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GT

@mahora.bsky.social
383 followers 477 following 859 posts

Semi-retired in sunny Hawkes Bay New Zealand after a long career in secondary education and a two term career in local government.

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Reposted by GT
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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GT @mahora.bsky.social · 09/10/2026
Labour. I’m in Tukituki.
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GT @mahora.bsky.social · 06/10/2026
Happy Birthday for yesterday. You’re my birthday twin except I’ve got 20 years on you.
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GT @mahora.bsky.social · 28/09/2026
He needs to look at Hansard.
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GT @mahora.bsky.social · 26/09/2026
Daylight saving singular. Don’t make me scream!
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GT @mahora.bsky.social · 26/09/2026
This Daylight Saving singular! Don’t make me scream.
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Reposted by GT
Mountain Tui @mountaintui.bsky.social · 22/09/2026
The surprise isn't that foreign fossil fuel & tobacco funded astroturf group Taxpayers Union is the subject of Nicky Hager's new book It's that NZ media including The Post, Stuff, RNZ, TVNZ etc keep profiling & interviewing these people and groups #NickyHager #Dirtywork
Newsroom: Chiding in Plain sight
An article on Taxpayers Union and Jordan Williams from 2024
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Bruce Buckman @brucebuckman.bsky.social · 22/09/2026
All of the three parties in the coalition have indulged in providing a streamlined gateway for anti-evidence groups to get their fringe ideas written into policy. The most anti science, anti research, anti expertise government we’ve had in living memory. www.stuff.co.nz/politics/361...
stuff.co.nz
NZ First’s health policy copy-pasted from advocacy group’s website
New Zealand First released a health policy on Sunday that is largely copy-and-pasted from a charitable trust called Make New Zealand Healthy.
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Sassy Little Hobbit @sassypolitico.bsky.social · 18/09/2026
Well I sure am glad that every day New Zealanders will never find out about this.
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GT @mahora.bsky.social · 09/09/2026
We just got our bill last night. This is around our usual time.
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GT @mahora.bsky.social · 05/09/2026
I agree. Where would you find our ‘tribe’?
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Abbie Jury 🌱 @tikorangi.bsky.social · 05/09/2026
Paddy Gower filling in on Saturday Morning was too much for me, on top of Wallace Chapman. I had to write to RNZ. There is a feedback form on their site.
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David Clegg @delphijunkie.bsky.social · 03/09/2026
The fact that our media has to publish articles like this should be a real black mark against our current government for disenfranchising voters. www.rnz.co.nz/news/politic...
rnz.co.nz
Explainer: Why you need to enrol to vote by 25 October
Explainer - If you plan on casting a vote in November's general election, the clock is ticking - unlike past elections, you have to enrol well before Election Day this year to get your say at the ball...
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GT @mahora.bsky.social · 02/09/2026
They need to observe at least one of the key transition points ie coming or going. That tells you so much about relationships, class management, tone and whether the kids are engaged.
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Gary Chiles 🚲 🍄 ☕ 🦚 🐱 𝟜 𝟚𝟘 @testtubeone.bsky.social · 29/08/2026
Thousands of VOTERS set to lose access to unemployment benefits. Can't vote if you're not enrolled. vote.nz/enrolling/en... Don't let the unaware egg and his callous sidekick get away with this. Enrol. Vote. #OneTermGovernment #nzpol
rnz.co.nz
Thousands of youths set to lose access to unemployment benefits after welfare law change
Thousands of youths across the country are set to lose access to unemployment benefits, after a welfare bill passed into law under urgency on Friday night.
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2covet @2covet.bsky.social · 29/08/2026
#nzpol The real reason why this corrupt govt has shifted the voter enrolment deadline is: 1. This govt chose to increae youth unemployment. 2. The election is on 7 Nov; and 3. Benefits paid to youth are being stopped from 1 November 2026. www.rnz.co.nz/news/politic... www.rnz.co.nz/news/communi...
rnz.co.nz
'Alarming' youth unemployment hits poorest communities hardest
School leavers in some of the country's poorest and smallest districts face a near impossible battle to find work or training places, with unemployment among 15- to 24-year-olds jumping dramatically i...
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Robot Muldoom @robot-muldoom.bsky.social · 25/08/2026
Since the coalition was elected, landlords have received benefits equivalent to more than 25 years of Treaty settlement redress. #nzpol
nzherald.co.nz
Landlord tax break cost rose by $800m to $2.9b
National’s pre-election fiscal and tax plans costed the policy at $2.1b.
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GT @mahora.bsky.social · 23/08/2026
It was interesting here in New Zealand, our beautiful birds came back into the city. We still have multiple visits from beautiful Tui every day. They come for the sugar water we put out.
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GT @mahora.bsky.social · 23/08/2026
I enjoyed that time and felt grateful for being safe.
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GT @mahora.bsky.social · 22/08/2026
I got it in the 4th form!
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Alan (not ekshully a B'Stard) @alans-world.bsky.social · 14/08/2026
#NZpol I will forever peg Brown as one of THE most dangerous politicians we've ever had: relentlessly anti-evidence, utterly ideological, the personification of short termism and the trading floor as political philosophy and govt policy. He is delivering FATAL blows to the country FOR GENERATIONS!
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GT @mahora.bsky.social · 13/08/2026
Could all be done so much more cheaply in public. Why don’t they resource them properly? It’s the same surgeons in each case.
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GT @mahora.bsky.social · 09/08/2026
Do they not have air purifiers?
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Reposted by GT
laragreaves.bsky.social @laragreaves.bsky.social · 07/08/2026
We made an app! There is fairly widespread concern that turnout and enrolment will be low this election, so we made an app to help make enrolment and turnout data more accessible for communities. All data are drawn from the NZ Electoral Commission's website. turnout.inzight.co.nz
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GT @mahora.bsky.social · 05/08/2026
Depends on the bylaws of your local council which vary around the country.
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GT @mahora.bsky.social · 02/08/2026
Hopefully it’s a sunset industry. I went electric as soon as they stopped forecourt service. To this day I don’t know how to pump gas.
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GT @mahora.bsky.social · 22/07/2026
Exciting!
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GT @mahora.bsky.social · 21/07/2026
Thanks for sharing that. I had similar doubts about my ability to pass but as you say good practical stuff.
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GT @mahora.bsky.social · 19/07/2026
On Amazon for $103 AU
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GT @mahora.bsky.social · 19/07/2026
Here you go!
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GT @mahora.bsky.social · 18/07/2026
From a diagram I saw on threads or twitter, they appear to supply to Costco.
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GT @mahora.bsky.social · 18/07/2026
I get around this with prodigious use of a nasal spray like Viraleze or Dymista. I have a personal air purifier and a little UVC light which I put on the desk in front of me. Happy to share details of brands etc.
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Joanna Kidman @joannakidman.bsky.social · 17/07/2026
Lest we forget, Cook attempted to enter Wellington harbour on two occasions (once on the Endeavour and once on the Resolution) and failed both times. Not a good omen really. www.rnz.co.nz/news/politic...
rnz.co.nz
Kupe and Cook: Names of new Cook Strait ferries announced
The two new Cook Strait ferries will be named Kupe and Cook.
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Watershitdown @watershitdown.bsky.social · 16/07/2026
This will get less media attention than the last few days of fawning Paul Henry stories.. #nzpol www.stuff.co.nz/nz-news/3610...
stuff.co.nz
‘I am guilty’: Former ACT Party president has jail time added for latest sex charge
The latest victim of Timothy Jago said he still suffers from fear and anxiety after he was sexually abused in the 1990s.
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GT @mahora.bsky.social · 16/07/2026
Yum
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Patriotic Millionaires UK @patmillsuk.bsky.social · 08/07/2026
What does a wealth tax actually look like? We sent Brighty Buoy and his tiny balls to Wimbledon to chat to fans 🎾
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GT @mahora.bsky.social · 08/07/2026
Proud to be in the 1%!
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GT @mahora.bsky.social · 06/07/2026
Quite right!
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Reposted by GT
Char Of AotearoaNZ @kiwichar.bsky.social · 03/07/2026
Food for thought…💭🤔 #nzpol #NZ #OneTermGovernment #Election2026NZ
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Kent Duston @kentduston.bsky.social · 02/07/2026
Remember: if you’re a Green-leaning Left voter, you’re not the target demographic for Opportunity - but if you’re a disaffected National voter that doesn’t like the swing to the hard right then you absolutely are … hence the positioning #nzpol
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Happykiwi_nz @kiwihappy.bsky.social · 02/07/2026
I will vote for the party that does this. #nzpol
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GT @mahora.bsky.social · 02/07/2026
Where are you getting them from?
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Bronwyn Hayward @bmhayward.bsky.social · 07/06/2026
corruption allegation facing NZ 2 NZ firms draft a law to stop a Māori leader challenging their climate inaction. A senior staffer to NZ PM received it in undisclosed, private email Govt defence? they’d have drafted a law anyway OECD: NZ lacks lobby regulation www.oecd.org/en/publicati...
oecd.org
Anti‑Corruption and Integrity Outlook 2026: New Zealand
This country-specific factsheet draws from Public Integrity Indicators data on key aspects of countries’ integrity systems, including lobbying, conflict of interest and judicial integrity.
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GT @mahora.bsky.social · 24/06/2026
Wordle 1,832 2/6 ⬜🟨⬜⬜🟨 🟩🟩🟩🟩🟩
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GT @mahora.bsky.social · 23/06/2026
We had a discussion a few years ago. You’re descended from Silvester and me from Joseph.
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GT @mahora.bsky.social · 23/06/2026
Ah there you are Vincent cousin!
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Craig Shearer @craigshearer.bsky.social · 21/06/2026
For all the people who think if we tax the super wealthy they'll just leave. No, most of them won't. #nzpol
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GT @mahora.bsky.social · 22/06/2026
Yes they thought she was fabulous.
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GT @mahora.bsky.social · 22/06/2026
Done!
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Abortion Law Reform Association of New Zealand Aotearoa @alranz.bsky.social · 16/06/2026
The #antichoice #antiabortion unqualified Health Minister Simeon Brown has removed 2 health professionals from the Medical Council b/c 'ideology'. This is unhinged & a tactic from the anti- #abortion playbook. He is positioning himself to be the decision maker to then attack abortion rights #nzpol
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