Yesterday was my final day as Director of National Intelligence. I declassified and released never-before-seen documents exposing the truth about Fauci directing millions of US taxpayer dollars to fund dangerous gain-of-function research at the Wuhan lab, worked with the Intelligence Community to suppress the truth about his actions and hide the virus’ lab-leak origins, and lied to Congress while under oath in 2024. It’s time you know the truth. Go to https://t.co/tVwWp0TxZ4 to see for yourself.
@FredrikHjelm4 Inheritance/gift tax has nothing to do with wealth building. Tax on tye building of wealth is the Insanity of most nations.
Sweden total cost of living is relatively low risk & cost compared to every other country, has a culture of education, and has generally low regulation.
"Whoever designed the cookie banner should go to jail."
A founder friend said that to us recently. It's the blunt version of what most people building in Europe actually think.
GDPR was designed to be risk-based. Somewhere along the way it became a compliance tax on building.
The definition of personal data has been stretched so far that almost any dataset qualifies and almost any use is regulated.
The legal basis for training AI on European data is so unclear that founders are routing around it or leaving entirely.
The fix is not radical. Make GDPR reflect what it was designed to be: proportionate to actual harm, not theoretical risk.
The Digital Omnibus is a real opportunity. Europe has the talent, the research, and the ambition. The political will is the only thing missing.
Together with @jschildt, @petersarlin, @villigm, @joelhellermark, and @SabinaWizander, I wrote about what reform should actually look like in Sifted.
Sweden's socialist experiment collapsed spectacularly in the early 1990s, forcing politicians to abandon decades of central planning and embrace free markets. The results speak louder than any economic textbook ever could.
By 1990, Sweden's government consumed 67% of GDP. The marginal tax rate hit 87%. Capital flight accelerated as entrepreneurs fled to countries that didn't punish success. The krona crashed. Banks failed. Unemployment spiked to 9.9% by 1997. Sweden's welfare state had priced itself out of reality, just as free market economists predicted it would.
Then came the great reversal. Sweden privatized telecommunications, postal services, railways, and electricity. Politicians slashed the corporate tax rate from 57% to 22%. They introduced school vouchers, allowing parents to choose private schools with taxpayer funding. They partially privatized pensions, letting workers invest in individual accounts instead of relying solely on government promises. Most importantly, they eliminated wealth taxes and inheritance taxes that had driven capital overseas.
The recovery was swift and decisive. GDP growth accelerated. Unemployment plummeted to 6.1% by 2007. Sweden became a tech powerhouse, producing global companies like Spotify and Skype. The Stockholm stock exchange outperformed most European markets. Foreign investment flowed back as Sweden transformed from socialist cautionary tale to Nordic success story.
Today's American progressives love citing "Scandinavian socialism" while ignoring that Sweden's prosperity stems from abandoning socialism when it failed. They want the Sweden of 2023 while implementing the policies of 1975.
Another leading Dem hops out. For over a decade I have been vocal that the greatest threat to the Democrat party is the party itself. DJT won on the basis that the party has no logical moral philosophy.
Senator John Fetterman will register as an Independent to run for re-election in 2028.
"I can't see continuing to associate with my current party," said Fetterman, "I'm never gonna be a communist who believes men should use the girls' bathroom."
Fetterman says he's evolved a lot since coming to Washington.
"I've learned that everyone in the Democrat party is willing to lie, cheat, and steal if they think it hurts President Trump."
@MatthewGagnon Huh an economics degree from Boston? Crazy. Just doubles down on the Insanity and shows her platform has Zero to do with political economy and only getting votes from the less informed.