iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 09/10/2026

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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Democracy Now! @democracynow.org · 04/10/2026

Researcher @timnitgebru.blacksky.app says Silicon Valley discourse about the supposed "existential risks" of artificial intelligence is part of a ploy to avoid regulation of the industry. www.democracynow.org/2026/10/1/ti...

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Brent Toderian @brenttoderian.bsky.social · 03/10/2026

This one is doing the rounds

A picture of Elon Musk, via the London Economic. The quote says “If a monkey hoarded more bananas than it could eat, while most of the other monkeys starved, scientists would study that monkey to figure out what the heck was wrong with it. When humans do it, we put them on the cover of Forbes.“ – Nathalie Robin Justice.

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Max Berger @maxberger.bsky.social · 03/10/2026

AI is just like the internet, or social media—it’s a technology which could be used for maximal benefit, but instead has been captured by a handful of oligarchs. I think it’s always important to distinguish between new technologies and the ownership & governance structures they’re embedded within.

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Gwen C. Katz @gwenckatz.bsky.social · 02/10/2026

Things Gavin Newsom has vetoed this week: -A ban on secretly recording people with smart glasses -A ban on ICE agents working for the state government -A ban on websites selling your data -A bill giving native tribes more say over water rights -A bill protecting transgender healthcare providers

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Robert Reich @rbreich.bsky.social · 25/09/2026

DoorDash spent $1.4M trying to stop Zohran Mamdani from becoming mayor. This week's historic $131.5M enforcement action against DoorDash for underpaying NYC delivery workers shows why. Yet another reminder that the only thing that can beat organized money is organized people.

theintercept.com

DoorDash Spent $1.4 Million Trying to Stop Mamdani From Becoming Mayor. Now We Know Why.

In a wage-theft settlement, DoorDash now has to pay its workers around 100 times what it spent trying to beat Zohran Mam

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Mike Drucker @mikedrucker.bsky.social · 09/09/2026

You’ve gotta use AI because it’s the future. But also it’ll take your job. But also it’ll create a paradise on earth and solve most of our problems. But also it’ll end humanity soon. But also you’ll get left behind if you don’t use it right now.

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ProPublica @propublica.org · 31/05/2026

After defense officials got a request to push through a deal with a firm tied to Donald Trump Jr., Pentagon staff moved at an unusually rapid pace. “The call came from the White House: We have to get this done,” said one person involved.

propublica.org

The White House Intervened to Get a $620 Million Deal for a Company Tied to Donald Trump Jr.

About three months before the Pentagon announced plans to lend money to Vulcan Elements, Trump Jr.’s venture capital firm took an undisclosed stake in the company.

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Brian Phillips @brianphillips.lol · 28/05/2026

Here's the serious bit for anyone who'd rather skip the 4000 words of jokes

Because the truth is, tech doesn't have an image problem. It doesn't have a message problem. It has an intention problem. What's wrong with the axe murderer who broke into my house is not that he hasn't successfully persuaded me to buy into his narrative. What's wrong is that he's trying to kill me with an axe. Similarly, when you launch a product that's designed to put millions of people out of work, block access to sources of verifiable truth, replace human creativity with slop, and lower the barriers to every sort of atrocity, the problem isn't that you haven't told the public a good story about those things. The problem is that you are trying to do them. (
There are things in the world that are more important than money. The fact that you seem not to believe this, that you seem to think any motive beyond ruthless acquisitiveness is fake, dishonest, or childish, is the heart of your problem. Your attitude is not by any means unique to tech, but the

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Robert Reich @rbreich.bsky.social · 28/05/2026

Corporations spend more than $1.5 billion a year on union-busting. That’s $1.5 billion they could have spent on higher wages, better benefits, and improving workplace safety. Remember: if they weren’t so scared of worker power, they wouldn’t fight so hard against unions.

theguardian.com

US employers spend more than $1.5bn a year to fight labor unions, report finds

Critics say employers spend money hiring union-avoidance consultants and lawyers while not investing in workers

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Katie Phang @katiephang.bsky.social · 23/05/2026

Every state should take a page out of Hawaii’s playbook on tackling Citizens United

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Ryan Broderick @ryanhatesthis.bsky.social · 15/05/2026

The end goal of AI is not building god or whatever — or even building AI tools that even work. It's stuff this. A proprietary layer of automation that controls and surveils everything we do, owned by the wealthiest of society. They want to freeze the world as it is now and rule over it.

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Tiffany Muller @tiffanymuller.bsky.social · 05/05/2026

The American people are tired of corrupt politicians selling out to the highest bidder. Leaders like @pocan.house.gov and @repmcgovern.bsky.social know that getting our democracy to work means getting money out of politics and ending Citizens United.

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Elizabeth Warren @warren.senate.gov · 23/04/2026

Eric Trump went on FOX to brag about winning ANOTHER multimillion-dollar contract from the Trump administration. I've been sounding the alarm and pushing for answers. Is the Pentagon just a cash machine for Trump’s kids now? This looks like corruption in plain sight.

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Democracy Now! @democracynow.org · 13/04/2026

The U.S. government is preparing to begin automatically registering young men for the military draft pool. A database like this, warns anti-war activist Edward Hasbrouck, "is particularly likely to be weaponized for other purposes against vulnerable trans and immigrant youth."

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Dannagal Goldthwaite Young @dannagal.bsky.social · 13/04/2026

Also wild that we are witnessing the same exact bullshit with the forced integration of AI into pedagogy. Can we just skip the stupid part and get to the part where we realize that it will have been a complete failure – and then just not do it?

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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 09/04/2026

This is so well done. 👌

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Dr. Crystal A. Kolden @pyrogeog.bsky.social · 09/04/2026

As a fire scientist, I am devastated for my many good friends and colleagues who will be affected by the mass closure of so many research stations and offices. Many will leave the agency. USFS has pioneered so much foundational fire science. The consequences of this will be catastrophic.

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Simon Marks @simonmarksfsn.bsky.social · 08/04/2026

Impossible to disagree with a single word that Ben Rhodes (Obama era NSC official) is saying here:

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Qasim Rashid, Esq. @qasimrashid.com · 08/04/2026

NYT reporting that under this ceasefire each ship will pay $2M to pass through the Strait of Hormuz. It was $0 before Trump launched this illegal war. 100-130 ships pass the Strait daily. Trump just gave Iran an extra $100M-$130M per day. Masterful gambit, sir. Impeach and remove this fascist—NOW.

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Robert Reich @rbreich.bsky.social · 06/04/2026

That one person can drag us into a war without consulting or even notifying Congress beforehand, or our allies, or coherently explain to the American people why this is necessary, is absolutely bonkers. Reminder that Congress has the power to stop this.

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Timothy Snyder @timothysnyder.bsky.social · 07/04/2026

“A whole civilization will die tonight, never to be brought back again.” -Trump Article III The following acts shall be punishable: (a) Genocide; (b) Conspiracy to commit genocide; (c) Direct and public incitement to commit genocide; (d) Attempt to commit genocide; (e) Complicity in genocide.

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Aaron Rupar @atrupar.com · 07/04/2026

I feel sick to my stomach waiting around to see what atrocity Trump has in mind for the people of Iran this evening. It's hard to fathom our other elected leaders aren't able to check him in any meaningful way. It's an indictment not just of voters but of our whole system. We're ruled by a mad king.

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🦫 Libby Lee-Egan 🦫 @libbington.bsky.social · 07/04/2026

I am so fucking sick of the both-sidesing that keeps happening re: Hopkins bike lanes. Pro-street safety folks want the city to try harder to keep them from dying and the pro-parking people want to keep parking in front of their destinations for free forever. These things are not the same.

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Brent Toderian @brenttoderian.bsky.social · 06/04/2026

Never forget, a 13-year study found that protected bike-lanes led to a drastic decline in fatalities for all road users. ALL ROAD USERS. What about painted bike-lanes? No safety improvement at all. For sharrows, it’s actually safer to NOT have them. Via @usa.streetsblog.org @nyc.streetsblog.org

usa.streetsblog.org

Separated Bike Lanes Means Safer Streets, Study Says — Streetsblog USA

Cities that build protected lanes for cyclists end up with safer roads for people on bikes and people in cars and on foot, a new study of 12 large metropolises revealed Wednesday.

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Robert Reich @rbreich.bsky.social · 02/04/2026

Trump said we “can’t take care of daycare” because “we’re fighting wars.” Hello? The $200B he wants for his war could provide every child in the country with a free school lunch for a year & have $170 billion to spare. Trump can help people here at home — he’s just choosing not to.

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Eric Foltz @ericfoltz.bsky.social · 03/04/2026

If we bought a few less bombs, we could probably afford nice things. One thing I'd like to see from the next presidency would be to appoint a special commission to prepare a report on the actual cost to defend the United States from attack. Not foreign wars. Just the cost to defend this country.

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Andy Lundy @alundy.bsky.social · 01/04/2026

Seems like a no brainer to me- Can Congress stop the ‘straight greed’ of US sports teams leaving their cities? - The Guardian

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Robert Reich @rbreich.bsky.social · 25/03/2026

Still wondering if inequality is out of control?

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John Pfaff @johnpfaff.bsky.social · 23/03/2026

There was ONE ATC in the tower at LGA during last night's crash. ONE ATC, at LGA!, dealing w ALL air and ground traffic, including a plane filling w a strange smell and no gate to return to. The Pentagon wants $200B for a vanity war, but our ATC towers are empty. Budgets are moral documents.

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NY Times Pitchbot @nytpitchbot.bsky.social · 23/03/2026

Whether it's Republican Donald Trump purging the federal government of Black people last year or Democrat Woodrow Wilson purging the federal government of Black people 113 years ago, both parties have shameful records on race.

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Leonard Pierce @leonardpierce.bsky.social · 19/03/2026

The goal now is just to discipline labor and crush any popular anticapitalist movement. They’ve achieved a level of wealth that makes profit and loss pure abstraction, now they’re just focused on social control. Fighting taxes isn’t about wealth, it’s about starving the state of resources

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Democracy Now! @democracynow.org · 19/03/2026

The $200 billion President Trump is demanding from Congress to continue the war on Iran could fund free public college, child care and special needs education in the United States, says @khanna.house.gov.

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ashley fairbanks @ziibiing.com · 18/03/2026

i am just sobbing for Dolores Huerta. there are so many stories like this from women in the civil rights movement, from AIM, from the Black Panthers, and now from UFW, and it is so brave of her to come forward and share something so painful.

medium.com

March 18, 2026

Today, civil rights leader Dolores Huerta issued the following statement:

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Brent Toderian @brenttoderian.bsky.social · 18/03/2026

“In Finland, the number of homeless people has fallen sharply. Those affected receive a small apartment & counselling with no preconditions. 4 out of 5 people affected make their way back to a stable life. And all this is CHEAPER than accepting homelessness.” IT SAVES PUBLIC MONEY to house people.

thebetter.news

Finland ends homelessness and provides shelter for all in need - scoop.me

In Finland, the number of homeless people has fallen sharply. Why? The country applies the "Housing First" concept agains homelessness.

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Will Bunch @willbunch.bsky.social · 16/03/2026

We need to call this what it is: a crime against humanity

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Brent Toderian @brenttoderian.bsky.social · 01/03/2026

“Helsinki hasn’t registered a single traffic-related fatality in the past year…Citing data that shows the risk of pedestrian fatality is cut in half by reducing a car’s speed from 40 to 30km/hr, city officials imposed the lower limit in most of Helsinki’s residential areas and city center in 2021.”

politico.eu

Helsinki just went a full year without a single traffic death

The capital city is Finnish’ed with car-related fatalities.

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Chris Murphy @chrismurphyct.bsky.social · 14/03/2026

The is the federal government telling news stations to provide favorable coverage of the war or their licenses will be pulled. A truly extraordinary moment. We aren't on the verge of a totalitarian takeover. WE ARE IN THE MIDDLE OF IT. Act like it.

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Mayor Zohran Kwame Mamdani @mayor.nyc.gov · 13/03/2026

Let there be as much outrage from politicians in Washington when kids go hungry as there is when I break bread with New Yorkers.

Senator Tuberville on x writing a response to the @endwokeness account

Original tweet from @EndWokeness - “less than 25 years apart”
Image 1 - the twin towers as they are hit by a the planes on 9/11/2001
Image 2 - Mayor Mamdani sitting on a prayer rug while hosting an Iftar at city hall

Quote tweet from Senator Tuberville - “the enemy is inside the gates.”

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