iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 15h

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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Lynn Sacco @urbanexile.bsky.social · 13h

Hello JD, the Catholic Bishops are calling! “The public execution even of one who has done grave harm will only further undermine the moral fabric of our nation and be a blight on the conscience of its people,” he said. www.vaticannews.va/en/church/ne...

vaticannews.va

US Archbishop Coakley: Livestreaming execution promotes a ‘culture of death’ - Vatican News

Archbishop Paul Coakley, President of the US Bishops’ Conference, expresses shock over the planned livestreamed execution of Nidal Hassan, warning ...

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JLRay @jlray.bsky.social · 15h

a meth head with a fishing rod should not be valued at the worth of the planet's supply of fish and sunken pirate booty

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annamm @anmle.bsky.social · 16h

"As of this summer, ICE was waiting for Palantir to enter the [tens of millions] voter data into an expansive and controversial surveillance tool, known as ELITE, that the company developed for ICE’s immigration enforcement operations across the country, the documents reveal." #illegal

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404 Media @404media.co · 16h

Today, "The Social Reckoning" hits theaters. @jasonkoebler.bsky.social sat down with Frances Haugen, one of the real-life whistleblowers the movie based on about why she exposed how Facebook’s algorithm was pushing people toward hate groups. Watch our interview: www.youtube.com/watch?v=oB3I...

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e.w. niedermeyer @niedermeyer.online · 18h

if you would like to watch "MUSK" in the theater, which I strongly encourage considering the Ellisons have bought HBO where it is supposed to stream eventually, you can find a list of theaters nationwide here: bleeckerstreetmedia.com/editorial/fi...

bleeckerstreetmedia.com

Find Theaters | Bleecker Street

The official Website for Bleecker Street, the film company that’s bringing you SPINAL TAP II, RELAY, RUMOURS, HARD TRUTHS and many more.

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e.w. niedermeyer @niedermeyer.online · 18h

Here's an extended NPR interview with Gibney, which I definitely encourage you to read/listen to... and not just because he gives "Ludicrous" another shout-out as a key tipping point in his journey toward making this film! www.npr.org/2026/10/07/n...

npr.org

How 'Musk' director Alex Gibney became a critic

A trove of documents and interviews with people close to tech billionaire Elon Musk reveal a damning picture of his rise as one of the world's richest and most powerful men.

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Shannon Vallor @shannonvallor.bsky.social · 09/10/2026

SO good: “…we are constantly strapping in for the future, making ready each time to throw out the communities, cultural practices, and values that we have come to appreciate in their imperfections, only to be told once again that the plane must return to the gate for another unspecified checkup.”

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annamm @anmle.bsky.social · 08/10/2026

A quote about Calarco's book: " 'Other countries have social safety nets. The U.S. has women.' Holding It Together chronicles the causes and dire consequences." US definitely pushed unpaid (care) labour to its extremes, but that doesn't delimit the issue. www.penguinrandomhouse.com/books/697130...

penguinrandomhouse.com

Holding It Together by Jessica Calarco: 9780593538128 | PenguinRandomHouse.com: Books

Other countries have social safety nets. The U.S. has women. Holding It Together chronicles the causes and dire consequences. America runs on women—women who are tasked with holding society...

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The Mummer's Dracolich @mummers.bsky.social · 08/10/2026

"If prose is a house, poetry is a man on fire running quite fast through it."

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Micah @rincewind.run · 08/10/2026

"threatened to report someone's marriage as fraudulent to chase them out of a rent-controlled apartment" is about the most evil thing I've ever read that didn't involve physical violence

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Dr Dean Burnett @drdeanburnett.bsky.social · 06/10/2026

"By using AI, tasks like essays that used to take hours can be completed in minutes!" Sure, like how if I arrive at the gym and immediately go for a shower, my workout is done in record time. And if I throw my sandwiches straight in the bin, I can finish my lunch in under 10 seconds.

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The Tennessee Holler @thetnholler.bsky.social · 06/10/2026

JON STEWART: “So in the FUTURE we WILL use A.I. to cure diseases… but right now it’s mostly murder, surveillance, and surge pricing for the McRib — What a trade! I’m getting the sense you guys might be full of shit.”

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Andrew Deck @andrewdeck.bsky.social · 05/10/2026

ChatGPT is adding the signatures of real New Yorker cartoonists to its AI-generated images. So far, I've found the signatures of more than 15 contributors. "It’s slop, and unlike the other slop that I’ve encountered, this is slop that’s pretending to be me." www.niemanlab.org/2026/10/chat...

Left: A cartoon generated by ChatGPT and signed with Emily Flake’s signature that was posted to a Reddit forum in June. Right: A real Emily Flake cartoon published in The New Yorker on August 20, 2026 and licensed via The Cartoon Bank.

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Frank Pasquale @frankpasquale.bsky.social · 06/10/2026

“Effortful reasoning doesn’t feel as good to users as does quickly approving an AI’s plan—especially if they feel overwhelmed. AI’s sycophantic manner tells users that they’re doing well, which undermines the skepticism and self-monitoring that oversight requires.” spectrum.ieee.org/agentic-ai-h...

spectrum.ieee.org

Humans in the Loop—Or Just "Meat Tools" for AI Agents?

AI researchers discover the same problems that have plagued robotics and autonomous vehicles

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Seth Cotlar @sethcotlar.bsky.social · 04/10/2026

It’s interesting how the standard bearer for the party whose message used to be “Democrats suck because they just buy votes by giving people free stuff” has decided the closing message for the midterms will just be “how many more checks do we have to send you in order to earn your vote?”

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David Henig @davidheniguk.bsky.social · 03/10/2026

This is all very nice on Burnham's opening the door a little on EU matters, but I've been having conversations in Brussels about the UK's choices since at least 2023 and nothing has basically changed since then. www.ft.com/content/3d43...

ft.com

Does the EU want Britain back?

Burnham has reopened the Brexit debate. That doesn’t mean the UK will be welcomed back on its own terms

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Rebecca Williams @rebeccawilliams.info · 03/10/2026

all of these examples are just an opportunity to uncover some preexisting psychological wound that needs tending to here the headline should be Parents Strapped for Cash Who Lack Aesthetic Discernment Are Grifted by Opportunists

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Nicole Bedera @nbedera.bsky.social · 03/10/2026

I’ll also add that most of the heat should be directed at USA Today, but the journalists who participated in this breach of ethics also made a choice. Organizations are made up of people. We can’t absolve the people who do harm on the behalf of an organization.

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Harbinger Media Network @harbingermedia.bsky.social · 02/10/2026

On a new 💾 @techwontsave.us 💾 @ketanjoshi.co joins @parismarx.com to discuss how the data center buildout is driving a surge in fossil fuel investment. www.techwontsave.us/episode/348_...

techwontsave.us

The AI Buildout is a Boon for the Fossil Fuel Industry w/ Ketan Joshi - Tech Won’t Save Us

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paulpro @mariopro.bsky.social · 02/10/2026

Beware of: October suprises Sanewashing Horse race coverage False equivalence Euphemism @anntelnaes.bsky.social (archives from the runup to another election 10/16/24)

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The Media and Democracy Project @mediaanddemocracy.bsky.social · 02/10/2026

Americans need to understand the stakes of the upcoming elections. Too many news orgs rely on “horse race coverage”, “sanewashing”, “false equivalence”, “euphemism” and other inadequacies. Endorse our pro-democracy election coverage guidelines. www.mediaanddemocracyproject.org/2026-electio...

Ahead of the midterms, journalists must:
• Make threats to democracy clear.
Protect Americans from disinformation.
I Cover elections like they matter more than sports scores.
MEDIA AND DEMOCRACY
PROJECT
Sign our open letter asking for pro-democracy coverage by visiting mediaanddemocracyproject.org

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Kate Devlin @drkatedevlin.bsky.social · 02/10/2026

This does indeed smell desperate, but that's not why I'm sharing it. No, the bit that leapt out to me was the @financialtimes.com use of the phrase "Seattle-based cloud giant" to describe Amazon, which sounds beautifully fairytale and captures the nature of this whole industry: magic beans.

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Aaron Regunberg @aaronregunberg.bsky.social · 29/09/2026

The oligarchs are coming for every last tool the American people have ever used to restrain corporate abuse, deception, and overreach. It's a huge new front in the right's push for elite impunity, and it's not getting enough attention. For @newrepublic.com. newrepublic.com/article/2154...

newrepublic.com

The Right-Wing Plot to Make It Harder to Sue Corporations

Oligarchs and their Republican lackeys are working together to shield corporations from accountability for the widespread harms they do to the American people.

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Mad Scholar Frights @mattzollerseitz.bsky.social · 02/10/2026

Most of the commentary about this concentrates on how it's just an asshole move. And it definitely is. But it's also a violation of ADA

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THE NERVE @thenerve.news · 01/10/2026

“How are you supposed to sleep when your whole flat is vibrating?”: Slough residents tell Brenna Spain about the unsettling noise pollution from the data centres next door www.thenerve.news/p/slough-dat...

Sleepless in Slough: the residents who fear for their failing health in Europe’s data centre capital. Red and yellow illustration of an under-construction Equinix data centre in Slough, England

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Chad Briggs @chadmbriggs.bsky.social · 02/10/2026

I seem to remeber an impeachment around this sort of thing in his first term. Now it's just Thursday

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annamm @anmle.bsky.social · 01/10/2026

So the “Watergate would have blown over in a day” eyeliner line had a back end.

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Dr. Genevieve Guenther (she/they) @doctorvive.bsky.social · 30/09/2026

None of the cheerleaders of the Permitting Reform bill are talking about the fact that it establishes a 150-day statute of limitations for lawsuits under *any* federal law challenging authorizations for coal, oil, and gas extraction. Forever. 150 days is no time at all.

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404 Media @404media.co · 30/09/2026

"Do you watch the news? Do you listen to the radio? Do you read anything about what's going on in the world?” one of the judges asked the lawyer, who submitted false testimony and witnesses after using ChatGPT.

404media.co

Lawyer Cites ChatGPT-Invented Fake Witnesses in Murder Appeal

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annamm @anmle.bsky.social · 30/09/2026

The next decade decides Hungary's path: a capability economy, or the middle-income trap, too costly to compete on cost, too thin on skill to compete on value. Future winners will be those who invest in growing skill now, mostly in thinking skills (math, text comprehension, logic).

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The Southernerd @thesouthernerd.bsky.social · 30/09/2026

Great thread. It’s specific to Hungary, but only because they had a head start. It’s a direction and a goal for countries under outsized control by corporations. (Looking at you, US) This is coming to the US under #GOP leadership.

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Prof Ian Hall @ianhall.bsky.social · 30/09/2026

23,000,000,000,000,000,000,000 joules. That’s the amount of heat the oceans absorbed in 2025. A number so huge it’s almost meaningless…until you realise it’s roughly 40× humanity’s annual energy use. The ocean is buying us time. We’re running out of it. www.theguardian.com/environment/...

theguardian.com

World’s oceans absorbed record heat equal to 40 times annual global energy use

The injection of thermal energy comes amid an increasing rise in sea levels and continuing acidification

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Christopher Callahan @ccallahan45.bsky.social · 30/09/2026

A very fitting and timely episode, as conservative forces are once again gearing up to steal the emails of scientists (including mine) to help avoid accountability for climate change impacts www.politico.com/news/2026/09...

politico.com

Inside the anti-climate campaign against researchers

A POLITICO investigation reveals more than 100 open records requests demanding documents from climate scientists nationwide.

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annamm @anmle.bsky.social · 30/09/2026

Sources: Productivity growth vs CEE peers (Eurostat): bbj.hu/economy/stat... CEE GDP per hour (OECD): www.statista.com/statistics/1...

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annamm @anmle.bsky.social · 30/09/2026

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annamm @anmle.bsky.social · 30/09/2026

Bottom line: for over 30 years, the cheap-labour model harvested skills without regrowing them. Demography, weak schools and AI-driven cuts to junior work are now exposing that. The future of work is skilled, but only for countries that keep developing the people who deploy those skills.

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annamm @anmle.bsky.social · 30/09/2026

What follows: Treat early literacy and curiosity as economic infrastructure. Make firms that automate keep apprenticeship paths. Pair retiring experts with juniors before they leave. Use AI to speed up learning, not to skip it.

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annamm @anmle.bsky.social · 30/09/2026

Productivity is the only way out, but productivity needs skill, and skill needs time: ~15 yrs of foundations, ~10 of practice. New curriculum takes 1.5 years to launch, a decade to show results. Policy cycles are shorter than skill cycles. HU has been falling behind for a foundation cycle.

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annamm @anmle.bsky.social · 30/09/2026

And there are fewer people to build skill in. Employment is ~80,000 below its 2023 peak, the 25–44 cohorts are shrinking, and many 60–64-year-olds will retire soon. When experts retire without apprentices, their tacit knowledge retires with them. Less kids in local schools affects local systems.

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annamm @anmle.bsky.social · 30/09/2026

AI makes (good or slop) information cheaper and judgment very scarce. But judgment is built from years of cases, errors, and feedback. Students already use AI to skip the struggle: 29% have it write their assignments, only 25% use it to explore. Same shortcut, school and office.

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annamm @anmle.bsky.social · 30/09/2026

The next layer is breaking too. Expertise is tacit: you learn it by doing junior work under someone experienced. Firms are cutting junior roles, and AI automates exactly that routine work. Without the apprentice stage, there's no path to becoming the expert.

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annamm @anmle.bsky.social · 30/09/2026

PISA 2025 shows the long-value stock running out. Reading is at record low of 452, a 21-point drop in 3 years, about a year of schooling. More telling: only 3% of 15-year-olds excel in reading vs 5.5% OECD-wide. Cheap-labour economy never asked or rewarded schools (and teachers) for excellence.

qubit.hu

A magyar diákok minden eddiginél gyengébben teljesítettek a PISA-teszten szövegértésből és matematikából

A most közölt adatokból kibontakozó hosszú távú trendek ijesztő képet festenek nemcsak a 15 éves diákok képességeiről, hanem a magyar oktatási rendszer állapotáról is. Az oktatási minisztérium az alap...

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annamm @anmle.bsky.social · 30/09/2026

That's the productivity trap. Cheap labour → firms don't invest in machines or know-how → jobs stay low-paz and skill → learning doesn't pay → families and schools aim lower or people move away. Result: Hungary had the lowest GDP per hour worked in CEE in 2022 (OECD).

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