iiinova — where your digital self keeps evolving

Reposted by Anne Burbidge

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,…

125122665226

Anne Burbidge @anneburbidge.bsky.social · 15h

ABC Books on Yonge near Isabella closing 50% off sale. Tons DVDs, CDs☆ #shopping #film #music

121

Anne Burbidge @anneburbidge.bsky.social · 09/10/2026

Some colour downtown near Bay St.-- chrysanthemums. #flowersforFriday #gardening

050

Anne Burbidge @anneburbidge.bsky.social · 08/10/2026

Lots of fall produce at Longo's, including Hubbards squash (right), which is edible. #cooking

040

Anne Burbidge @anneburbidge.bsky.social · 07/10/2026

Great city election coverage in free paper @thegrindto.bsky.social Advance voting this weekend to beat line ups on the day. #TOpoli

021

Reposted by Anne Burbidge

Little Green Space 🐝 @lgspace.bsky.social · 05/10/2026

How long until it's gone? Ways to #BeatPollution and take #climateaction⁠: 🦀 Support beach clean-ups ♻️ Reduce. Reuse. Recycle 🌏 Avoid single-use plastic, and unnecessary or non-recyclable packaging 🌳 Celebrate special occasions with tree-planting not balloon releases

Picture of different items with the timescales required for each to decompose - ranging from two weeks to never - captioned ‘How long until it’s gone?’

34315

Anne Burbidge @anneburbidge.bsky.social · 05/10/2026

Brave mushroom -- Shaggy Mane -- in middle of road.

000

Anne Burbidge @anneburbidge.bsky.social · 04/10/2026

How to Live on Earth documentary #film great w Benedict Cumberbatch. Free on YouTube. #climate

000

Anne Burbidge @anneburbidge.bsky.social · 03/10/2026

Great idea to frame stamp #art in larger form. Seen at thrift shop. #design #decor

010

Reposted by Anne Burbidge

MJ @marinajade.bsky.social · 02/10/2026

011

Reposted by Anne Burbidge

MeidasTouch @meidastouch.com · 31/08/2026

Spotted outside The Penthouse Nightclub in Vancouver, British Columbia, Canada. REUTERS/Chris Helgren.

423260306264

Anne Burbidge @anneburbidge.bsky.social · 01/10/2026

Under water #art in tunnel to island airport, in TO. Ottawa canal view. Artist a woman-- Staples, I think, her last name. #travel #Canada

141

Anne Burbidge @anneburbidge.bsky.social · 26/09/2026

Great weather for Word on St book fest, 215 King St on today & tomorrow. #free #notAmazon #local #books #magazines

040

Reposted by Anne Burbidge

Wolsak & Wynn @wolsakandwynn.bsky.social · 26/09/2026

A reminder that we're down at Word on the Street Toronto today and tomorrow! Come down and say hi at Booth #1! toronto.thewordonthestreet.ca

toronto.thewordonthestreet.ca

The Word On The Street Toronto – Canada's Largest Literary Festival

No Events

032

Anne Burbidge @anneburbidge.bsky.social · 25/09/2026

Cleared security flying home from out east w this hemp powder baggy in carry on luggage, yay. #travel #Canada #food #protein #import #ant

000

Anne Burbidge @anneburbidge.bsky.social · 25/09/2026

Great bookstore buys & sells second hand #books-- JW Doull-- in Dartmouth, NS. Worth a look. They have tons. Some v valuable. #notAmazon #canlit

060

Reposted by Anne Burbidge

My IRL friends call me Chris @christyceeck.bsky.social · 22/09/2026

Please help spread the word. Rory does great work, and I have the feeling this request is building on a story that matters a lot to our democracy.

1810

Anne Burbidge @anneburbidge.bsky.social · 19/09/2026

Seen in library-- dates of historical walking tours of city, free. #walkTO #travel #Toronto

000

Reposted by Anne Burbidge

ebisback.bsky.social @ebisback.bsky.social · 18/09/2026

Word! Hell yes I support this💙💛

575210294101

Reposted by Anne Burbidge

Sarah Dearing 🇨🇦 @sarahdearing.bsky.social · 16/09/2026

Friend who worked at a funeral parlour in his youth taught me about replanting discarded mums.

021

Anne Burbidge @anneburbidge.bsky.social · 17/09/2026

A good switch-- trail mix for protein bars. Solid protein, less junk. Cheaper too. #food #hacks

030

Anne Burbidge @anneburbidge.bsky.social · 14/09/2026

Wore biking rain pants for first time in months today-- feels like fall. #dlws #biketo

051

Anne Burbidge @anneburbidge.bsky.social · 13/09/2026

How many folks just have contact #s stored on cell? Not by memory. Just now wrote out a bunch-- we rely on #tech too much. #AI #phones

010

Anne Burbidge @anneburbidge.bsky.social · 13/09/2026

Make a band edible The Tragically Chip

020

Anne Burbidge @anneburbidge.bsky.social · 12/09/2026

Love that book designers decorating /colouring sides of book too. Just bought this @ Book City on their 50th bday for 20% off. #art #fiction #books #local

0110

Reposted by Anne Burbidge

Dylan Reid @dylanreid.bsky.social · 09/09/2026

Maybe they got AI to make the list of banned "Canadian" alcohols?

072

Anne Burbidge @anneburbidge.bsky.social · 09/09/2026

A dark roast #coffee saved me on busy day today. Better than regular Tim's, I think. Ever tried?

000

Reposted by Anne Burbidge

MJ @marinajade.bsky.social · 05/09/2026

001

Anne Burbidge @anneburbidge.bsky.social · 06/09/2026

Found a use for stickers that come in mail to induce you to donate to their cause. Just cut off bits to highlight photo, stick it on gift. #art #therapy #adult #sticker #collecting ☆

030

Anne Burbidge @anneburbidge.bsky.social · 04/09/2026

In ticket days, 2008, went to see #GloriaSteinem w my cousin, remember a great uplifting talk to packed hall. What a lucky thing. Thank-you, GS~

010

Anne Burbidge @anneburbidge.bsky.social · 04/09/2026

For #flowersforFriday --Dahlias looks like, as per PlantNet app. #free

020

Anne Burbidge @anneburbidge.bsky.social · 04/09/2026

Still remember #GloriaSteinem saying many encouraging things in her speech when she was here in Toronto nearly 2 decades ago. A hope-aholic she called herself. Encouraged everyone to be one too. Thank-you, Gloria~

030

Reposted by Anne Burbidge

Mary Lacroix @marylacroix.bsky.social · 02/09/2026

#dlws In case you haven't bookmarked the Toronto Hydro outage map, this might be a good time.

outagemap.torontohydro.com

Outage map - Toronto Hydro

032