Mark Sumner 🌒 (@devilstower.bsky.social)

@devilstower.bsky.social Oct 11, 2026, 5:53 PM

Wild horses grazing near the lodge at Echo Bluff State. Park in Missouri.

A pair of dapple grey horses grazing in grass.

@sundaedivine.lol Oct 11, 2026, 10:27 AMReposted by @devilstower.bsky.social

Trump's head is so far up Putin's ass he can see Sarah Palin's front porch.

@kenjennings.bsky.social Oct 11, 2026, 4:15 AMReposted by @devilstower.bsky.social

(waggling my eyebrows sexily at Washington State and California)

Jake Grumbach@jakemgrumbach.bsky.socialOct 9, 2026, 4:54 PM

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,…

@devilstower.bsky.social Oct 11, 2026, 7:48 AM

Her crime is not still being family.

@devilstower.bsky.social Oct 11, 2026, 7:46 AM

Step 1: build bunker Step 2: wait just long enough Step 3: pour thick concrete slab over bunker Step 4: build American Museum of Democracy on slab Step 5: ignore sounds in basement

@ronfilipkowski.bsky.social Oct 11, 2026, 2:07 AMReposted by @devilstower.bsky.social

One year ago.

@devilstower.bsky.social Oct 11, 2026, 6:06 AM

We don’t need the rest of the ballroom, but can they finish the bunker ASAP?

@blueskyfanatic.bsky.social Oct 9, 2026, 3:24 PMReposted by @devilstower.bsky.social

@rbreich.bsky.social Oct 10, 2026, 6:01 PMReposted by @devilstower.bsky.social

Billionaire families have spent $1.7 BILLION on the 2026 midterms so far — a 5,200% increase since the 2010 midterms. Citizens United is among the worst decisions in history. It corrupts our system every day. Big Money is the root of our dysfunction.

@atrupar.com Oct 10, 2026, 4:53 PMReposted by @devilstower.bsky.social

“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

@rbreich.bsky.social Oct 9, 2026, 7:15 PMReposted by @devilstower.bsky.social

22 California billionaires have spent a combined $150 million so far to defeat Prop 40. By spending their fortunes trying to stop California from taxing billionaires, they're making the argument for a billionaire wealth tax more clearly and articulately than anyone else possibly could.

@mrsbettybowers.bsky.social Oct 10, 2026, 2:15 PMReposted by @devilstower.bsky.social

In case you were wondering why Donald’s biggest fans suddenly went silent . . .

@devilstower.bsky.social Oct 11, 2026, 1:32 AM

Russia launched an illegal unprovoked invasion of Ukraine in service of Vladimir Putin’s noxious ambition. They have fed a million men to the charnel house and left millions more critically wounded. They continue to engage of wholesale slaughter of civilians. These are the plain facts.

@kaitlinkallee.bsky.social Oct 11, 2026, 12:21 AMReposted by @devilstower.bsky.social

@ronfilipkowski.bsky.social Oct 11, 2026, 1:12 AMReposted by @devilstower.bsky.social

Still nothing yet from Darlene Graham about Trump pissing on the Lindsey O. Graham Russia Sanction Act.

@ronfilipkowski.bsky.social Oct 10, 2026, 10:33 PMReposted by @devilstower.bsky.social

We all knew this was where we were headed the day Trump was elected. And the pro-Ukraine Republicans in Congress who claim they didn’t are either lying or stupid. bsky.app/profile/atru...

Aaron Rupar@atrupar.comOct 10, 2026, 4:54 PM

Trump: “I think it’s time for Ukraine to get a new president”

@devilstower.bsky.social Oct 10, 2026, 7:23 PM

Trump’s deal with Putin has nothing to do with providing diesel fuel, and everything to do with trying to shift the blame onto a nation fighting for survival.

@willbunch.bsky.social Oct 10, 2026, 11:07 AMReposted by @devilstower.bsky.social

Seems like an extreme punishment but I'm OK with it Was it live-streamed, at least

@gillianbrockell.com Oct 10, 2026, 1:35 AMReposted by @devilstower.bsky.social

What is JD talking about, “in my view”? It’s not a matter of opinion, it was the Oklahoma City bombing, he was 11, he would’ve known about it at the time, it was kind of a big deal.