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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clawsout.bsky.social @clawsout.bsky.social · 29/09/2026

Wow! Nice to see there’s still love and dedication (maybe with a bit of desperation or bleak white knuckled dependence) out there.

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clawsout.bsky.social @clawsout.bsky.social · 29/09/2026

I worked briefly for a leading online adult content purveyor whose entire business ran on a bespoke FoxPro application. There was a single person in the org (possibly the world) with the expertise to maintain and update it.

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Mark Agee @markagee.bsky.social · 16/09/2026

"NPR sat down with this solar calculator and asked it to explain this poem about God"

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Let the Right One Ian @ianfortey.bsky.social · 15/09/2026

If I was Macklemore I would show up at the next concert and say I am the new opening act, French Jazz sensation Mac L'amore. Then POW! Same shit as last time.

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Berin Szóka @berinszoka.bsky.social · 09/09/2026

Photo of the decade: AfD leader Alice Weidel

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Comfortably Boo @numb.comfortab.ly · 07/09/2026

MY CAT: Runs over the keyboad. GOOGLE AI OVERVIEW: A clever observation, you hit a very valid point.

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clawsout.bsky.social @clawsout.bsky.social · 07/09/2026

Wait, why did someone Dr. Moreau the one on the bottom right to have the head of a possum?

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clawsout.bsky.social @clawsout.bsky.social · 05/09/2026

*Narrator* What she didn’t know was, it was actually from getting knocked backwards through a hedge after making an awkward drunken pass at one of his mates.

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Ellie Mae O'Hagan @elliemaeohagan.bsky.social · 03/09/2026

I love the dedication in My Life on the Road by Gloria Steinhem

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Alastair Craig @alastaircraig.bsky.social · 26/08/2026

It is very important to know The Worst Witch (1986) is *not a musical*. Tim Curry makes you forget this, and the story so far, and indeed most of your life leading up to that point, for three glorious, scenery-chewing minutes.

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terror @weedlejuice.bsky.social · 16/08/2026

Lately I've been getting into listlessly moving back and forth within the enclosure

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clawsout.bsky.social @clawsout.bsky.social · 17/08/2026

Trump may just be the President who could implement single payer universal health care - sure, he’d skim the trillion dollars saved for himself, but it’d still be worth it!

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Kendra, spooky version @kendrawcandraw.bsky.social · 14/08/2026

It's funny that even when Elon's generating his wildest fantasies in Grok where he's like cowboy cyberGuts terraforming Mars to make Blade Runner real, he's completely fucking alone. The background lyrics are literally begging the listener to not abandon him

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Ben Collins @bencollins.bsky.social · 14/08/2026

The euphemism for Great Depression just dropped.

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clawsout.bsky.social @clawsout.bsky.social · 12/08/2026

In AB1 you had to try and predict the flight path, and you had to work out exactly how to kill all pigs and do maximum destruction in as few birds as possible. AB2 you can pretty much fire anywhere and you’ll set off a chain reaction of explosions and wipe the level first go.

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clawsout.bsky.social @clawsout.bsky.social · 12/08/2026

Main gameplay differences I notice are that in AB2 you get the hint line showing exactly where your bird will hit, and every level is packed with TNT for maximum destruction. Both of these reduce skill and level replayability.

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Granite Man @granitedhuine.bsky.social · 10/08/2026

It's Monday, and here come the four horsemen of the apocalypse (Teams, Outlook, Excel and PowerPoint).

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ragnarokette.bsky.social @ragnarokette.bsky.social · 03/08/2026

Rejected System of a Down lyrics:

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clawsout.bsky.social @clawsout.bsky.social · 03/08/2026

Pffft one glance at my browser tabs lets God know who’s *really* omnipotent…

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KAFUI 🇬🇭 @mykafuiohkafui.bsky.social · 30/07/2026

If pocket calculators regularly and randomly gave you incorrect answers to your queries like ChatGPT does, we would have left the technology behind, not insisted that 2+2=5 is HERE TO STAY, BABY.

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Dan of the Year @downwithdan.bsky.social · 29/07/2026

ancient ritual to determine the bsky discourse of the day

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Tru-ghost Spook-otle @trumanchipotle.com · 27/07/2026

[missed connection] You — trying on some dainty red heels at the mall shoe store Me — wearing four shoes, one on each hand and foot, rapidly skittering through the aisles like an ancient lizard creature until Mall Security catches, restrains, and tases me repeatedly

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WeRateDogs @weratedogs.com · 27/07/2026

Puppy Court is now in session!

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FᎪᎢ ᏩᎪNᎠᎪᏞF @sofarrsogud.bsky.social · 25/07/2026

ME: When looksmaxxers get arrested, do they have mogshots taken SURGEON: How are you still even awake??

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clawsout.bsky.social @clawsout.bsky.social · 25/07/2026

This take is at odds with your AI boosterism - an industry built entirely on stolen StackOverflow and GitHub data, but with the added ‘benefits’ of using all the electricity and water, driving inflation, ruining Copyright and IP laws, and yet STILL hallucinating ~50% of the time.

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clawsout.bsky.social @clawsout.bsky.social · 23/07/2026

Urgh! I need a shower after reading it, how did anyone read that and think “yep that’s exactly the desperate repetitive beseeching tone that’s sure to get someone to sign-up!”? Or is there no human at all in the pipeline, and just an AI agent operating independently.

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badly drawn boo! 🎃👻🧛🏼‍♀️ @soapachu.bsky.social · 22/07/2026

perfect dead drop 10/10 no notes (the shrouds really make this)

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Viktor Winetrout @viktorwinetrout.bsky.social · 22/07/2026

[watching Silence of the Lambs with my gf] I would never treat you that way

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spleenly @spleenly.bsky.social · 17/07/2026

Your own, personal, Jesus, in this economy?

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spleenly @spleenly.bsky.social · 06/10/2025

Dante's seven factors of authentication

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River Side Casino @riversidecasino.bsky.social · 20/07/2026

You know the phrase "gamble with your life"? Pending gaming commission approval, we have big news coming soon!

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Hunter Felt @hunterfelt.bsky.social · 17/07/2026

HOME DEPOT: We didn't tweak the design or anything. The skeleton just started doing it on its own. And the only thing it says is the exact date that you will die. We cannot kill it because it was born dead.

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clawsout.bsky.social @clawsout.bsky.social · 17/07/2026

I like to cast a wide net. So wide it scoops up all innocent persons and guilty aspersions a city block around the fray. So wide the witnesses can’t escape entanglement.

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born miserable @bornmiserable.bsky.social · 13/07/2026

two roads neurodiverged in a wood and I - I stimmed until I was too exhausted to take either one

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Cake or Death @johngcole.bsky.social · 11/07/2026

the complete accuracy of this

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Peter Jukes @peterjukes.bsky.social · 07/07/2026

In politics, we’re torn between ideals and practicalities, aspirations and realities, the world as we want it, and as we find it But one day a manifesto comes along that reconciles both in every pledge. A rare moment of clarity and hope

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scare-cadus (is this anything) 🎃 @birdapp.rip · 05/07/2026

ever since Tim got the tribal tattoo sleeve he’s felt hella tough

a mostly white cat that has tortoiseshell coloration on one leg

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Christian Christensen @chrchristensen.bsky.social · 05/07/2026

OK…who made this???

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