Erkka Peitso

@erkka.bsky.social

(human + communication) x technology / culture = ?

After signing executive orders renaming the Gulf of Mexico as the Gulf of America and, later, Lake Ontario as Lake America, President Trump said Saturday at a rally in Clarksville, Tennessee, that he had his sights set on even larger bodies of water.

“Zelenskyy could’ve stopped this war many times, and he chose not to … he better damn well stop” — Trump is no longer trying to conceal that he’s fully on Putin’s side

Muistatko vielä, kun oikeisto ja elinkeinoelämä kertoivat, että Norjan varallisuusvero ja sen muutokset aiheuttivat paljon varakkaiden maastamuuttoa? Nyt tämäkin on tutkittu. Ei aiheuttanut. Päinvastoin veron tuotto nousi yli 70 prosenttia!

Jake Grumbach@jakemgrumbach.bsky.social · 2d 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,…

Ah yes, I remember when Trotsky wrote about how Russian workers should be replaced by low wage immigrants from China so that strong Russian boys would have more time to play girls ice hockey. It's right there in the manuscript.

Aaron Rupar@atrupar.com · 3d ago

Q: How do you define socialism personally? JD VANCE: I think in reality what it actually means in the American context is you want to replace American workers with foreigners workers, and you want boys to play in girls' sports

What I *really* want an interviewer to do with these desperate sweaty CEOs is say, "Now that Trump has said he wants you to call it 'Trump Intelligence' instead of 'Super Intelligence', are you planning to update your marketing?" and then don't reveal that you made it up until after they say yes.

Aaron Rupar@atrupar.com · 4d ago

BAIER: The president says 'SI.' Are you into SI or AI? BEZOS: I do like SI, because 'artificial' is not a very flattering thing. Like, nobody wants an artificial sweetener, artificial flavoring.

Miksi digikalenterit on kankeaa paskaa? Muinaiset standardi/protokollat? Miksen voi luoda tapahtumakokonaisuuksia, johon liittyy useita päivämääriä? Miksen voi valita, tarkastella, muokata mielivaltaisia otantoja päivämääristä? Tähänkö AI-agentteja tarvitaan – kiertämään paskan koodin rajat?