iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 6h

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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Eliot Higgins @eliothiggins.bsky.social · 4h

- Attacking the ICC - Palling around with Russia - Broadcasting executions

static.klipy.com

Are We The Baddies? Meme

ALT: Are We The Baddies? Meme

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GordonWright @gordonwright.bsky.social · 3h

Concerning, but not unexpected.

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lizziec.bsky.social @lizziec.bsky.social · 12h

The adhd thing is fascinating a case in point about twisting evidence. A few weeks ago Prof Fonagy was all over the media saying these problems were real etc. Probably trying to head off the inaccurate presentation. And the evidence says there is no actual evidence of significant overdiagnosis.

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Prem Sikka @premnsikka.bsky.social · 06/10/2026

Drax’s planned datacentre to burn 4.9m tonnes of wood to produce its electricity, nearly double the CO2 emissions of all flights from London Gatwick airport. Drax, a highly profitable company gets subsidies to burn wood and produce electricity How many lives will it ruin?

theguardian.com

Drax datacentre could create nearly twice the yearly emissions of all Gatwick flights

Exclusive: Campaign group’s analysis of North Yorkshire plans finds datacentre would have to burn 4.9m tonnes of wood a year

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BladeoftheSun @bladeofthes.bsky.social · 07/10/2026

Piers Morgan “Mohammed, do you condemn the Hamas attacks on October the 7th?” Mohammed Hijab “Yes, I do. Do you condemn Israel killing over 1000 kids?” Piers Morgan “I believe Israel has a right to defend themselves” That answer should be on the tombstone of his career.

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Alejandra Caraballo @esqueer.net · 05/10/2026

Policies banning trans people from bathrooms would not have stopped this. What he did was blatantly illegal already. He was arrested and charged. But somehow, Rowling wants to blame the actions of a cis man on trans people.

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GordonWright @gordonwright.bsky.social · 02/10/2026

Holy fuck... Rachel's giving an open platform and warm support to Lee Kearn.

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Frances Ryan @francesryan.bsky.social · 02/10/2026

Disability doesn’t care how old you are. Specialist food is no cheaper if you’re 19. Employers don’t lose their prejudice if you’re 21. This is blatant intergenerational inequality from Labour. Younger disabled people of all severities deserve better. www.theguardian.com/politics/202...

theguardian.com

Key disability benefit for young people may be axed under major welfare changes

Exclusive: Plan under discussion involves intensive support to help young people into employment

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GordonWright @gordonwright.bsky.social · 02/10/2026

Hilarious listening to Rachel Johnson trying to justify some sort of "2 tier" nonsense over a guy who built and let off a bomb in a public space. Just a bit of a laugh, wasn't it?

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GordonWright @gordonwright.bsky.social · 02/10/2026

Man builds a bomb and explodes it in a public location. Judge: That's a bad thing, you're going down. Gammon outrage.

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GordonWright @gordonwright.bsky.social · 27/09/2026

Maybe go check what the pre-eminent genocide scholars of today make of it?

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BladeoftheSun @bladeofthes.bsky.social · 27/09/2026

Google maps has finally updated its Satellite photos of Gaza and it shows the most complete destruction of a city ever. A Genocide.

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Robert Reich @rbreich.bsky.social · 26/09/2026

The amount of Amazon workers relying on SNAP and Medicaid has nearly tripled since 2020 — while Amazon’s annual profits soared by over 550%. It’s the same story everywhere: corporate profits are at record highs, while workers’ share of the economy is at a record low. We must unrig the system.

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Gemma Clark 🧿🕯️ @gemmaclark.bsky.social · 20/09/2026

🧵Great and heartbreaking article from @jamesmcenaney.bsky.social about Swinney dropping the Learning Disabilities Autism and Neurodivergence Bill. I have dyslexia and really need an autism assessment as i have even more of those traits. Every time I complete www.heraldscotland.com/news/2656211...

heraldscotland.com

'They asked for our trauma. Then they scrapped the Bill'

Learning-disabled, autistic, and neurodivergent people speak out over decision to abandon proposed legislation to protect their rights.

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Robert Reich @rbreich.bsky.social · 13/09/2026

The oil industry buys off Congress. No action on climate. The NRA buys off Congress. No action on guns. Insurance companies buy off Congress. No action on health care. Big Tech buys off Congress. No action on AI safety. The list goes on and on. Money in politics is the root of our dysfunction.

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Invanz @invanz.bsky.social · 30/08/2026

Did they die of concentration camps, or did they die with concentration camps?

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The London Economic @thelondoneconomic.bsky.social · 30/08/2026

Iceland finds itself as a major political talking point on Sunday, after the electorate voted against EU membership. It’s got a few right-wing figures feeling quite giddy… to the point where Nigel Farage may have accidentally said the quiet part out loud.

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Bauhausandmies 🏳️‍🌈🇳🇿 @bauhausandmies.bsky.social · 29/08/2026

One of the kids in my son’s football team never registered to play because his family couldn’t afford it, so he’s not getting a medal with his name on it at prize giving next week like alll the other kids. Except he bloody is getting that because we’ve sorted his registration and bullied the club.

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GordonWright @gordonwright.bsky.social · 28/08/2026

Nice. I'm about 60% through making my rowies.

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GordonWright @gordonwright.bsky.social · 25/08/2026

So Andrew Tate's defence is that he's not really good at the things he claims he's good at in order to grift off the vulnerably credulous? Quelle surprisé

Headline: Andrew Tate exaggerates and did not own supercars in photos, his lawyers say

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GordonWright @gordonwright.bsky.social · 25/08/2026

Dunno. Sounds like any of the last 6 UK Prime Ministers talking about Scotland.

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GordonWright @gordonwright.bsky.social · 24/08/2026

Bloody foreigners, coming over here, offering to carry my bags for me.

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GordonWright @gordonwright.bsky.social · 20/08/2026

Hah. My former local council website had a page to login to services. Nine different passwords for the same council. Oh and don't try using a password manager because they all reference the same front page 🤦‍♀️

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GordonWright @gordonwright.bsky.social · 19/08/2026

Ah but it "supports local business". Not the businesses local to your home, the ones local to the office.

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GordonWright @gordonwright.bsky.social · 18/08/2026

See also, "once we build enough (planet heating) AI data centres, they'll be able to solve climate change" 🤦‍♀️

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GordonWright @gordonwright.bsky.social · 18/08/2026

share.google/amkyMKKmu6rk... There would have been no "Human error" if it hadn't been for the initial "IT error". So groomed into believing that tech is infallible (despite the frequent failure of tech).

share.google

Sainsbury’s store pauses AI scanning after false shoplifting accusation

Supermarket chain says ‘human error’, not its Facewatch technology, to blame for ejecting a customer

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She Guevara @sheg7.bsky.social · 17/08/2026

World Pride newsletter seems to indicate that Londons bid to host World Pride in 2030 has been declined as the UK does not meet the requirements to host World Pride seeing as it is one of the worst places in the developed world to be a part of the community. Barcelona or Bangkok are the most likely.

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GordonWright @gordonwright.bsky.social · 17/08/2026

Donald does make El-Sayed sound CAF.

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GordonWright @gordonwright.bsky.social · 14/08/2026

Well, Nigel said he didn't go because it would be embarrassing and humiliating

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GordonWright @gordonwright.bsky.social · 11/08/2026

Surely this shadowy firm wasn't working at the behest of the Israeli Government?

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