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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derek guy @dieworkwear.bsky.social · 10/10/2026

republicans used to complain about the violence in gangster rap and now they want to livestream an execution

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Robert Reich @rbreich.bsky.social · 09/10/2026

22 California billionaires have spent a combined $150 million so far to defeat Prop 40. By spending their fortunes trying to stop California from taxing billionaires, they're making the argument for a billionaire wealth tax more clearly and articulately than anyone else possibly could.

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United Farm Workers @ufw.bsky.social · 08/10/2026

"Juan" shared this picture from where he is cleaning in the celery in Santa Maria CA. "I'm trimming, pulling off the outer leaves, and cutting the dirt or damaged parts off the freshly harvested celery. This prepares it for packing." #WeFeedYou

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United Farm Workers @ufw.bsky.social · 05/10/2026

"Ramiro" says, "We’re in the final stretch of the summer strawberry season on CAs Central Coast. We get 3 good months of work. Then in Nov-March, there’s no work. We try to use the little we’ve saved to get through those hard months. It's hard as rent's very expensive. #WeFeedYou

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United Farm Workers @ufw.bsky.social · 02/10/2026

"Raul" shares, "I'm in Salinas CA. Our crew walks in the field behind the machine that is planting the celery. We walk behind it and plant the seedlings in spots that the machine misses. We are very tired at the end of the day from being bent over and walking so much." #WeFeedYou

A farm worker crew walks in the field behind the machine that is planting the celery. They walk behind it and plant the seedlings in spots that the machine misses.

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omgisme @omgisme.bsky.social · 02/10/2026

There are people in this world . That if they died tomorrow I would not shed one tear . 7 frat boys for an example . Society says we need to teach women how to not get raped . HOW ABOUT YOU TEACH MEN NOT TO RAPE .

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Angry @angrystaffer.bsky.social · 01/10/2026

You’ve gotta be fucking kidding me

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Kai Ryssdal @kairyssdal.bsky.social · 30/09/2026

Just a reminder that the Secretary of Defense is a dangerous idiot

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Aaron Rupar @atrupar.com · 30/09/2026

I for one think it’s bad that the president can just say crazy stuff all day every day and 99% of it doesn’t make the news because we’ve normalized having an insane president

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Ricky Davila @therickydavila.bsky.social · 29/09/2026

This is what the Lincoln Memorial Reflecting Pool looks like today after a $17M deliberate fuck up and the orange felon won’t stop until he destroys everything. Makes me sick to my stomach every day.

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JFG @jangreene.bsky.social · 23/09/2026

Miller is “soley” responsible for immigrants being shot in the back.

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Musicology Duck @musicologyduck.bsky.social · 06/09/2026

Halloween candy prices gonna radicalize people this year

A variety pack of “255 pieces of candy” which is pretty small and the candy includes like individually wrapped lifesavers and one single starburst for 26.99 (on sale from 29.99)

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Bill Kuchman @billkuchman.bsky.social · 31/08/2026

This sounded especially bizarre to me. So I looked it up. Duffy seems to have confused the EPA ending a credit for “engines that automatically turn off when vehicles come to a complete stop and restart when drivers take their feet off the brake pedal” with the START buttons that are now universal.

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United Farm Workers @ufw.bsky.social · 17/08/2026

It’s 8am and already 97° in Bakersfield CA at the grape vineyard where these workers are laboring. "Dante" shares, "Harvesting and packing grapes is difficult in the current heat. Plus, we start earlier than usual, which is hard as many of us commute from a distance." #WeFeedYou

A grape packing station at the side of a grape vineyard where workers are harvesting

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Boo!-per Lund @cooperlund.online · 16/08/2026

This is a great example of why Jeffries is not the man for the moment, and a bad choice to be Speaker. Instead of hitting the unity notes that Dems are doing well in Michigan and Wisconsin, he’s obsessing about local NYC politics because he’s afraid of losing power and it’s hurting Dems nationally.

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Aaron Rupar @atrupar.com · 12/08/2026

Prediction markets are not predictive and should not be covered as news

Kalshi Politics

@KalshiPolitics
TODAY: WISCONSIN DEMOCRATIC GOVERNOR NOMINEE ODDS:

🟦 Francesca Hong: 95%
🟦 David Crowley: 5%

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Aaron Rupar @atrupar.com · 11/08/2026

So Trump and the White House lied about which plane Trump was on flying out of Turkey, setting up journalists who thought they were on the same plane as the president to possibly be the target of an Iranian attack while he secretly departed on a different one. Words fail.

wapo.st

Contradicting public statements, Trump took secret flight from Turkey amid Iranian threat

The White House said the president was aboard Air Force One as he left a NATO summit. Instead, his departure included an elaborate ruse that concealed his travel.

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Aaron Rupar @atrupar.com · 10/08/2026

Pete Hegseth wipes his nose, then runs his hand through his hair

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God @thegodshow.com · 09/08/2026

Can I get an amen?

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Adam Cohen (My Personal Views Only) @axidentaliberal.bsky.social · 09/08/2026

If an Attorney General must be confirmed in the middle of the night, on a one party basis, by a single vote, after multiple delays and with defections from his own people, you know there’s probably something very wrong with that nominee And there is something VERY WRONG with Todd Blanche

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United Farm Workers @ufw.bsky.social · 07/08/2026

"Efren" works as an irrigator in the hops in the Wapato WA area. The air quality (AQI) in this area is 182 which is categorized as unhealthy. He tells us that he brings his inhaler with him and has to use it multiple times. #WeFeedYou

A farm worker in a hat and plaid shirt holds an inhaler outdoors in a hop farm. A weather alert an unhealthy air quality index of 182 in Wapato WA.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 05/08/2026

The United States Treasury: An ATM for the Rich and Powerful

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Josh Marshall @joshtpm.bsky.social · 05/08/2026

this should go over well i the general

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Dom Ervolina @dominicervolina.com · 30/07/2026

Deputy Chief of Staff Dan Scavino posted this video of the Oval Office and it somehow looks even more embarrassing than I realized

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Allison Gill @muellershewrote.com · 30/07/2026

There's no reason a politician should have a better healthcare plan than any of their constituents regardless of military service. I say this as a Veteran.

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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 29/07/2026

Harvey Levin calls the attacks on Dr. Anthony Fauci "one of the most heartbreaking things" he’s witnessed in government, comparing the push to jail him to the fear and persecution of the McCarthy era. Edited for format.

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United Farm Workers @ufw.bsky.social · 29/07/2026

WA UFW members are concerned about non-union farm workers due to the dangers of heat and fires in WA. So yesterday they spread out & distributed N95 masks. "Our families depend on us. If something happens to a farm worker, there's no one else to care for our families." #WeFeedYou

Farm workers giving out n95 masks in the field

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Nathan Daniel Hernandez @natedhernandez.bsky.social · 29/07/2026

Gotta shut down the factory that makes this kinda guy

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United Farm Workers @ufw.bsky.social · 29/07/2026

It was 102° in Coachella CA when "Martin" sent us this photo from where he is working in the date palms. "I dress in white to stay cooler in this heat. I need to wear a hat and long sleeves and gloves to protect myself from the sun, thorns and other elements." #WeFeedYou

A worker standing in front of date palms wearing white clothes as it is extremely hot in Coachella

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Rick McKee @rmckee.bsky.social · 29/07/2026

I drew this August 23, 2022, and it’s coming to pass.

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Angry @angrystaffer.bsky.social · 17/07/2026

The most important thing to remember about Trump’s press conference last night is that the war in Iran is still out of control, gas prices are still through the roof, and the administration is still hiding the Epstein files from the American people.

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Jen Bendery @jbendery.bsky.social · 18/06/2026

A coupla people passing by ripped off little pieces to keep for posterity 😂

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MeidasTouch @meidastouch.com · 18/06/2026

Aerial view of the green Reflecting Pool today. REUTERS/Annabelle Gordon

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MeidasTouch @meidastouch.com · 09/06/2026

Trump takes a long blink during the NBA Finals

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Christopher Webb @cwebbonline.com · 08/06/2026

Last night they tested the UFC stage lighting at the White House. Check it out. The People’s House is looking more like a Six Flags amusement park after dark. It’s embarrassing.

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Heather Cox Richardson (TDPR) @hcrichardson.bsky.social · 06/06/2026

What could the U.S. do with the nearly $70 billion Senate Republicans just voted to give to ICE and Border Patrol (in addition to the $140 billion from last year): www.warnock.senate.gov/newsroom/pre...

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Steven Leandres @sleandres.bsky.social · 07/06/2026

a literal shit show

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conifergirl.bsky.social @conifergirl.bsky.social · 04/06/2026

My comment: We all owe Heather Cox Richardson a tremendous debt of gratitude for her tireless effort to document these chaotic times in which we live. She is truly a national treasure! I have no doubt her efforts will go down in the history books!

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Rep. Mike Levin @levin.house.gov · 30/05/2026

There is no world in which this is okay. Supreme Court Justice Samuel Alito did not recuse himself from cases involving Trump’s Treasury Department while his own son was secretly working there as a political appointee and attorney. 🧵

notus.org

Samuel Alito’s Son Has Been Quietly Working for Trump’s Treasury Department

Philip Alito has been working as an attorney with the Treasury’s office of the general counsel for months even as the Supreme Court takes up cases involving the department.

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Angry @angrystaffer.bsky.social · 31/05/2026

“Everything costs more and that’s a good thing” is a CRAZY economic message from the White House

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heresiarch @heresiarch.bsky.social · 28/05/2026

“Just remember the three Ps.” “The three Ps?” “Paxton Pardoned a Pedophile.”

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Ed Zitron @edzitron.com · 26/05/2026

Uber’s COO has said that it’s getting “harder to justify” its AI costs because there was no way to show a link between AI spend and any meaningful increase in useful features. This is the first time I’ve seen a company say this directly. www.businessinsider.com/uber-coo-and...

"That link is not there yet, right?" he said. think maybe implicitly there is more that is getting shipped, but it's very hard to draw a line between one of those stats and, 'Okay, now we're actually producing 25% more useful consumer features."
He said that the trade-off costs from Al are harder to justify because he can't draw a direct link. Earlier this month, CEO Dara Khosrowshahi said in an earnings call that Uber was slowing hiring to counter its investments in AI.

The comment led to what he described as a
"head-exploding moment," sparking discussions about AI token consumption within the company and the trade-offs it creates, such as on head count.
He said that, based on talks with Uber's senior engineering leaders, he realized higher token usage did not translate into a proportional increase in useful consumer features.

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