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

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Autofenster eingeschlagen, mit gezogenen Waffen aus dem Wagen geholt, zu Boden geworfen, gefesselt: Was der ukrainische Journalist Mykhailo Tkach über seine Verhaftung in Wien erzählt, erinnert an die Methoden von ICE in den USA. yanus.at/festgenommen...

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The very premise is a lie. The reality is this: jobs will get cut. Who will make the money? AI company through licensing their product. So how, I ask you, does this lead to a universal high income? Will the AI companies dish it out? The AI barons? The US state? NONE of this is realistic /3

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The reality is that the wealth goes to a very limited group of people. The Musks, the Zuckerbergs, the Altmans. None of them have ever shown any interest in sharing wealth. Not even if they have a trillion. Instead, they invest hundred of millions to prevent fair taxation. /4

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The OpenAI whistle blower was on @thedailyshow.com . And while it is absolutely worth a watch, I am angered and dismayed a the naivety of both Coxon and Stewart. Let me explain /1 youtu.be/lnLDjXy2kRA?...

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