iiinova — where your digital self keeps evolving

Reposted by Gär Force One

Jake Grumbach @jakemgrumbach.bsky.social · 21h

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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Gär Force One @garyruschman.bsky.social · 9h

Make a band/artist meaty: Poco de Chão

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Gär Force One @garyruschman.bsky.social · 09/10/2026

you are SO on a roll with these bangers

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Gär Force One @garyruschman.bsky.social · 09/10/2026

I think I may have escaped any fatigue this time! Treated myself to a movie and have experienced no ill effects.

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Gär Force One @garyruschman.bsky.social · 08/10/2026

I’m hoping my two-fer today doesn’t affect guitar playing tomorrow night

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Gär Force One @garyruschman.bsky.social · 08/10/2026

I’d research the potential shipping costs first, so you know hire much to build into prices

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Reposted by Gär Force One

Ambassador Ken Fairfax (ret) @portlandken.bsky.social · 19/09/2026

The accounting is in: In Oregon there are 111 data centers. The TOTAL number of people employed at data centers is just 2,630, or 0.1% of the labor force. Those 100 data centers consumer 23% of all electricity used in Oregon. Meanwhile, electricity rates skyrocket as more centers are built.

opb.org

Oregon data centers by the numbers: 111 facilities consume nearly one-quarter of state’s power, according to new report

A first-of-its-kind report details the footprint of the controversial facilities.

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Reposted by Gär Force One

Bob ArdKor @bob.ardkor.com · 07/10/2026

At long last, we have created the Space Corridor from classic sci-fi novel Don't Create The Space Corridor.

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Gär Force One @garyruschman.bsky.social · 07/10/2026

All I’m gonna say about Bruckner is that Linz is a nice town, the concert hall named for him is nice, it’s nice that more human beings sing a Bruckner tune without knowing it than any other tune I can think of (Jack White lifted 7 Nation Army from his fifth symphony)

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Gär Force One @garyruschman.bsky.social · 07/10/2026

Americuns is so stupid, even when they are doing the right thing

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Reposted by Gär Force One

Better Things Are Possible @internethippo.bsky.social · 04/10/2026

Yes, computers do everything at our company but don't worry, there's always a human reviewer. Nothing goes out the door without one of our highly trained shruggers briefly glancing at it and clicking Approve

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Gär Force One @garyruschman.bsky.social · 04/10/2026

What is the knockoff site? My9 apparently doesn’t believe opera is music

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Gär Force One @garyruschman.bsky.social · 03/10/2026

Deliberate tanking of the office so there’s no recourse

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Gär Force One @garyruschman.bsky.social · 02/10/2026

I'm hoping we'll get to do a photoshoot there, but my friend is writing us a musical set in the Witch's Hat that goes up in February!

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Reposted by Gär Force One

Ryan CrawCour @ryan.crawcour.social · 01/10/2026

BREAKING NEWS: Tensions between Thor and the Care Bears have escalated rapidly overnight.

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Gär Force One @garyruschman.bsky.social · 01/10/2026

I read this as Howard Jones and the Temple of Hoover

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Gär Force One @garyruschman.bsky.social · 01/10/2026

Dunno. Could have strong repercussions on colonoscopy week

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Gär Force One @garyruschman.bsky.social · 30/09/2026

What's a poster you had in your room growing up

Aliens poster (Sigourney Weaver's Ripley carries a big gun and a little girl)

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Gär Force One @garyruschman.bsky.social · 29/09/2026

Well, the good news is that there are so few extant gifs of the reference I’m trying for that I either have to make it myself, or have cooled off to the point where I lose interest.

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Gär Force One @garyruschman.bsky.social · 27/09/2026

Someone tell Robert Downey Jr's lawyers that they are using his likeness.

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Gär Force One @garyruschman.bsky.social · 27/09/2026

I think we oughtn't try to boil it down to only one, but if I had to, I'd say much the same as the other two: the lust for power wreaks havoc on society--heroes need to stand against our worst tendencies.

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Gär Force One @garyruschman.bsky.social · 26/09/2026

Counterpoint: a lot of folks know that headlines are written by editors--and suspect in general--let's up the number of Headline Bypassers and we might get somewhere.

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Gär Force One @garyruschman.bsky.social · 23/09/2026

[attends 40th (!) Anniversary Transformers: the Movie screening]

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Gär Force One @garyruschman.bsky.social · 21/09/2026

Maybe They Might Be Giants will take you for a spin in the Boat of Car.

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Gär Force One @garyruschman.bsky.social · 20/09/2026

Well, I have to say that Cleveland indeed rocks!

The members of Rush perform in Cleveland, OH.

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