Oliver Moran 🌻🇮🇪🇪🇺

@oliver.ie

Green Party councillor for Cork City North East and erstwhile software engineer. 🌐 www.oliver.ie

The dirty secret is that rich people need to live in politically stable regimes in order to keep their wealth. They will piss and moan about taxes, but they will not flee en masse. They like paved roads and not being kidnapped too much.

Jake Grumbach@jakemgrumbach.bsky.social · 3d ago

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,…

The "Party of Reagan" has the United States siding with Russian aggression against NATO allies and a brutal war on a European democratic US partner. Yes, the whole party. If they didn't, they would impeach and remove the president who is blatantly breaking US law to help fund Russia's war effort.

Thanks Amy Campbell the Echo for reporting my comments on the unpicking of carbon tax in Budget 2027. Relief from price spikes can be done without undoing climate policy (e.g. energy credits). Worse again, blaming climate policy for an energy crises (one caused by a climate denier) is a bad idea.

Mixed welcome across Cork for budget measures

The general feeling was that people were underwhelmed by Budget 2027 and still concerned about the winter months ahead.

echolive.ie

Margaret Hamilton — famous for leading the programming team that flew men to the moon, at a time when women were being squeezed out of the historically "women's work" of "coders" (and before then "computers") — sadly passes.

Computer scientist Margaret Hamilton poses with the Apollo guidance software she and her team developed at MIT. Credits: Image: MIT News, with photos via MIT Museum

Exciting launch of the Dragon of Shandon — celebrating 20 years of the dragon at St Peter's on North Main Street last Saturday night. Thank you to Cork Community Art Link in Blackpool and all the volunteers who make this celebration every year! 📹 in the 🧵

People gathered at St Peter's Cork on North Main Street for the launch of The Dragon of Shandon, listening to a speaker.A theatrical face piece at the launch of the Dragon Shandon.A theatrical face piece at the launch of the Dragon Shandon.

This is DPER. This is literally DPER. Chamber's own department: Public Expenditure and Reform. Unless, it's DOGE. It's a ha'penny DOGE, isn't it? Because whoever is whispering into the minister's ear doesn't know what a DPER is, but is all like, "What Ireland needs is a DOGE, bro."

The Journal@thejournal.ie · 6d ago

Minister announces new public spending efficiency taskforce to "extensively scrutinise day-to-day public spending". It will identify areas across public spending where there is scope for more efficiency, and recommend actions that can deliver better services and greater value for money.

"On a per capita basis, Ireland is subsidising fossil fuels at a rate up to 5 times the EU average." "The total fossil fuel subsidy figure for 2026 may well now be more than €6 billion." Compare: the new Children’s Hospital cost €2.24 billion & the total Education Budget for 2026 is €13.5 billion.

An Taisce@antaisce.bsky.social · last wk.

"What is needed now are not alternatives to more fossil fuel subsidies but political leadership to implement transformational change – and protect our shared future" Terri Morrissey, Chair, An Taisce www.antaisce.org/news/yet-mor...

Thanks Peter McCarthy and the Irish Independent for reporting efforts by Cork City Council to save the Old Cork Prison from central government. The buildings were listed by the Department of Heritage for protection in 2011. Just 15 years later and the Department of Justice wants to raze them.

Move in Cork to list historic prison before State can demolish it to make way for a new one

Cork city councillors voted unanimously to support a motion calling to add the former city prison to the register of protected structures in an effort to prevent Department of Justice plans to demolis...

independent.ie

Thanks Donal O’Keeffe and the Echo for reporting the fire that broke out at Spring Lane — and how close we came to another Carrickmines. Fire started in an empty bay and spread to the bay next door, making a family homeless. Firefighters and gardaí are investigating, but no foul play is suspected.

'You could have had another Carrickmines': Blaze raises safety concerns at Cork city halting site

The blaze, which has left a family homeless, began in an unoccupied caravan at the overcrowded Spring Lane site in Ballyvolane in the early hours of ...

echolive.ie

Thanks Amy Campbell and the Irish Examiner for reporting efforts by Cork City Council to stop the government razing the Old Cork Prison. Until 12 months ago, the site was being handed over to the Land Development Agency for housing. Without consulting anyone, the government switched plans entirely.

Cork councillors vote to protect old prison despite plans for new jail on site

The historic building will now undergo a six-month protection process as the State considers demolition for a replacement facility

irishexaminer.com

Thanks Steven Fox and the Cork Independent for reporting the debate — and my comments — on the government's plan to raze the Old Cork Prison. Among its history, this is where Terence MacSwiney refused to relinquish the Lord Mayor's chain and began his 74-day hunger strike while still wearing it.

Council votes to save historic city prison | Cork Independent

Cork City Council has voted to start the process to add Cork’s Detention Barracks on Rathmore Road to the Register of Protected Structures.

corkindependent.com

Legislations & restrictions exist, but we need the AI companies to actually follow them. AI needs to stay in the hands of humans and not be allowed to develop unguarded, that would put at risk human rights and the future of our planet.

Bild