Democratic leadership, Democratic-adjacent pundits like Chait, and Democratic consultant firms touting 'popularism' is that Trump is an existential threat so every Dem must sacrifice to win general elections at all costs. But on this issue, they'd rather lose than sacrifice.
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Daniel Radosh @radosh.bsky.social · 25/08/2026
Republicans have spent the last year trying to defund Dolly Parton
article about proposed GOP cuts to Imagination Library in Indianaarticle about proposed GOP cuts to Imagination Library in Kentuckyarticle about proposed GOP cuts to Imagination Library in Missouriiarticle about proposed GOP cuts to Imagination Library in Washington
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Kyle Griffin @kylegriffin1.bsky.social · 25/08/2026
Reminder: Dolly Parton helped fund the Moderna vaccine for COVID.
nytimes.com
Dolly Parton, who helped fund the Moderna vaccine, gets a ‘dose of her own medicine.’ (Published 2021)
The country music star broke into song before she was inoculated, and urged her fans to “get out there and get your shot.”
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Gil Durán @gilduran.com · 24/08/2026
Every progressive gets chased around about their relationship to Hasan Piker. Has ONE reporter ever asked JD Vance about his embrace of the insane and anti-democratic ideas of Curtis Yarvin? Or about his relationship with democracy-hater Peter Thiel? The imbalance is stark.
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Asawin Suebsaeng @swin24.bsky.social · 21/08/2026
This goes without saying but if you were a prominent dem who Didn’t embrace since at least February or March 2025 the “make him unpopular on Everything you can, don’t just talk about eggs and premiums or w/e” approach, you have the instincts of a goldfish and maybe aren’t qualified for the job
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Dan O’Sullivan @osullyville.bsky.social · 19/08/2026
This is the nut graf here to me. The MLB needs to be fierce and put on a full-court press here, and they almost certainly won't, which means it will be open season on a sports league which relies on Latin American players to make billions.
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Michael Steele @michaelsteele.bsky.social · 20/08/2026
He should resign.
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Pound Cake @lbcake.bsky.social · 19/08/2026
So good to see @joanwalsh.bsky.social on my tv!
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Pound Cake @lbcake.bsky.social · 19/08/2026
@senlouiselucas.bluesky.bot @donscott757.bsky.social @barbarafavola.bsky.social @hopeforvirginia.bsky.social
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Pound Cake @lbcake.bsky.social · 19/08/2026
@arlingtonva.us Ours have been so boring for so long…
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Pound Cake @lbcake.bsky.social · 18/08/2026
Classic example of media handling of Ds vs Rs: Media: It’s not our job to call out bad Rs or their actions if Ds aren’t doing it D: Calls out Trump for a range of issues Rs: Picks one issue, mischaracterizes it, and cries to the media Media: Accepts Rs framing of issue Wash. Rinse. Repeat.
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Adam Bonica @adambonica.bsky.social · 16/08/2026
The fundraising texts you delete are working on someone. It’s infuriating and heartbreaking. An 85yo in Ohio gave more than double the value of his home. A 91yo in an Indianapolis senior facility gave 25K times. The DCCC/DSCC don’t just tolerate the spammers who exploit seniors. They take part.
data4democracy.substack.com
Hook and Squeeze
How Democratic consultants, committees, and party leaders built a fundraising spam pipeline that funnels money from a captive pool of elderly donors into their own operations.
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Pound Cake @lbcake.bsky.social · 16/08/2026
@kristenwelker.bsky.social wants to seem tough without being tough. She always leaves an open escape path with her questions. She’s been doing it long enough that it’s either intentional or incompetent.
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Team Talarico @teamtalaricohq.bsky.social · 14/08/2026
NEW AD: 14 years ago today, Ken Paxton stole someone's $1,000 pen. Today, Ken Paxton’s pen victim is endorsing James Talarico.
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Julie Cohen ❌👑 @filmmakerjulie.bsky.social · 09/08/2026
BAD: GOP Sen Jim Banks lying about @abdulelsayed.bsky.social’s positions, falsely claiming that El-Sayed called for open borders and abolishing prisons. WORSE: @kristenwelker.bsky.social letting Banks’ lies go uncorrected. I was able to fact check on Google in 2 min. WHERE ARE HER PRODUCERS?
Welker & Banks on meet the Press, seen on tv screen.
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John Schwartz @jswatz.bsky.social · 04/08/2026
Gee, looks like when you panic about political trends and try to keep people from voting, they get mad. www.texastribune.org/2026/08/04/t...
texastribune.org
Arrests made during Tarrant County meeting on voting site cuts
Lon Burnam, a former Texas House Democrat, was carried out of the meeting by deputies who told him he was under arrest.
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Pound Cake @lbcake.bsky.social · 03/08/2026
Shame on every Republican that goes along with this including Tillis and Cornyn who led these negotiations.
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Pound Cake @lbcake.bsky.social · 02/08/2026
Reminder: Susan Collins was not concerned when she voted to give $70 billion to ICE without guardrails. She also voted against an amendment requiring body cameras. She gets no credit now after someone was killed in her state.
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Greg Sargent @gregsargent.bsky.social · 31/07/2026
Susan Collins, who voted for $70 billion in no-strings-attached ICE funding, is now taking credit for securing new bodycams to distance herself from Trump and ICE. This is how Collins wins in Maine. Dems must go on offense on ICE to thwart this scam. New from me: newrepublic.com/article/2138...
newrepublic.com
What Susan Collins Just Did on Trump and ICE Should Worry All Dems
She voted for $70 billion in no-strings-attached ICE funding. But now she’s taking credit for a new bodycam commitment from ICE. Democrats can’t let her get away with this.
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Michael McDonald @electproject.bsky.social · 30/07/2026
Unsurprising that a guy who became rich by creating a creep app rating the looks of college girls can’t make sound business decisions
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