iiinova — where your digital self keeps evolving

Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 9h

It effectively was a term for person of colour in political circles so included Asians. Less prominent now

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 10h

Political blackness in the UK is different to the US understanding of it

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 13h

The Death of Stalin for Tax Purposes

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CPSU - Community and Public Sector Union @cpsu.org.au · 15/10/2026

The APSC finally put a pay offer to federal public sector workers this week and it's fair to say it hasn't gone down well. More than 10,000 members have already told us they don't think it's good enough. If you work in the APS, have your say here: cpsu.snapforms.com.au/form/snappol... #auspol

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 15/10/2026

Campsie has good prices on fresh produce, you’d be a sucker to buy anything from Woolies unless you had to

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 15/10/2026

Plus being geographically tiny & a tax haven mean a lot of the model can’t be replicated by most places

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 15/10/2026

I increasingly see Singapore talked up as a model. There’s things to learn but remember around 80% of people live in govt built or managed public housing. Healthcare & retirement is also funded via a compulsory savings scheme that takes 20% of wages, effectively a tax not counted in tax to GDP %

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 15/10/2026

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 10/10/2026

Former leader and their first MP Caroline Lucas was the UK equivalent

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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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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 09/10/2026

A lot of protests happen at Town Hall in Sydney Square but the land is actually owned by the Anglican Church and is a sore point

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 09/10/2026

Probably influenced by the fact that Brazil has compulsory voting so they need to invest in a large electoral commission apparatus

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 08/10/2026

Time to move to the antipodes and experience the wonders of a whole different range of electoral systems like MMP, Hare-Clark and preferential voting (compulsory AND optional)

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 08/10/2026

There is also the selected cost of living indexes as an alternative to CPI

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 07/10/2026

There’s much to admire about Mamdani but let’s be real - the NYC budget (USD$124.7b) is bigger than the NSW budget (AUD$133.0b). The city has $$$ to throw at relatively small projects like fixing potholes & 5 grocery store pilots (USD$70m excluding waived rent & taxes) as it’s chicken feed #auspol

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 08/10/2026

A trial where the operations are contracted out bsky.app/profile/redr...

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 07/10/2026

I’m simply saying that despite the hype, it isn’t actually that big a project for NYC in dollar terms

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 07/10/2026

NYC is the unique in the sense that it was historically able to construct “social democracy in one city” because of its fiscal base unlike other US cities

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 07/10/2026

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

Unless there were clear community service obligations, it’d likely fall foul of competitive neutrality here

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

What Mamdani is actually doing in NYC with his five pilot city-run grocery stores

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

It also won’t be completely run by the public sector, it will in fact be contracted out to private operators

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

Specific purpose but the model of government entity providing overarching support but store operator being non-government is similar

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

I mean you didn’t even mention negative gearing & the CGT discount plus trusts is coming

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

Given how quickly everyone and everything moves on, anything “big” will disappear unless it’s constantly in front of people

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

Right to disconnect, same job same pay, making it illegal to have rolling non-ongoing contracts that go on for years and years, making it harder to block flexible work requests, strengthening union delegate rights

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

The model of a public entity contracting out the operation of the actual grocery store is pretty similar

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

You wouldn’t know it from #auspol social media posts but we already have a version of “Mamdani-style” public grocery stores in Australia. It’s a Fed Govt owned entity called Outback Stores & there’s also a Low-Cost Essential Subsidy Scheme for 100 remote stores. Arguably a pretty similar model

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

Mamdani is piloting five stores that will be contracted out to private operators

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 06/10/2026

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Tim Lyons @picketer.bsky.social · 05/10/2026

At some point we need to conclude that the waste, fraud and poor / bad outcomes for people is a feature, not a bug of voucher-based delivery of social services. It flows directly from the mode of economic organisation of the programs in their current forms. www.abc.net.au/news/2026-10...

abc.net.au

They built a business empire that cashes in on veterans. It's made millions

The companies in the VBA network have made millions turning veterans into valuable sales leads on an industrial scale.

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RanTLaw @rantlaw.bsky.social · 03/10/2026

Privatisation, you say? Can’t be that. The market never fails.

But former VicRoads staff told the ABC the privatisation of the state's road-building had led to the decline as had a reliance on flexible pavement comprising crushed rock compacted and then sealed.

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 03/10/2026

The dream of a revived Australian Democrats is alive in #auspol

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 03/10/2026

Fastest is likely a bus to Central then a train

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 03/10/2026

UN approval is never going to happen when a permanent Security Council member is the belligerent

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 02/10/2026

Surprised no one asked “Is everyone on the English footballl team, English?”

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The Conversation AUNZ @aunz.theconversation.com · 02/10/2026

Governments in rich nations tend to spend more on health. Do we really want them to spend less?

theconversation.com

Are Australians really overtaxed? It depends what you think government should do

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 01/10/2026

The dynamic is a bit different in Northern Europe because of the existence of left parties which mean those Green parties are more like teals

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Greg Jericho @grogsgamut.bsky.social · 01/10/2026

Kogan CEO in June: Ruslan Kogan says changes to Capital Gains Tax will attract migrants motivated by “sick NDIS scams” and the welfare system." Today ATO Tax data for Kogan Pty Ltd: Income: $642.3m Taxable income: $0 Tax paid $0

Screenshot: "Sick scame": Kogan boss unleashes on Albanese government's capital gains tax changes"

rich lister Ruslan Kogan has issued an epic rant about Anthony Albanese's tax changes, warning they risk attracting a specific type of migrant to Australia's

Spreadsheet screenshot of ATO corporate tax transparency data

KOGAN AUSTRALIA PTY LTD: Total income $642,335,009; Taxable Income $0; Tax payable $0

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 30/09/2026

Sure, I just think the UK is just getting to where Australia was like a decade ago where the Greens consolidated the non-Labor Left vote (including bringing in part of the hard left base that was once Labor)

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 30/09/2026

There’s been like 3 direct election ballots for leader within Labor since they first began (Fed 2013, NSW 2019, TAS 2021)

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Osmond Chiu (赵明佑) @redrabbleroz.bsky.social · 30/09/2026

They don’t even have a party leader at the state level in NSW!

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