Aki

[ChessBase India @ChessbaseIndia]

The Challenger levels the scores! @DGukesh strikes back with the White pieces - he defeats Ding Liren in Game 3 of the World Chess Championship 2024.

The scores are now level - it is 1.5-1.5 going into the first rest day of the match tomorrow. #DingGukesh

[Luca Dellanna @DellAnnaLuca]

CORRECTION: it seems like the numbers cited by the Guardian above, which I used as the source for the computations above, were incorrect. Instead, a recent Q&A with the Norway Ministry of Finance reports that only $4.3 of wealth left the country in 2022-23, resulting in a net gain of about $100M rather than a loss of $448M. (link to this report in the last tweet of the quoted thread).

This means that the immediate result of the wealth tax increase was net positive. That said, it doesn’t mean that the Laffer Curve isn't wrong. It is very much right; it just means that Norway’s current position on it isn’t as far to the right as I previously thought.

The long-term net result of the wealth tax is still to be seen, though, as some billionaires might take longer than one year to move their fiscal residency. Moreover, people moving out of Norway hasn’t just an immediate negative effect on wealth tax but also a longer-term negative effect on economic growth – which is why the optimal point on the Laffer curve isn’t the apex (point B in the chart above) but a point somewhere to the left that maximizes growth (point A). However, as mentioned, at least the immediate net result was positive, and we got better information about Norway’s Laffer Curve’s shape.

Apologies from my side for having taken for granted the numbers reported by Guardian without double-checking and many thanks to @jdcmedlock for pointing out the error and providing a solid source for the correct number.

This is, by the way, why I’m glad I provided the sources for my computations: hadn’t I done that, spotting the mistake would have been more difficult. Also, I’m grateful to James for having not just pointed out the mistake but also provided a better source, which made it easier for me to verify and correct.

I hope that the 4.5k people who retweeted my tweet will also retweet this correction.
I also hope that @CitizenX and whoever plagiarized my tweet will issue a correction, too. This is one more reason why plagiarizing is bad, especially if you do it like @CitizenX, who copied the text but not the sources, making it difficult for their audience to check the claim and spot the mistake. Don’t plagiarize but if you do, please also copy and publish the sources.

[sophie @netcapgirl]

her: “i haven’t heard from him, i bet he’s cheating on the boys trip”

him on the boys trip:

[Luca Dellanna @DellAnnaLuca]

There’s no such thing as zero-sum games, because zero-sum games destroy trust, and thus are negative-sum.

[Ben Rothenberg @BenRothenberg]

I applaud this ballgirl *heartily*.

#USOpen

[Leeds United @LUFC]

😍 WILLY EXTENDS!

[Trevoh Chalobah @TrevohChalobah]

But those who wait on the Lord Shall renew their strength 🙏

[Anonymous @YourAnonCentral]

Musk is the only person responsible for X being suspended in Brazil, not the government nor the judges are at fault. Elon Musk chose this path and it's 100% on him.

[Taylor Fritz @Taylor_Fritz97]

🔥 love the shoutout from @espn but you follow my gf and not me on insta so we have beef

[Shreyas Doshi @shreyas]

While it has many upsides, a huge downside of taking a fast-paced job in a top tier company is the sheer lack of time during weekdays to get basic life tasks done: finances, home maintenance, various appointments. You try to catch up over weekends, but that further drains energy.

[Jacob Steinberg @JacobSteinberg]

Word coming through that Jadon Sancho’s loan to Chelsea has been completed

[Circe @vocalcry]

STEM majors go to school so they can get a job that pays a lot of money so they can eventually casually study the humanities

[Aki @spooky_cynic]

@deedydas "Losing to OpenAI" (Is this even going to be true long term?) looks like a normal manifestation of the innovator's dilemma.

Interested to learn how forcing everyone to be in the office 5 days would've made Google the first to ship ChatGPT, given OpenAI themselves don't do this

[Parody Premier League Match Centre @PL_Match_Centre]

#BRECRY

A beautifully timed whistle by the ref for no reason whatsoever denies Eze and Palace a goal. Unfortunately we could not intervene on this occasion, as Palace are not one of the top 6.

[Has the Referee or VAR made a poor decision? @PoorEPLreferees]

So to sum it up, the Eze free-kick went in, there was a minor block made from the wall, no foul.

Referee went trigger happy with the whistle and disallowed a brilliant goal, which then couldn't be overruled because of this instance. Poor officiating once again

I'm already tired

[Laura Kirk-Francis @LauraKirk12]

This looks like a straight to Netflix film about a high school bully and the class nerd who unexpectedly end up in cahoots with each other for a heist