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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Eric Bakkum @bakkum.bsky.social · 10/10/2026

I'll say it again: this is leadership.

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Laura Bassett @lebassett.bsky.social · 09/10/2026

“If you don’t like public executions just don’t watch it” says the crowd trying to ban drag shows and books

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A.R. Moxon @juliusgoat.bsky.social · 09/10/2026

They’re live-streaming the execution of the person they think they can get away with doing that to first. It’s a test. If they can do that, they’ll expand the margins of permission.

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Eric Bakkum @bakkum.bsky.social · 08/10/2026

It's hard to keep up a good pace when you're drunk. Or hungover.

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Julia Sky enters the chat. @juliasky.bsky.social · 02/10/2026

We've lost the plot as a society when we started demonizing words like "processed" and "chemical". H2O is a chemical. You are made up of chemicals. A diced tomato is processed, by definition. Nearly everything we eat is processed one way or another. Words have meaning!

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Eric Bakkum @bakkum.bsky.social · 25/09/2026

This is what responsible, compassionate leadership looks like.

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Eric Bakkum @bakkum.bsky.social · 18/09/2026

This scene is a core memory of my childhood.

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Eric Bakkum @bakkum.bsky.social · 17/09/2026

Just the dumbest fucking people.

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Eric Bakkum @bakkum.bsky.social · 17/09/2026

They're all crooks and grifters. And they can't help but lie with every breath they take.

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Eric Bakkum @bakkum.bsky.social · 10/09/2026

How did our society become so fucked up that incarcerated men are paying down lunch debt for school children?

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Elizabeth Jacobs, PhD @elizabethjacobs.bsky.social · 02/09/2026

Parents refusing the vitamin K shot for their newborns has increased by 57% in 2026 alone. This puts their babies at risk for brain and GI bleeds. Rate of refusal is higher for girls than boys, as some hospitals won’t circumcise male infants unless they’ve had the shot. RFK Jr. caused this.

Screenshot of a figure showing refusals of vitamin K shots and a drastic increase beginning in 2026. Refusals are higher for girls than boys.

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Kevin M. Kruse @kevinmkruse.bsky.social · 27/08/2026

Again, this is newsworthy, but only because it shows (1) the deeply unpopular President of the United States is badly out of touch with the actual concerns of voters and (2) he is also quite fucking insane.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 27/08/2026

Dolly Parton was they type of Christian that Christian Nationalists only *pretend* to be. Unlike Christian Nationalists, she didn't browbeat us with how CHRISTIAN she was. She just lived her life doing things that Jesus asked her to do, like heal the sick, help the children, and care for the poor.

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Garrett M. Graff @vermontgmg.bsky.social · 25/08/2026

One way you know Dolly Parton lived life the right way: I don’t think anyone’s going to get fired for accurately quoting Dolly Parton today.

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Jen Taub @jentaub.bsky.social · 17/08/2026

“A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health.” ysph.yale.edu/news-article...

ysph.yale.edu

Universal Health Coverage Could Save $1 Trillion and 114,000 Lives Every Year, Yale Study Projects

A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it

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👻👹 boo-rit 👹👻 @britculpsapp.bsky.social · 15/08/2026

IF WATER WORKED YOU WOULDN’T NEED TO KEEP DRINKING IT

David Wolfe & @DavidWolfe
X.com
IF MEDICINE WORKED YOU WOULDN'T NEED TO REFILL YOUR PRESCRIPTION
7:00 PM • 8/13/26

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Eric Bakkum @bakkum.bsky.social · 14/08/2026

Every op-ed and think piece from the NYT and the Post would beat to death the word "hysteria"

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 11/08/2026

If you have enough money that you can blow $100,000,000 on avoiding taxes, you have enough money to pay $100,000,000 *on* taxes that will help your fellow citizens, you self-centered prick.

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Eric Bakkum @bakkum.bsky.social · 06/08/2026

BECAUSE IT NEEDS TO BE SAID, AGAIN AND AGAIN

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Molly Jong-Fast @mollyjongfast.bsky.social · 03/08/2026

He’s a roadkill enthusiast not a scientist

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Eric Bakkum @bakkum.bsky.social · 28/07/2026

Head injuries are no joke. 😔

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Waldo Jaquith @waldo.net · 24/07/2026

The claim “RFK Jr. does not fuck chickens” is not an evidence-based claim because studies have not ruled out the possibility that RFK Jr. fucks chickens.

KEY POINTS
• The claim 'vaccines do not cause autism’ is not an evidence-based
claim because studies have not ruled out the possibility that infant vaccines cause autism.

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Aaron Rupar @atrupar.com · 23/07/2026

this is a real, unaltered photo of Trump during his rally in Georgia today (Kevin Dietsch/Getty)

Trump looking very damp with his eyes closed and vaguely crossed, huge bags under them and lots of stuff happening under his chin too

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 23/07/2026

Heads up: Taylor Farms lettuce is sold under these brand names: Marketside (sold at Walmart) Earthbound Farm (owned by Taylor Farms) Cross Valley Farms (owned by US Foods) Private labels for Target, Whole Foods (365), and Amazon Fresh. AVOID ALL OF THEM

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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 18/07/2026

In 2001, Walter Cronkite appeared on the David Letterman show and shared his thoughts.

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Eric Bakkum @bakkum.bsky.social · 17/07/2026

Testosterone. With a capital T.

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Morgan @larubia22.bsky.social · 16/07/2026

28 years of cyclosporiasis testing Screwworms eradicated in the US in 1966. Measles eradicated in the US in 2000. All are back because of this science denying administration.

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Eric Bakkum @bakkum.bsky.social · 14/07/2026

So many great performances in that film.

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Nancy Armour @nrarmour.bsky.social · 30/06/2026

The ban is heinous for what it does to transgender athletes. But if you think cisgender girls and young women won’t be caught up in the fallout, too, you are woefully ignorant

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Eric Bakkum @bakkum.bsky.social · 30/06/2026

And why does it have 11 stars?! ELEVEN?!

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Eric Bakkum @bakkum.bsky.social · 30/06/2026

Why does it have 11 stars?! ELEVEN?!

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Weedle @weedle.bsky.social · 15/06/2026

No I don't want fiber in my soda. I don't want protein in my waffles. Stop adding random shit to perfectly good food.

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Eric Bakkum @bakkum.bsky.social · 11/06/2026

This is the worst episode of Lost.

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