iiinova — where your digital self keeps evolving

Reposted by Alan Richardson

Thank goodness they were acting on their own and no one could be held accountable🥸

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Jake Grumbach @jakemgrumbach.bsky.social · 17h

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,…

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Alan Richardson @alanrichardson.bsky.social · 5h

Have you ever seen the purple rain?

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Kevin Korb @kbkorb.bsky.social · 6h

Trump is working hard to disgrace himself. He is actually doing a good job!

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Mark Copelovitch @mcopelov.bsky.social · 6h

Structural things are structural, Texas Senate edition

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Ruha Benjamin @ruha9.bsky.social · 16h

I’m in DC scheduled to give this talk today. But the organizers flagged slides in my deck that mention racism, structural gaslighting, New Jim Code and other themes that are off limits in the Land of the Free.

APA Women’s Leadership Institute event flyer with “keynote speaker” crossed out with a red X

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The Bi of Hormuz @joshstein.bsky.social · 13h

There is a point at which we’re going to need to have a real conversation about whether to hold rank-and-file officers accountable for facially illegal acts, and the National Guard convo there is going to be very uncomfortable for states who sent their guard members to DC.

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City of Minneapolis @minneapolismn.gov · 16h

Today, and every day, we stand with the Somali community.

The marquee at Cedar Culture Center with the message "We love our Somali neighbors" written out.

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Alan Richardson @alanrichardson.bsky.social · 14h

Pretty soon Vance will have to include the Vatican in his definition of socialism.

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Alisa Bokulich @alisabokulich.bsky.social · 15h

Great work coming out from my former PhD student now TT faculty at U Calgary & #PhiGeo member @federicabocchi.bsky.social 💫

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jamelle @jamellebouie.net · 16h

huh, interesting that vance thinks this is the worst terrorist attack and not oklahoma city

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Kyle Cheney @kyledcheney.bsky.social · 17h

JUST UNSEALED: A judge ruled this week that the first Trump admin's "Remain in Mexico" policy illegally subjected thousands of people – many with meritorious asylum claims — to horrifically dangerous and violent conditions and deprived them of access to attorneys. cgrs.uclawsf.edu/en/legal-doc...

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Alan Richardson @alanrichardson.bsky.social · 16h

The Eternal Little Miss Sunshine of the Spotless Mind

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Alan Richardson @alanrichardson.bsky.social · 16h

Oh, fabulous, more freaking AI coming to MS Office!

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Shane Glackin @eltorosolo.bsky.social · 23h

McGill are bigging her up after closing her department. Clownshow all round.

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Alan Richardson @alanrichardson.bsky.social · 18h

Wings of a Streetcar Named Desire

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Brian Finucane @bcfinucane.bsky.social · 19h

Shared some thoughts on the Trump administration’s boat strikes: “In the absence of an armed conflict,” Finucane said, “the term for premeditated killing is generally murder.” www.bloomberg.com/opinion/arti...

bloomberg.com

And the Nobel Peace Prize Goes to … the Opposite of Trump

The world is watching a split screen: In one panel, humanity sees jurists such as Navi Pillay of South Africa, who just won the Nobel Peace Prize for her decades of struggling for international law, i...

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Alan Richardson @alanrichardson.bsky.social · 19h

The Princess Bride of Frankenstein

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Alan Richardson @alanrichardson.bsky.social · 19h

Waaaaaaa a foooooooo ba-eeeeeves! No white man at the powwow… Turns out to be What a fool believes No wise man has the power….

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Dr Abeba Birhane @abeba.blacksky.app · 19h

our colleagues from the tech workers union are hosting a two day summit this weekend. I can guarantee you it'll will be much more informative and real than the actual government summit we have a line-up of stellar speakers. join us tomorrow and Sunday www.datacwu.ie/ai-counter-s...

datacwu.ie

AI Counter Summit | DATA Ireland

Workers’ AI Counter Summit Become A Member Download the Agenda Here AI Counter Summit Registration10th – 11th October 2026Click Here Who gets to shape the future? On 16th October, the Irish Government...

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Peter W🤓 @wang.social · 21h

The pro-life party who argued that violent movies were corrupting the youth now wants to live stream a public execution. Got it.

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Alan Richardson @alanrichardson.bsky.social · 19h

Maybe the nation should have a class action suit against Ivy law and business schools. They pump out deeply uneducated people.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 08/10/2026

I think in reality what socialism actually means in the American context is that trillionaire Elon Musk got $38 billion from the U.S. government and you got rejected trying to buy a $1 soda on SNAP benefits.

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Joanne Hammond @joannehammond.bsky.social · 09/10/2026

Canadian Conservatives supporting the Liberals’ labour-busting, environment-trashing, Indigenous-betraying omnibus bill IS SUPER BAD NEWS for democracy, and @rachelgilmore.bsky.social is the only one reporting this like it matters. Where is #cdnmedia?

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Omar Baddar @omarbaddar.bsky.social · 09/10/2026

George Carlin once joked about societal depravity reaching the point where America would televise executions. The Trump regime has actually gotten us here.

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Kevin Korb @kbkorb.bsky.social · 09/10/2026

Trump diminishes the National Medal of Science by awarding it to tech bro donors rather than scientists on their scientific merits.

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Club Saanich @thesaanichdaily.bsky.social · 09/10/2026

Virtue signaling. They know he has no chance of winning this riding so he's the sacrificial lamb. They aren't pulling their bigoted candidates in competitive ridings.

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Alan Richardson @alanrichardson.bsky.social · 09/10/2026

I don’t think I will ever stop being furious

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Adam Serwer @adamserwer.bsky.social · 08/10/2026

I think people should listen to what the administration trying to bring back spectacle lynchings, race riots, and middle passage-esque deportation voyages are trying to tell you about themselves. bsky.app/profile/bren...

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Alan Richardson @alanrichardson.bsky.social · 09/10/2026

Everything about this “report” is an embarrassment to actual standards of scholarship. Sideshow Bob stepped on fewer rakes

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jamelle @jamellebouie.net · 08/10/2026

a livestreamed execution is just a lynching

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Alan Richardson @alanrichardson.bsky.social · 09/10/2026

First they came for the accountants….. Christ, this is stupid….

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jamelle @jamellebouie.net · 08/10/2026

the funny thing about this of course is that "athenian democracy" was a cautionary tale to the framers, who saw it as unstable and prone to demagogues and tyrants like the one rubio works for

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Alan Richardson @alanrichardson.bsky.social · 08/10/2026

Dear Americans—your dear leader can use whatever terms he wants but there are a million conversations about AI use across educational establishments and we won’t be changing our language to make it more confusing.

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Alan Richardson @alanrichardson.bsky.social · 08/10/2026

Use “Superduper Intelligence” or you are my sworn enemy for life. (I hate living in the age of grade school bullies running the world.)

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Kevin M. Kruse @kevinmkruse.bsky.social · 08/10/2026

We're maybe a week away from a Trump official shouting "White Power!" at one of these conferences.

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Lindsay Beyerstein @beyerstein.bsky.social · 08/10/2026

This is horrifying Tuskegee-level shit.

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SEIU Local 2 @seiulocal2.bsky.social · 07/10/2026

We're right in the middle of municipal elections across BC and we're saying: Vote For Here! Find leaders here: voteforhere.ca And check out a few of the pro-worker municipal candidates! @copevancouver.bsky.social @onecityvan.bsky.social @bcfed.bsky.social

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Alan Richardson @alanrichardson.bsky.social · 08/10/2026

The Trump Medal of Honor for Cheating. Perfect, no notes.

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