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R. O'Neill Hest

@rohest.bsky.social
543 followers 1.4K following 202 posts

Good morning! Riding bikes in Minneapolis. Petting cats. 🎹🎶 Crunching numbers at SPPS.

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Reposted by R. O'Neill Hest
Jake Grumbach @jakemgrumbach.bsky.social · 6h
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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Bitsy Perlman @bitsyperlman.bsky.social · 08/10/2026
Some pictures of Minnesota being lovely for no reason
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Keith Ellison, Minnesota Attorney General @keithellison.bsky.social · 08/10/2026
Somali Minnesotans are our neighbors. They are part of Minnesota. And the Minnesota I know and love is so much better than this bigotry.
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Vince Mpls @vincempls.bsky.social · 08/10/2026
#OnThisDay Oct 8 1926: The Heights Theatre opens on Central Avenue NE in Columbia Heights, MN. Built by brewery heir Arthur Gluek as a real estate venture during Prohibition, the small Beaux Arts theater was designed by famous Minneapolis architects Liebenberg & Kaplan.
exterior of the 2 story 1920sd brick heights theater at night with HAPPY HOLIDAYS on the marquis. Courtesy Music Box Theatre group, which bought the Heights in 2025.
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Conrad Lange Zbikowski @czbi.org · 08/10/2026
Politicians choosing to disinvest in Nice Ride, Hourcar, and Evie makes living in Minneapolis and St. Paul more unaffordable. Minneapolis police and fire exceeded their overtime budget by $31.1 million in 2025 and are on track to exceed by $24.7 million in 2026. Nice Ride was sold for parts.
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Vince Mpls @vincempls.bsky.social · 08/10/2026
As his invention spread across the country, he realized it was instead commercializing that utopian vision and making the car problem far worse. Gruen quit the field of architecture in 1967, became an ardent critic of Mall Culture, and died a deeply bitter and disillusioned man in 1980.
exterior of the mall in 1956 on opening day, with oceans of parking.
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Jeremy Schulman @jeremyschulman.bsky.social · 07/10/2026
Jesus Christ
motherjones.com
Martin Soto went out for diapers. He came home eight months later.
The asylum seeker, who led a hunger strike inside a for-profit ICE facility, was released with an ankle monitor late Tuesday.
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Michael Mechanic @michaelmechanic.bsky.social · 07/10/2026
motherjones.com
Trump administration plans to have its own lawyers represent migrant kids
Putting government counsel on both sides "makes me feel like it's all a farce," says one immigration attorney.
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Naomi Kritzer @naomikritzer.bsky.social · 07/10/2026
One of my all time favorite Tumblr bits
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CIDRAP @cidrap.bsky.social · 07/10/2026
Raw milk poses serious infection risks with no added health benefits, pediatrician group warns In a statement released this week, the organization renews its call for a ban on the sale and distribution of unpasteurized milk products. Read more: bit.ly/4rOh4dL
Milk in a vintage glass bottle in front of a wood paneled wall
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Evan Hurst @evanhurst.substack.com · 05/10/2026
Do it. Whoever is keeping The LIst of all the things we have to do, put it on there.
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Moby Dick @mobydickatsea.bsky.social · 05/10/2026
being laid upon the printed page, I have sometimes pleased myself with fancying it exerted a magnifying influence
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Bill Lindeke @blindeke.bsky.social · 05/10/2026
I suggest dressing like a budget cut.
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Wes Burdine @wesburdine.bsky.social · 30/09/2026
Mayor Her needs to resign today. Full stop.
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Bill Lindeke @blindeke.bsky.social · 30/09/2026
This is the big story beneath the surface of a lot of other ones.
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Sahan Journal @sahanjournal.bsky.social · 30/09/2026
The city will pay up to $500 an hour to defend the mayor in a sexual harassment lawsuit filed by Police Chief Axel Henry. Written by Mohamed Ibrahim.
sahanjournal.com
St. Paul will hire outside firm to defend mayor from police chief’s lawsuit
St. Paul will pay up to $500 an hour to defend the mayor in a sexual harassment lawsuit filed by Police Chief Axel Henry.
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Charlie Warzel @cwarzel.bsky.social · 30/09/2026
There is a moment at the very very end of Abdul El-Sayed's podcast with Ezra Klein (book recommendation section) where he talks about the idea of "speaking truth to pain" and this will be staying with me for an extremely long time. www.nytimes.com/2026/09/25/o...
But there’s also something about truth to pain. We talk a lot about truth to power, but I think it’s actually a lot harder to speak truth to pain. I say that as someone who went to medical school, realizing that in a lot of our politics right now, we’ve got to get a lot better at speaking truth to pain if we’re going to get through some of these challenges that we have.

What does “truth to pain” mean?

It’s one thing to look power in the eye and say: You’re wrong about this. But there’s a way in which pain is very difficult to reason with. Because when somebody is in their pain, they’re in their trauma. They see that pain, and they may not see what’s causing it.

I remember just very explicitly being in a trauma ward with a gunshot wound patient and watching this big guy with his hand on his gunshot wound. All the folks are trying to pull his hand off his pain, that point of his gunshot wound, this clear vulnerability.

And this emergency room doctor had the presence of mind to be like: Everyone, stop. And she looks him in the eyes, and she’s like: I get that really hurts, and I’m so sorry that you’re here. You don’t want to be here. We don’t want you to be here. But if you don’t let us fix this, you could die. So I’m going to take your hand, and I’m going to move it off, OK? Because I need to get there so that you can live.

She was speaking truth to pain. He understands he’s at the hospital, he needs care, but he also doesn’t want anybody to touch the wound. Which is a natural thing. And I think it is a really great metaphor for how we think about a lot of these challenges we talked about today.
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D.A. Bullock @bullycreative.bsky.social · 30/09/2026
Huh, u don’t say? I wonder where we’ve heard this before, years before? many times before? Minneapolis needs a true reckoning with itself the residents as well as the politics, particularly the comfortable residents
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Emily St. James @emilystjams.bsky.social · 29/09/2026
Me, eulogizing a very dear friend: This is the water, and this is the well. Drink full and descend. The horse is the white of the eyes and dark within.
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longfellowwhatever.bsky.social @longfellowwhatever.bsky.social · 29/09/2026
In the newsletter: Marathon watching tips, seasonal business closing dates, utility work updates, boulevard garden plantings, new construction, bike events, daredevil hijinks, and much more.
longfellowwhatever.com
🏃 September miscellanea
Where to watch the marathon on Sunday More than a quarter-million people are expected to cheer on the Twin Cities Marathon runners on Sunday. The course makes its way up West River Parkway from miles...
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Kendal Killian @kedrickillian.bsky.social · 29/09/2026
This thought process, and many similar, reasonable seeming moderate justifications; depend on suspending any power analysis. In terms policy, at home parents can apparently afford to make that choice, thus have more power. Workers requiring childcare to work, have less power & need more support.
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🎃 Phantom Screamenson 👻 @patiomensch.bsky.social · 29/09/2026
HELL YES
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Guardian US @us.theguardian.com · 28/09/2026
ICE is now lying in wait outside convenience stores, or at busy intersections. Agents are arresting people at international airports. Local police and sheriffs, deputized by the federal government, are detaining immigrants during traffic stops. ICE is now detaining more immigrants than ever before.
A chart that shows a timeline of ICE immigration enforcement against different significant events (Los Angeles raids, Minneapolis and Chicago raids), with a line in late March 2026 that says "New enforcement strategy begins" before a peak of over 1,500 daily arrests in July 2026.
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R. O'Neill Hest @rohest.bsky.social · 28/09/2026
New band name idea.
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Derek Gottlieb @derekgottliebphd.com · 28/09/2026
Reposting for my midwestern early risers. I wrote about what MPS’s reorganization/closure is likely to do, and about how I can’t figure out why the district is doing it at all. @shannon-for-d3.bsky.social
budgetcommittee.show
MPS: What Is Your Problem??
That's a serious question! Minneapolis Public Schools confronts two simultaneous and related crises: a precipitous and ongoing decline in student enrollment, and a structural budget deficit with a na...
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Mike (beep boop era) @latimeriidae.bsky.social · 27/09/2026
Without VdPs early move, the race doesn’t explode. Truck Nuts goes with and that lets Big Mac and Morg sit on. Big Mac picks a good time to light it up & can get away cause he hasn’t been chasing. Morg can mark dudes all day cause he hasn’t been chasing All the stars were 💀 cause they were chasing
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Jonathan Bernstein @jonathanbernstein.bsky.social · 23/09/2026
Even if they max out on a landslide, Dems can't get everything they want in 2027-2028....but this seems like a good contender to be near the top of the priority list.
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Mpls Music History @mplsmusichistory.bsky.social · 23/09/2026
Here’s an ad featuring John Coltrane joining Miles Davis in May of 1959 at the Key Club, 1325 Washington Ave S, in Minneapolis.
TONIGHT thru May 24 only!
The "Miles Ahead" Trumpet
•MILES DAVIS
AND HIS QUINTET
JOHN COLTRANE-Temor Sax
JULIAN "CANNONBALL"ADDERLEY
Alto Sax
WYNTON KELLY-Piano
PAUL CHAMBERS Bass
JIMMY COBB Drums
SPER1DAT・ROW
*Key CuB
1325 WASHINGTON S.
AIR CONDITIONED • FREEPARKIS
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Perry Bacon @perrybaconjr.bsky.social · 22/09/2026
"It is perfectly honest to say, 'I chose a private school because I want the best for my kid, but it is also true that private schools are bad for society and do more to reproduce inequality than to remedy it." Great @hamiltonnolan.bsky.social piece. www.hamiltonnolan.com/p/private-sc...
hamiltonnolan.com
Private Schools Are Bad for Society
The starting point for any honest discussion.
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Wes Burdine @wesburdine.bsky.social · 22/09/2026
FUCK ICE. Pay us back.
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Brian Goldstone @brian-goldstone.bsky.social · 22/09/2026
There is something so unbelievably bleak about an article that calmly walks readers through how to navigate being laid off after 50, losing your health insurance, and somehow surviving the years until Medicare. What a broken country.
nytimes.com
Laid Off After 50, and No Health Insurance? Here’s What to Consider. (Gift Article)
At best, older workers will struggle to find health insurance that bridges the years before they qualify for Medicare at age 65.
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public health guy @publichealthguy1.bsky.social · 22/09/2026
All 31 leading cancer centers responding to a new survey. reported shortages of at least one cancer drug, and nearly two-thirds said they resorted to mitigation strategies to keep patients on their
recommended treatments.
But in many cases, those mitigation strategies weren't enough. Ninety percent of centers reported that treatment plans had to be modified because of drug shortages, creating additional insurance
hurdles that may have delayed care.
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Daniel Herriges @dpherriges.bsky.social · 22/09/2026
IMO it's basically a constant in the school quality / integration debate that well-resourced parents *will* seek out a "premium" education for their kids. If they can't get this in their school district, they'll opt out of public schools or of the city, either way to the detriment of those schools.
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Jason Garcia for MPRB District 4 @jason4parks.bsky.social · 21/09/2026
New op-ed from @olsenforparks.bsky.social in the Strib talking about why funding our park system is a win for Minneapolis! Please check it out. BET votes on the levies this Wednesday, 9/23 at 4pm! Room 350, Public Service Center 250 S 4th St, Minneapolis, MN www.startribune.com/mpls-green-s...
startribune.com
Park Board president: Minneapolis parks are among the best in the nation. Fund them accordingly.
The Minneapolis Board of Estimate and Taxation must vote to fully fund the park board’s levy request of 5.86%, which is far below what the city is asking for itself, Park and Recreation Board presiden...
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Fazia Rizvi @faziarizvi.bsky.social · 21/09/2026
This is nationalized police force, unaccountable to citizens, that is disappearing people and it's happening here, in the United States, not a place far away and unfamiliar to you.
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taylr @taylordahlin.com · 21/09/2026
pointing out once again that the minneapolis police department have yet to answer these questions on line-by-line budget overspending from 3 months ago. brian o'hara tried getting out of showing up that day, gave no answers. he's gone now, MPD refuse to answer, and frey wants EVEN MORE power
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R. O'Neill Hest @rohest.bsky.social · 21/09/2026
Minneapolis BET commissioner, Eric Harris Bernstein: "I appreciate the mayor’s willingness to propose a large property tax hike in the face of public pushback, but I am worried his planned budget does not do enough to get key costs in line or address our most pressing challenges"
startribune.com
Opinion | How much should Minneapolis property taxes rise?
Mayor Jacob Frey's proposed 11.3% increase could be justified with a few budget tweaks that fill some glaring needs, according to one official involved in the decision-making.
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Mad_as_hell (Maddie) @maddie-says.bsky.social · 20/09/2026
More than 220 people have lost their lives in these strikes without ever facing a trial. Their families and the American public deserve answers. Hold Hegseth and all others accountable under the law, which they should have applied to the people whose lives were taken. #DemVoice1 #ProudBlue #Pinks
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Vince Mpls @vincempls.bsky.social · 18/09/2026
#OnThisDay Sept 18, 1945: Joyce Leversee and Doris Haaven stop to read and take pictures on the Franklin Avenue bridge under a sign forbidding these activities. Warnings like this were posted at key infrastructure when World War II began, and had not yet been removed after the war ended.
Two young women wearing fall clothing smiling under a large sign "NO LOITERING, PICTURE TAKING, STOPPING ON THIS BRIDGE. POLICE DEPT."  Courtesy Hennepin County Library Digital Collections.
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Sustain Saint Paul @sustainstpaul.bsky.social · 17/09/2026
Before the Avandale Apartments were built on Selby, that parcel generated $871,157 in tax value per acre. After: $26.1 million. A thirty-fold jump on a single lot. Luke Hanson on why Saint Paul cannot budget-cut its way out of a $26M deficit, and what has to change.
sustainstpaul.org
To Solve Saint Paul’s Fiscal Problems, We Need More Density — Sustain Saint Paul
By Luke Hanson It’s budget season in Saint Paul — and as is so often the case, the City is facing a major budget gap. This year, the Mayor and the Council are reckoning with how best to close a $26 ...
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max nesterak @maxnesterak.bsky.social · 17/09/2026
“We are not going to roll out the red carpet for Big Tech companies to essentially raid our economy and displace our workers,” said Minneapolis City Council Member Robin Wonsley. minnesotareformer.com/2026/09/17/m...
minnesotareformer.com
Minneapolis weighs ban on driverless robotaxis to protect rideshare drivers • Minnesota Reformer
The Minneapolis City Council is considering a proposal to effectively ban driverless robotaxis, as several council members push to protect the jobs of more than 10,000 rideshare drivers in the state. ...
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Evan Roberts @evanrobertsnz.bsky.social · 17/09/2026
Tabled intersection coming at Pelham and Mississippi River Blvd, you love to see it
Table intersection
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Defector @defector.com · 16/09/2026
Ed Sheeran, perhaps best known for writing the kind of music that your second cousin chooses to play for the father-daughter dance at her wedding, cemented his status as a floppy-spine dummy this week by bending the knee to American billionaire idiot Robert Kraft. defector.com/massive-own-...
defector.com
Massive Own-Goal Scored By Ed Sheeran | Defector
Ed Sheeran, perhaps best known for writing the kind of music that your second cousin chooses to play for the father-daughter dance at her wedding, cemented his status as a floppy-spine dummy this…
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David Brauer @dbrauer.net · 15/09/2026
Max is the authority. Contrary to the story, it only affects one city, Oak Grove. Also, this doesn’t affect your ability to early vote AT ALL. You can early vote in-person starting Friday; every county has at least 1 location. Some cities also open then; others on Oct. 16, though some won’t have any
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Shannon for School Board @shannon-for-d3.bsky.social · 15/09/2026
“Three candidates for school board in November — Christin Crabtree, Shannon Gibney and Becca Dryden — released a statement saying that schools should not be closed before MPS provides clear plans for retaining students and how closures will realize cost savings.”
axios.com
Minneapolis schools leaders will present plans for possible closures
The district is facing budget problems and declining enrollment, which has prompted officials to explore school closures
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Don Moynihan @donmoyn.bsky.social · 13/09/2026
I'm convinced that this is just a big a reason for the tariffs as any (misplaced) economic claims: Tariffs give Trump discretionary power, and he likes being the sort of guy who can use govt power on a whim to impress people (in this case), or in return for other favors.
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Daniel Suitor @danielsuitor.com · 12/09/2026
when I say "back the blue" this is what I'm talkin about
Classic blue portajohn
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Alex Schieferdecker @alexschief.bsky.social · 10/09/2026
Great thread here of Minneapolis bike infrastructure photos and observations. We don't have everything solved yet, but there's a lot that's happening and getting better!
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Natalie Alms @almsnatalie.bsky.social · 09/09/2026
NEW: For the first time, the federal government wants to stop collecting race and ethnicity information about Americans as part of the nation’s census, which has long been the nation's touchstone for demographic data. washingtonsun.com/trump-white-...
washingtonsun.com
Trump Wants the Census to Stop Collecting Race and Ethnicity Data
The administration wants to stop collecting data widely seen as fundamental to public policy, scientific study, market research and more.
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