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pjdfive.bsky.social

@pjdfive.bsky.social
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James Medlock @jdcmedlock.bsky.social · 14h
A lot of rich guys want you to think that the bar on the right is always going to be bigger than the bar on the left.
Vertical bar chart titled "Norwegian wealth tax revenue, change from 2021 to 2024," in billions of Norwegian kroner (BNOK), nominal. Subtitle: top rate 0.85% to 1.1% and stock valuation discount cut from 2022.

Two bars. "Growth with no emigration": 13.71 BNOK, a tall bar. "Lost to reform-driven emigration": 0.65 BNOK, a barely visible stub, about one-twenty-first the height.

Notes: Growth includes the rate and valuation changes and wealth growth. Net of tax that emigrants still paid, the reform-driven loss is 0.49 BNOK.

Source: Ring (2026), NBER Working Paper 35854, equation 2 and figure 5.
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California YIMBY @cayimby.bsky.social · 08/10/2026
LA mayoral candidate Nithya Raman says she'd add a "shot clock" to housing permits in her first 100 days. It sets a deadline for the city to act on a permit. Long waits raise interest and land costs for builders while they wait. kfiam640.iheart.com/content/2026...
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Andrew Burton @burtonad.bsky.social · 08/10/2026
With an assist from the Supreme Court (US v Cruikshank, 1876). Plus ça change, etc.
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Chris Hayes @chrislhayes.bsky.social · 08/10/2026
I've been immersed in research on Reconstruction in Lousiana and it's a very difficult truth to absorb that the white terrorist movement in the South was among the most successful terrorist movements in global history. Took 10 years but it won a total & complete victory through murder and atrocity.
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Kevin Collins @kwcollins.bsky.social · 09/10/2026
This was a really good podcast with @gelliottmorris.com and @davidnir.com on how midterm horserace polls could be wrong -- in either direction. Really gets into the weeds in a great way. And as much as I generally hate video podcasts, this one has graphs www.gelliottmorris.com/p/2026-10-08...
gelliottmorris.com
The case for and against the polls
Elliott and David explain both sides of the current debate over the accuracy of the polls, and talk through the state of play in races for governor in nine states.
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Michael Derby @michaelsderby.bsky.social · 09/10/2026
A cop warns on the price of witnessing death.
As a homicide detective, I can say with all of my being that there is no lesson learned in seeing someone die. But there is a price. And that price is your peace. Your decency. And the soul of our society.
We don't have to be this way, this fake tough but real ugly way. Stop
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Andrew Lawrence @ndrew.bsky.social · 08/10/2026
they did the thing
an october 11 2025 post from me reading: every single tech idea is like “soon our robots will be capable of playing catch with your kid, freeing you up to spend more time working on your employers’ spreadsheets”
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Eugene Vinitsky 🍒 @eugenevinitsky.bsky.social · 07/10/2026
We mostly have one common word, "understand", that needs to carry multiple levels like: 1. I can parrot the definition back 2. I can explain its relation to other concepts 3. I can solve exercises related to it 4. I can solve problems related to it 5. I can derive new knowledge atop it
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Adam Serwer @adamserwer.bsky.social · 08/10/2026
I think people should listen to what the administration trying to bring back spectacle lynchings, race riots, and middle passage-esque deportation voyages are trying to tell you about themselves. bsky.app/profile/bren...
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Jake Grumbach @jakemgrumbach.bsky.social · 09/10/2026
Can’t hate, this is a great piece from Astead Herndon www.vox.com/politics/505...
But importantly, Clyburn's policy positions - and those of the larger Congressional Black Caucus — are increasingly out of step with public opinion. Voters, including Black ones, want corporate money out of politics. And like much of the Democratic base, Black voters have also shifted left on Israel and are skeptical of things like Big Tech. Meanwhile, CBC members like Jasmine Crockett are awash in crypto-industry money — from the likes of Marc Andreessen and the Winklevoss twins. At the CBC's recent legislative conference, one of the "top sponsors" was Palantir Technologies - the data firm with major ICE contracts - even as the Congressional Hispanic Caucus canceled its financial relationship with the group.
Black Democrats have never lived in a world where corporate cash was this unpopular, anti-Israel sentiment was this high, and their relationship with Big Tech was so under scrutiny. And in talking to Clyburn, I felt that distance.
RELATED:
• America, Actually: The Boomer politicians who won't retire
• America, Actually: Angie Nixon's playbook to be Florida's next senator
The upstart
Contrast that to Angie Nixon, the Democratic nominee for the US Senate in Florida.
After Nixon won her primary — a 12-point victory (56-44) against a candidate who outraised her roughly 17 to 1 — all the focus went to why she couldn't win the general election. She became a DSA member this year, making it easy for Republicans to tag her as a socialist (she says she's not). There was her pro-Palestinian advocacy. Her lack of fundraising. And Democratic commentators used that to write her off on primary night, before the candidate had any chance to introduce herself to the general public.
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James Medlock @jdcmedlock.bsky.social · 27/09/2026
The GOP cut funding to the IRS because *audits work* and they fundamentally don't believe rich people should have to play by the rules.
Line chart titled "Revenue per audit," subtitled "In-person audits, 2010-2014." It plots average revenue and average cost per audit by taxpayer income percentile, poorer to richer, from the 0–5th percentile to the top 0.1%. Source: Boning et al. 2023, "A Welfare Analysis of Tax Audits Across the Income Distribution."

Across the bottom half of the income distribution, revenue and cost track closely, both around $3,000–$6,000 per audit. Above the median, revenue pulls ahead of cost: about $10,000 vs. $5,000 near the 90th percentile, and about $17,000 vs. $8,000 at the 95th–99th. At the top, revenue jumps to about $31,000 for the 99–99.9th percentile and about $90,000 for the top 0.1%.
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ProPublica @propublica.org · 06/10/2026
The government *still* isn’t tracking how often immigration agents detain U.S. citizens. We are. 500+ Americans have been handcuffed, held at gunpoint or held against their will in Trump’s second term. Our tally is almost certainly an undercount. THREAD (content warning: violence) ⬇️
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Rev. Dr. Everett Howe @ewhowe.com · 07/10/2026
What is it with the opinion writers?
NYT headline and byline:

OPINION
EZRA KLEIN

Charlie Kirk Was Practicing Politics the Right Way

By Ezra Klein
Opinion Columnist
Sept. 11, 2025
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Carceral Abolition @carceralabolition.bsky.social · 08/10/2026
Shortages of crucial HIV medicines due to aid cuts are a ‘warning’, say experts More than half of organisations providing HIV care surveyed by International Planned Parenthood Federation said they had run out of stock at some point during past 12 months www.theguardian.com/global-devel...
theguardian.com
Shortages of crucial HIV medicines due to aid cuts are a ‘warning’, say experts
More than half of organisations providing HIV care surveyed by International Planned Parenthood Federation said they had run out of stock at some point during past 12 months
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Carl Quintanilla @carlquintanilla.bsky.social · 07/10/2026
SHELL CEO: “There’s a limit to how much those shock absorbers can continue to take. .. We have maybe softened the worst impact of the crisis, but there is only so long that you can continue to do that without further discontinuities emerging.” @bloomberg.com www.bloomberg.com/news/article...
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Jane Coaston @janecoaston.bsky.social · 07/10/2026
they were *lying* when they were "worried" about Asian-American college applicants, and they are *lying* now when they're "worried" about "strivers." They do not want non-white people being in any way superior (or evident) to white people. that's it. that's the whole thing.
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Diana Moskovitz @dianamoskovitz.bsky.social · 06/10/2026
“I Got Friends That Will Hurt Her”: Court documents describe audio recordings and video footage that Tyreek Hill wants kept out of his divorce trial. It includes a proposed confidentiality deal that would have barred his estranged wife from sharing video with the NFL.
defector.com
"I Got Friends That Will Hurt Her": Court Documents Describe Audio Recordings And Video Footage Tyreek Hill Wants Kept Out Of His Divorce Trial | Defector
To hear powerhouse sports agent Drew Rosenhaus tell it, his client, the once-electric receiver Tyreek Hill, could sign with a new NFL team at any moment. From a football-only perspective, the agent’s ...
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Aaron Rupar @atrupar.com · 07/10/2026
Troy Jackson after Collins takes credit for rural healthcare cuts in big beautiful bill not being as bad as they could've been even though she voted to advance the bill: "Sen. Collins is like an arsonist who helped set the fire, and then she wants credit for bringing a cup of water to put it out"
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elias isquith @eliasisquith.blog · 06/10/2026
my preferred critique of white lotus - which i stole from someone and i can’t remember who, sorry - is that it exists so that the 5% can feel class resentment and self righteousness towards the 1% (ie their bosses)
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Patrick Wyman @patrickwyman.bsky.social · 06/10/2026
When I poured concrete, you called a line around 5 PM every night. The boss left a long recording laying out who would be on which crew at what location the next day, complete with turn-by-turn directions to get you there, sometimes 200 miles away. I know a lot of weird Central Washington spots.
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Frank Pasquale @frankpasquale.bsky.social · 03/10/2026
“What is the Fed to do? Admit the reduced potency of their primary policy tool, hold rates steady and risk inflation running higher? Or hit housing and other cyclical sectors even harder, creating an even more lopsided economy?” www.ft.com/content/9f96...
ft.com
My mortgage is a problem for the Fed, and for America
Homeowners like me are staying put, the market is frozen and affordability is as ugly as it was in the housing bubble
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Nicholas Mancuso @nmancuso.bsky.social · 06/10/2026
burying the lede Claude, an AI model developed by Anthropic, discovered the algorithm that refutes the 3SUM, APSP, and Exact Triangle hypotheses. The authors then worked to understand, simplify, strengthen and extend the algorithm, derive additional consequences and make the presentation accessible
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Mark Anthony Neal (@NewBlackMan on X) @markanthonyneal.bsky.social · 03/10/2026
The Unsung Women Behind America’s Most Celebrated Civil Rights Protest The Pulitzer Prize-winning historian Marcia Chatelain revisits the 1963 March on Washington, placing overlooked Black women at the center of the story. www.nytimes.com/2026/10/01/b...
nytimes.com
Book Review: ‘How Bright the Path Grows,’ by Marcia Chatelain (Gift Article)
The Pulitzer Prize-winning historian Marcia Chatelain revisits the 1963 March on Washington, placing overlooked Black women at the center of the story.
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jamelle @jamellebouie.net · 04/10/2026
yeah, the reason republicans are just not going to budge from texas is the reason why armies try not to abandon their capitals. it isn’t necessarily a strategic defeat to lose the seat of power, but it is a profound blow to morale.
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Gil Durán @gilduran.com · 05/10/2026
“Democracy has been hailed as, like, the holy grail for the last couple hundred years, but democracies are inefficient,” said the crypto billionaire. “If you get a benevolent dictator, it’s actually extremely efficient." Hmm, where have I heard this before? www.nytimes.com/2026/10/01/b...
nytimes.com
Inside a Billionaire’s Paradise With Crypto’s Most Powerful Ex-Convict (Gift Article)
Changpeng Zhao, jailed in the United States for a financial crime and pardoned by President Trump, is now living a gilded life in the United Arab Emirates.
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Jesse Felder @jessefelder.com · 04/10/2026
‘Excluding SpaceX and SK Hynix, the weighted average return on IPOs in 2026 is minus 4 per cent, according to Bloomberg, compared with a 12 per cent gain in the S&P 500 index. Given the weak returns, investors are rebelling over terms.‘ www.ft.com/content/8b7e...
ft.com
Why the IPO market is booming and busting
Flotations have stalled and returns from new listings have been weak
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Jesse Felder @jessefelder.com · 04/10/2026
‘Many IPOs have been postponed owing to investors’ growing scepticism about the “tone deaf” valuations. Tech listings this year have on average fallen about 23% since their first day of trading, compounding worries that banks are overpricing deals to win mandates.’ www.ft.com/content/b892...
ft.com
Wall Street’s IPO fervour cools on tepid demand and valuation worries
Several listings have been paused in recent weeks as delay in Anthropic’s public debut sends a chill through markets
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jamelle @jamellebouie.net · 05/10/2026
i just want to note that as soon as i posted this i did think "oh yeah, this is just fukuyama's last man"
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Marisa Kabas @marisakabas.bsky.social · 05/10/2026
It’s confusing that @theatlantic.com described this man as a “a lifelong Democrat who had voted for Trump for the first time in 2024” who when these are some of his very easily findable FB posts:
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Max Read @maxread.info · 04/10/2026
for the new york times magazine, I wrote about why everything is "gambling" now (the short answer: actually everything is the statistical style now, and gambling is just how most of us understand that)
nytimes.com
How Everything Became Gambling
It’s not just DraftKings and Polymarket — the logic of gambling undergirds everything coming out of Silicon Valley.
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Dan O’Sullivan @osullyville.bsky.social · 04/10/2026
This is at once the most mortifying and funniest character arc I've ever seen from a rich kid who I watched be desperate to be famous and considered cool and tried so hard to buy his way into that for over a decade until he stumbled onto a grift which finally succeeded. He's actually like Musk
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Ned Resnikoff @resnikoff.bsky.social · 04/10/2026
Of note, one of this year's ballot measures is purportedly to fund necessary medical research, but a close examination reveals that it's basically a $4 billion taxpayer payout to a single sketchy nonprofit. That's why it's important to read the fine print.
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I Scare You Like Sound Dog @chadstanton.blacksky.app · 04/10/2026
As long as he’s aiming his invective at concepts associated with Black people he’s perfectly fine, once he strayed from anti-Black racism the mainstream press began to notice his bigotry.
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jamelle @jamellebouie.net · 04/10/2026
the idea that rufo has, at any point in his public career, been a sincere advocate for “colorblind meritocracy” is brain dead
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JDG @cottonmather.bsky.social · 04/10/2026
A huge chunk of elite poli-tastemaking is writing essays from the unstated perspective “Let’s just act as if this obvious liar is being genuine,” like people’s lives are just the score in a debate competition.
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John Burn-Murdoch @jburnmurdoch.ft.com · 04/10/2026
In particular, where one big reason rents are rising is a housing shortage, rent controls do nothing to address that and may worsen it. Here’s my full article on the right and wrong lessons to learn from Spain’s housing crisis www.ft.com/content/437c...
ft.com
The right and wrong lessons to learn from Spain’s housing crisis
Evictions and spiralling rents are the symptom, not the underlying disease
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The Upshot @upshot.nytimes.com · 03/10/2026
www.nytimes.com/interactive/...
nytimes.com
Latest Polls (Free Access)
Track all the polls from today, including the latest data on the 2026 midterm elections, governor’s races, President Trump’s approval rating and more.
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Carceral Abolition @carceralabolition.bsky.social · 03/10/2026
A jury found the former Florida sheriff’s deputy who shot and killed U.S. Airman Roger Fortson not guilty after prosecutors charged him with one count of manslaughter atlantablackstar.com/2026/10/01/f...
atlantablackstar.com
‘He Defended Himself’: Former Florida Cop Who Killed Black Airman Roger Fortson at His Door Within Seconds Found Not Guilty After Four-Day Trial
A jury found the former Florida sheriff’s deputy who shot and killed U.S. Airman Roger Fortson not guilty on Thursday after prosecutors charged him with
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The Upshot @upshot.nytimes.com · 03/10/2026
Another nugget from Nate, this time on Sherrod Brown and the data center issue in Ohio. www.nytimes.com/2026/10/03/u...
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jamelle @jamellebouie.net · 01/10/2026
i suppose i’m not surprised that it is difficult to make people care about something that is low visibility — the vast majority of people have no idea who piker is — and low salience. i think we’re also going to find, for similar reasons, that the anti-trans messaging isn’t working either.
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Mike Hixenbaugh @mikehixenbaugh.com · 02/10/2026
Scoop: At a secret meeting this summer, an aide to Stephen Miller laid out Trump administration's plan to make it easier for states to round up and institutionalize mentally ill homeless people — by pushing a drastic policy change that would weaken the rights of millions of disabled Americans.
nbcnews.com
How Trump’s homelessness crackdown became a sweeping retreat from disability rights
After issuing a memo making it easier to institutionalize homeless people, the Justice Department began abandoning cases protecting disabled people’s right to live in the community.
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jamelle @jamellebouie.net · 02/10/2026
i have been laughing at this for 5 minutes straight
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Ryan "Footnote" Tatsu🌹 🏳️‍🌈 @elysiatatsu.bsky.social · 27/09/2025
🎃
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jamelle @jamellebouie.net · 02/10/2026
also, this shit is just run-of-the-mill segregationist ideology. the substance of keeperman and rufo's discussion is identical to the infamous line from the trial judge in loving v. virginia
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jamelle @jamellebouie.net · 02/10/2026
"Almighty God created the races white, black, yellow, malay and red, and he placed them on separate continents. And but for the interference with his arrangement there would be no cause for such marriages. The fact that he separated the races shows that he did not intend for the races to mix."
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jamelle @jamellebouie.net · 02/10/2026
not that you should expect anything more than rank idiocy from this pair of racists, but the idea that whiteness means a "high trust" society of "social cohesion" is some of the stupidest shit i have ever heard. these people live in a fantasy land that you could dispel by simply opening a book.
talkingpointsmemo.com
Chris Rufo — Known For ‘DEI’ and ‘CRT’ Panics — Tries to Make ‘the Indian Question’ a Thing
To the degree that a “respectable” or “moderate” right exists today in...
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ryan cooper @ryanlcooper.com · 02/10/2026
“In an influencer-occupied government, the functions of elected and unelected officials converge on the same goal, which is making little videos for their distractible boss to watch on his phone, and later to watch other people talking about on his TV.” defector.com/jack-smith-e...
defector.com
Jack Smith Did Not Conspire Against Donald Trump While Watching Steph Curry Score 60 Points In An Overtime Loss To The Hawks | Defector
The most salient part of the accusation that Missouri Sen. Eric Schmitt lodged against former special prosecutor Jack Smith in a Senate hearing on Tuesday is that it was wrong. It was ecstatically and...
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Cornbread Countess @breadbae.blacksky.app · 02/10/2026
Kids just be doing shit
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Regime Accountant, CPA ☠️🎢 @regimecpa.bsky.social · 02/10/2026
Trump being president during a massive technology affecting productivity being released can only be bad news. Do you really think we can navigate the hit to white collar productivity of GTA VI being released with his hand at the wheel?
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Greg Pak @gregpak.net · 02/10/2026
“nearly”
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