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Restating the obvious…

@norcalgardenofeden.bsky.social
1.2K followers 464 following 7.5K posts

Free-Trade Radical looking for a blade to sharpen. Wish I had something funny to say. Let’s go rafting! California Apoligist

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Restating the obvious… @norcalgardenofeden.bsky.social · 1h
Maybe we are really going to destroy another couple percentage points of global distillate capacity, just to make sure we are really doing electrification this time!
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Jake Grumbach @jakemgrumbach.bsky.social · 13h
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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Materialist Gnostic @walmsley.bsky.social · 12h
maybe it's just my inner old man but I have to be honest and say that I don't think the stealing cars and shooting hookers game has a unique artistic vision you'd deprive yourself of by over-customizing it
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Restating the obvious… @norcalgardenofeden.bsky.social · 09/10/2026
we haven’t actually reached the nadir of this shit show, gotta save some energy to stay awake and ready for the crescendo
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Keith @mosheroperandi.bsky.social · 09/10/2026
It's quite literally human sacrifice. They continue to cargo cult fascism, because "fake it until you make it" is the only thing they know. They're hoping a ritual public killing will bring their flagging power and legitimacy back, no different from previous sacrifice religions.
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Restating the obvious… @norcalgardenofeden.bsky.social · 09/10/2026
seriously, when is it going to happen?
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Regime Accountant, CPA ☠️🎢 @regimecpa.bsky.social · 09/10/2026
Thinking about how my criminology professor made me read some papers that showed murder rates spiked after well covered state executions
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Restating the obvious… @norcalgardenofeden.bsky.social · 09/10/2026
Oh hell yeah brother Jon!
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William Gibson @greatdismal.bsky.social · 09/10/2026
Having long been aware of those tech bros who read my work as utopian porn, where they’ve taken that doesn’t exactly surprise me.
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Restating the obvious… @norcalgardenofeden.bsky.social · 09/10/2026
let’s speedrun the end of the death penalty in America via a series of ever escalating cruelties and displays of violence. Could be a silver lining of this fascist cloud?
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Colin @colin-fraser.net · 08/10/2026
I feel like OpenAI could do a little bit better job acting like they give any amount of a shit whatsoever about the results they are publishing. They're just like, here, you piggies love this math shit right, here's a million pages of it. Should be mostly right.
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פינחס יוסף מונד @pymundgenealogy.bsky.social · 07/10/2026
My Judaica publisher told me rabbis keep filling his Talmud margins so I asked how many margins he has and he said he just goes to print and adds wider margins afterwards so I said it sounds like he’s just feeding whitespace to rabbis and then his printer started crying.
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
You know it’s coming to a FAR update…
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
War for Halloween!
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
join the continental red brigade or put a big short via market options and ride it to the bottom
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
This man meets the definition of a neo-Nazi on multiple dimensions and in plain language.
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
Celebrity shit poast extraordinaire
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ghost malone ergo propter bones @proptermalone.bsky.social · 07/10/2026
i've never been a cultural relativist so this is easy for me: the culture of the American Right fucking sucks. they worship malice and mediocrity. they venerate nothing of value.
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Rachel Courtland @rachelcourtland.com · 08/10/2026
RIP to the world's first software engineer news.mit.edu/2026/margare...
news.mit.edu
Margaret Hamilton, computing pioneer who led software development for the Apollo program, dies at 90
Margaret H. Hamilton, a profoundly influential computer scientist best known for leading the software engineering team at MIT’s Instrumentation Lab during NASA’s Apollo program, died at age 90.
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
After I pop a cork in Sacramento I am absolutely driving into San Francisco for the street party…
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
If people have 2 computers they are sex pest, 51% of the time.
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
Fuck Thom Tillis and the book he rode in on.
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Astreia @redoubters.bsky.social · 08/10/2026
This month is the 10th anniversary of David S Pumpkins
youtube.com
Haunted Elevator (ft. David S. Pumpkins) - SNL
YouTube video by Saturday Night Live
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
What is this fucking garbage…like some sort of Einstein deserves the ovens joke?
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
This is the content I’m looking for on my microblog site of choice.
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LOWρUFO 🇺🇦🇵🇸🌍 @lowrhoufo.bsky.social · 08/10/2026
Can you imagine how bad it'd be if shit sucked in a way that wasn't generally somewhat funny?
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
I’m tired of judging people on a curve because they have an asshole parent(s)…yes he is warped by wealth, but I’m tired of that two-step, if the most privileged get a pass on being actualized citizens at birth on top of the regular privilege…c’mon he should be judged more harshly!
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Katherine Alejandra Cross @quinnae.com · 07/10/2026
Wynn's Law remains undefeated.
Contrapoints saying "They don't want victory, they don't want power, they want to endlessly 'critique' power."
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
Okay, if a woman can no longer be in public going about her civil business we are cooked…and more cops aren’t going to fix this. they might even make it worse.
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Restating the obvious… @norcalgardenofeden.bsky.social · 08/10/2026
Loser! Still sucking Trump’s dick this late in the game?
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LOWρUFO 🇺🇦🇵🇸🌍 @lowrhoufo.bsky.social · 07/10/2026
"How do you actually use it for irl problems" was always a reductive take on mathematics as an academic discipline, but if it's going to be operated more like an oil refinery, that becomes a pretty useful question
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
Hell of a design choice! www.youtube.com/watch?v=2gY0...
youtube.com
New sideshow deterrent installed at North Stockton intersection
YouTube video by CBS News Sacramento
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
That’s why we get extra dessert at the commune, they know our existence is ruined even in utopia, and so we deserve our treats.
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Michael Hobbes @michaelhobbes.bsky.social · 07/10/2026
The most psychotic possible framing of this archive.is/202609271858...
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itty bitty fairy @krissywrites.northsky.social · 06/10/2026
Perry reportedly visited the nuns to win them over, and is said to have shown them her tattoo of Jesus and sung a hymn for them. But the pair remained unconvinced.
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Pabst Boo Ronin @pabstblueronin.bsky.social · 07/10/2026
They will NEVER understand our relationship with the land (parking lot where you buy fentanyl)
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
Maine, where they rub salt in their own wounds.
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
In the parlance of our times: Temu Obama
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Chatham Harrison dba TRUMP DELENDUS EST @chathamharrison.bsky.social · 07/10/2026
No one, not even presidents, is so thoroughly insulated & flattered. Nine little Romanovs
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Barrista @onbluskysku.bsky.social · 07/10/2026
Turns out buying off the hereditary local warrior class to stop beating commoners in the street just makes a fertile ground for fascism a few decades from now. So yeah we can’t let them stay
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
The Lord is not with us, it’s just a dumb mother fucker named Uncle Sam.
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Restating the obvious… @norcalgardenofeden.bsky.social · 07/10/2026
I want one!
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Restating the obvious… @norcalgardenofeden.bsky.social · 06/10/2026
Talk about projection…
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the Mountain Goats @themountaingoats.bsky.social · 06/10/2026
you’re half right. these are my clowns, but this still isn’t my circus
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fesshole 🧻 @fesshole.bsky.social · 06/10/2026
I spend an inordinate amount of time wandering round the house doing Columbo impressions. "Just one last thing, Mrs Dishwasher, there's something that's been bothering me... this spoon right here. Its been through 3 cycles now... it's still not clean. I just don't understand it."
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Restating the obvious… @norcalgardenofeden.bsky.social · 06/10/2026
I actually think that at a certain point cognitively, some elderly adults just can’t make this change. Israel has had special outsize meaning to many people who otherwise have lived moral and upright lives. Yeah you want to scream at them but pick your spots…
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Restating the obvious… @norcalgardenofeden.bsky.social · 06/10/2026
Feeling their way though the cool zone…
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Restating the obvious… @norcalgardenofeden.bsky.social · 06/10/2026
All he has to do is start Sephiroth posting on main, and then I will call him brother.
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Cameron 🇺🇸🗽🦅 @cameroncorduroy.bsky.social · 06/10/2026
the IRS is so badly funded that the most recent time we actually measured tax evasion was 2016 btw this should be a yearly report! but instead the sum of all federal knowledge regarding the tax gap is like five spreadsheets where half the numbers are derived from decades-old figures
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worm @rfksbrainworm.bsky.social · 06/10/2026
that ain't a sine function anymore
Daily Sea Surface temperature chart dating by to 2008 by month. Previous years follow a roughly sinusoidal path. The current year shows an anomalously high temperature that increases monotonically
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