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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Hot Squirrel Summer @fbird55.bsky.social · 09/10/2026

Listening to Half on a Sack while I drink my morning protein and take my calcium pill… This is elder Millenial middle age.

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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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Sam @samd.bsky.social · 30/09/2026

should be instructive for democrats that Magyar is living up to his promise to prosecute Orban officials for corruption and is continuing to poll extremely highly

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Hot Squirrel Summer @fbird55.bsky.social · 19/09/2026

Vote @ginafortexas.bsky.social The lives of children quite seriously depend on it.

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Kyle Griffin @kylegriffin1.bsky.social · 17/09/2026

GENEVA (AP) — UN-backed human rights experts find 'reasonable grounds' to believe US committed war crimes in 2 deadly strikes on Iran.

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Hot Squirrel Summer @fbird55.bsky.social · 15/09/2026

I’ve seen enough. Ms. Rachel 2028

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Kevin M. Kruse @kevinmkruse.bsky.social · 11/09/2026

Dear Democrats, You will never be able to triangulate your way through racism/sexism/transphobia, because pushing a lighter, politer form of bigotry is always a lose-lose proposition. The bigots want the uncut stuff, while normal people aren't drawn to cowards who sell out. Stand your ground.

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Shiv Ramdas Mens Rice Activist @nameshiv.bsky.social · 19/06/2025

"Was it really this dumb in 2003" guys they renamed french fries

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Ro Khanna @rokhanna.bsky.social · 01/09/2026

Rumors are circulating that Republicans are pressuring Speaker Mike Johnson to adjourn Congress before the midterms. Why? They do not want to vote on stopping the war in Iran, allowing prosecutions against the Epstein class, or banning federal funding of Flock cameras.

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Jay Kirell @jasonkirell.bsky.social · 30/08/2026

Kurt Schlicter once told a disabled veteran to off himself. I know because I was that veteran.

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Hot Squirrel Summer @fbird55.bsky.social · 30/08/2026

I’m convinced Conservatism is almost entirely sex (and sexual repression) based. I’m 100% convinced that most anti-trans men have simply trolled Pornhub, cranking it to a hot chick before the camera panned down and they saw a peen and hate themselves for it instead of just moving on like a normie.

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JP @jpbrammer.bsky.social · 30/08/2026

sometimes you just have to be like "no, not really"

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Andrew Tobolowsky @andytobo.bsky.social · 30/08/2026

Another imbalance that's really reflected in the Hasan Piker freakout in that it is objectively worse to be endorsed by Donald Trump, the president of the United States, and Elon Musk, a completely out white supremacist

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Leah McElrath @leahmcelrath.bsky.social · 29/08/2026

This did not work out well.

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Asher HELLbein @asherelbein.bsky.social · 25/08/2026

As with American culture, Dolly sought to represent the best of what southern culture can be, in defiance of the no-good peckerwood assholes who try to define it at its worst

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Nicholas Slayton @nslayton.bsky.social · 21/08/2026

Lara Korte, who was just fired from Stars & Stripes, has been covering the relocation of personnel from Bahrain for months and did a great piece today on 1,300 Navy family members displaced from Bahrain who are stuck in limbo given the damage to the Bahrain base. www.stripes.com/branches/nav...

stripes.com

Navy families evacuated from Bahrain face ‘uncharted territory’ amid bureaucratic confusion

The evacuation has left families in limbo and forced military officials to improvise solutions for support programs.

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Schooley @schooley.bsky.social · 21/08/2026

If the ballroom gets built, the next President should just start knocking down the Supreme Court building one day. Throw up some cubicles in the ballroom and tell them they can work out of there until a new one is built.

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Denny Carter @dennycarter.bsky.social · 20/08/2026

Seems like every story I read about DSA candidates overanalyzes the whole DSA vs. mainline Dem dynamic when it really comes down to “knocking on doors and asking other humans what they want from their representatives.”

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Hot Squirrel Summer @fbird55.bsky.social · 09/08/2026

Another bartender at the place I worked in college thought Bodies by Drowning Pool was saying “Let the bicycle go” and now it’s the only way I can hear it.

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Aaron Rupar @atrupar.com · 05/08/2026

El-Sayed: "My commitment to Jewish safety is the same commitment that I have to the safety of my own daughters. Because if there is one question of political philosophy that ought to animate us all, it's what would we do if we treated all our kids like they were all of our kids?"

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Denny Carter @dennycarter.bsky.social · 25/07/2026

Ross Perot won a presidential election for Bill Clinton 34 years ago and James Carville is still taking credit for it

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Mayor Zohran Kwame Mamdani @mayor.nyc.gov · 22/07/2026

Benjamin Netanyahu is a war criminal.

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Adam Gurri @adamgurri.liberalcurrents.com · 17/07/2026

I just listened to a panel with David French and someone from the Brennan Center vociferously argue against expanding the Court. French said it would lead to “the dissolution of the republic.” About a third of the audience applauded. We need to get a policy culture that’s willing to do what it takes

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Julian Sanchez @normative.bsky.social · 03/07/2026

People who spiral out overusing LLM chatbots are really just experiencing the kind of brain-damaging stream of unconditional validation that’s always been the norm for the hyper-wealthy, which explains a lot.

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Ned Resnikoff @resnikoff.bsky.social · 30/06/2026

The Birthright citizenship ruling should be a wake up call to any Dem who is still on the fence about court reform. We are essentially one seat change away from the Court undoing Reconstruction by fiat.

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jamelle @jamellebouie.net · 29/06/2026

need to start thinking now about a full package of judicial reforms: new justices, new circuits, new district courts, ethics reforms, docket reforms, and transparency reforms.

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Andrew Lawrence @ndrew.bsky.social · 27/06/2026

theyre not “predictors” theyre gamblers, hes trying to get 18-34 year olds addicted to gambling

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Hot Squirrel Summer @fbird55.bsky.social · 21/06/2026

If it weren’t for the global economic catastrophe and near constant loss of life and property, it would honestly be pretty funny that the Republican Party is gonna walk us ass backwards into the Electric Vehicle revolution.

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Hot Squirrel Summer @fbird55.bsky.social · 18/06/2026

I’d love to see polling on the percentage of Americans that wish the Clintons would disappear, never to be seen or heard from again. That and legalizing weed might be the only two things we can get bipartisan agreement on.

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Hot Squirrel Summer @fbird55.bsky.social · 18/06/2026

The Dem party should’ve excommunicated the Clintons and their many acolytes in congress a long time ago. Time to clean house.

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laura olin @lauraolin.bsky.social · 14/06/2026

Everyone who is scared of cities and multiculturalism is a loser.

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elliepnw.bsky.social @elliepnw.bsky.social · 14/06/2026

Seattle elects a socialist mayor, wins the Super Bowl NYC elects a socialist mayor, wins the NBA finals Win your city a major sports title with this one neat trick

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The Fig Economy @figgityfigs.bsky.social · 14/06/2026

Once more, the point of having military guards in full dress at the White House Nitro Circus sponsored by Black Rifle Coffee Company isn’t that this all presents a coherent vision of America. It’s a show of dominance, of publicly degrading our symbols and institutions to proclaim that they own them.

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Kevin M. Kruse @kevinmkruse.bsky.social · 11/06/2026

"In Berlin they're standing up because their leaders have let them down. They're trying to take their country back. They want to label them as racist. All they want to be is German, and they'll smash a lot of Jewish store windows if that's what it takes. They want Germany back."

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Hot Squirrel Summer @fbird55.bsky.social · 10/06/2026

Hmmm…. Trying to remember how stealing Iran’s oil went for the Brits in the 50’s 🧐 But yeah, sure… the war’s almost over 🙄

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Kevin M. Kruse @kevinmkruse.bsky.social · 26/05/2026

People on here will post anything. "Rahm Emanuel is a plausible nominee for president." No he isn’t. That isn’t true.

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G Elliott Morris @gelliottmorris.com · 21/05/2026

It is not surprising that voters THINK the Democratic Party needs to move to the center to win the next election — press repeats this ad nauseam, of course they think that — but that is separate from the question of whether doing so would actually *cause* it to have a higher likelihood of winning

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Hot Squirrel Summer @fbird55.bsky.social · 21/05/2026

Introduce yourself with 10 bands/musicians you’ve seen live. Jason Isbell Toadies Lil Keke Pantera Willie Nelson Devin the Dude Big Pokey Drive-by Truckers Linkin Park Ozzy I’m all over the place.

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Judd Legum @juddlegum.bsky.social · 20/05/2026

1. Number of stories about Trump buying and selling hundreds of millions of dollars in stocks in the first three months of 2026: CBS: 0 CNN: 0 Fox News: 0 NPR: 0 PBS: 0 Politico: 0 Semafor: 0 Business Insider: 0

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Dmitry Grozoubinski @explaintrade.com · 20/05/2026

I can't believe we turned "Laptop Worker" into a term of derision. We now have the tech and business models to allow millions of people to make a living in ways unthered to a farm plot, assembly line,, or cubicle. That's very cool! Do not project your weird yearning for the mines on to me.

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Oliver Willis @owillis.bsky.social · 15/05/2026

this is correct. ive seen clinton, obama, and biden along with other failed dem presidential candidates all talking about the deficit like theyre fucking reaganites. the dem stance should be "big things need big government, the same government that landed on the moon and won world war 2."

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Dan "Mr. Bones and Me" Greene @dmgreene.bsky.social · 13/05/2026

I saw these headlines and thought "oh well some jerk wrote a form letter to a kid's letter that's dumb" but no it appears that one of the worst people in Congress took time out of her day to talk shit to a 10 y/o and tell him he should be more worried about debt and school propaganda than climate

nypost.com

Boy, 10, sent persuasive essay about electric cars to congresswoman — who responded with a scathing letter ripping his teacher

“While I will never be able to know you, my guess is that your teachers will not give you a good educational experience and help you learn to think as they are too interested in indoctrinatin…

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Hot Squirrel Summer @fbird55.bsky.social · 13/05/2026

“If we let people see how awesome Chinese electric cars are now, nobody will ever buy out shitwagons again.”

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