Marguerite

@margodee19.bsky.social

She/Her. Long covid. Follower of Jesus. Mum. Trans inclusive feminist. Queer. 🌈

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,…

I don't think I'll ever watch this video, because there's no way it could ever live up to the hilarity of just the thumbnail and title for me. I'm in tears 🤣

A video asking 'Could a Victorian Child Survive Taco Bell?' and the thumbnail is a presumable Victorian boy on one side, and a taco bell burrito on the other side.

POPE LEO: “The death penalty is inadmissible because it is an attack on the inviolability and dignity of the person. The common good can be safeguarded and the requirements of justice can be met without recourse to capital punishment…”

Pope Leo XIV 
@Pontifex
X.com
The death penalty is inadmissible because it is an attack on the inviolability and dignity of the person.
The common good can be safeguarded and the requirements of justice can be met without recourse to capital punishment: effective systems of detention have been developed that protect citizens while at the same time do not completely deprive those who are guilty of the possibility of redemption. #NoDeathPenalty
6:30 AM • 10/10/26 • 217K Views

a grandmotherly woman just got booted from the Trump rally for protesting, and she went out like a hero talking trash and flipping the double bird

Every human being is a child of God. Every human being is born with dignity. Pete Hegseth’s plan to execute a man by firing squad and broadcast the unspeakable brutality degrades us all.