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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Tony @antonyillahiwarren.bsky.social · 18h

I wonder if Israel will ban Miriam Margolyes?

Picture of Miriam Margolyes, Jewish actor and activist.
Quote underneath reads:
"I went to Israel and saw how Palestinians are treated, and it opened my eyes.
If people can treat people like that, they are shits!"

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M Meerkat @kackbro.bsky.social · 12h

Life In Trumplandia.......

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Oliver @oliver48.bsky.social · 15h

What amazing biased illogic that the only party which did better in the by-election is the one all the mass media are saying failed and it's leader should resign ... meme via Dianne Drew

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Olga Lautman 🇺🇦 @olgalautman.bsky.social · 4h

This is so sick. So a Russian blood diesel vessel is on its way to NC set to arrive tomorrow. It left St Petersburg on Sept 22nd. This Trump-Putin plan has been in the works for weeks can’t picture what allies America will have left after this

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Oliver @oliver48.bsky.social · 09/10/2026

'The most telling thing about the backlash against the Greens’ “Zionism is racism” motion is the refusal of the media to platform Palestinians. We’ve had wall-to-wall coverage centring the feelings of Zionists, but we’ve heard almost nothing from their victims.' www.facebook.com/CouncilEstat...

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Prem Sikka @premnsikka.bsky.social · 18h

NHS faces exodus of ADHD and autism services staff to private clinics. Low wages have caused brain drain, loss of skilled staff. Part of privatisation of the NHS by stealth. Private sector picks up NHS contracts, profiteers, higher cost to public purse, increases NHS queues.

theguardian.com

NHS faces exodus of ADHD and autism services staff to private clinics

Brain drain of psychologists, psychiatrists and nurses leaves NHS ‘weaker’, driving patients to seek care elsewhere

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Jennifer Shin - WTAF @jennifershin.bsky.social · 14h

The epitome of greed is to have more money than you could ever spend in 100 lifetimes and still refuse to pay your employees a livable wage.

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Luca @lucagalletti.bsky.social · 13h

"Grandfather knot clock” by Australian woodworker George Andrew, who handcrafted this piece using Radiata pine and plywood, shaping the dramatic curves using a bandsaw, an angle grinder, and lots of hand sanding. www.woodreview.com.au/photocompent...

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Bold Politics @boldpolitics.bsky.social · 09/10/2026

This man has achieved more in a year outside of parliament than a lot of politicians do in a lifetime. He's rightly taking this moment to thank everyone that tirelessly supported the campaign, but let's put some respect on his name too: big up, Zacky P! We're proud of you x

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Kodiak149 @kodiak149.bsky.social · 07/10/2026

Just a reminder

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Peter Vlahos 🇬🇧🇬🇷🇪🇺🇨🇦 @mrsohalvretep.bsky.social · 07/10/2026

youtube.com/shorts/8F3Zr... Andy Burnham has made a fantastic short video on his proposals to the triple lock to fund a National Care Service. Please share far and wide. The media must not win.

youtube.com

Andy Burnham explains how his changes to the triple lock will impact pensions and why

YouTube video by Andy Burnham

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Prem Sikka @premnsikka.bsky.social · 09/10/2026

Shell’s refineries expected to make record profits. Profit margins of $42 a barrel, up from $24 a barrel. Cashing in on global conflicts. Bumper payouts for execs and shareholders. Misery for households and businesses. Millions plunged into poverty. Must levy 100% windfall tax.

theguardian.com

Shell expects refineries to almost double the profit from every barrel of fuel made

Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia

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Prem Sikka @premnsikka.bsky.social · 07/10/2026

UK govt plans £1bn energy bills help for poorer households. How about cutting energy profit margins, 100% windfall tax on excess profits before turning to the public purse. UK energy sector is mostly foreign-owned. Dividends paid without any UK tax deduction. End this perk, raise billions.

theguardian.com

Chancellor plans major intervention to help poorer UK households with rising energy bills

Exclusive: Officials working on further radical changes that would change how much energy companies could charge customers

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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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Anti-Reform @antireform.bsky.social · 05/10/2026

"Do not Trust Reform They will stop all our Benefits" via Mark Holyer

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Wolf Conservation Center 🐺 @nywolforg.bsky.social · 05/10/2026

📣Last day to speak up for America’s Roadless Areas and the wildlife that depends on them. Nearly 45 million acres of America’s forests could soon be opened to road construction and logging putting intact landscapes and critical wildlife habitat at risk. Take action now: ow.ly/yWkU50ZUHNR

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Prem Sikka @premnsikka.bsky.social · 05/10/2026

NHS England waiting list hits 7.33m appointments for 6.21m individuals, rises for the third time in 4 months. Privatisation by stealth. NHS capacity neglected. Thousands suffer. Private sector profiteers. www.oecd.org/en/publicati... Hospital beds per 1,000 population, Comparison 2013 and 2023.

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The Tennessee Holler @thetnholler.bsky.social · 05/10/2026

Why is 🇺🇸 media not reporting on this 128 day Albanian protest of Kushner and Ivanka’s insane corruption?

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Oliver @oliver48.bsky.social · 05/10/2026

via The UK Against Hate

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HOPE not hate @hopenothate.org.uk · 04/10/2026

Ninety years ago today, Oswald Mosley tried to march his Blackshirts through the Jewish East End. 🧵 He had thousands of uniformed fascists behind him and 6,000 police clearing the way. But the people of the East End got there first.

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Wulfhelm @wulfhelm.bsky.social · 04/10/2026

Everything that's wrong with our nation. Everything that's broken. Everything that's corrupted. Started with her.

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Anti-Reform @antireform.bsky.social · 03/10/2026

The more blatantly full of hate racist Reform UK become the greater the backlash of generosity from the majority of decent Brits meme via The Unheard Majority

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Parody Nigel Farage @parodypm.bsky.social · 03/10/2026

"Dear Diary, There were six by-elections in England and Scotland this week and Reform lost all of them. Two of them were seats we previously held. The problem with running councils is that people can see how useless we are."

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Prem Sikka @premnsikka.bsky.social · 01/10/2026

US forces to leave Iraq despite fears Iran will exploit withdrawal. All over the world illegal US wars have killed millions, fermented instability, bitterness and possibilities of extremist regimes. Corporations profited. When will US and its allies realise that they can't rule the world?

news.sky.com

US forces to leave last bases in Iraq despite fears Iran will exploit withdrawal

Iraqi security experts have warned the departure could give Tehran and its allies free rein while also risking a comeback from ISIS.

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Peter Stefanovic @peterstefanovic.bsky.social · 02/10/2026

Your weekend reminder that Nigel Farage wants to - leave the ECHR - repeal the Equality Act - Strip back workers rights - Lift restrictions on exploitative zero-hours contracts - repeal the Renters’ Rights Act which abolishes no fault evictions He is not on your side youtu.be/KxOQRt8PQys?...

youtu.be

If UK media actually explained Nigel Farage’s policies to the public no one would be supporting him

YouTube video by Peter Stefanovic

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Biggie @biggienotsmalls.bsky.social · 01/10/2026

🎯🎯🎯

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The Mouthy Renegade Writer @mouthyrenegade.bsky.social · 01/10/2026

Good, lock that little shit-weasel up!

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Oliver @oliver48.bsky.social · 02/10/2026

via Campbell Finnie

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Nancy Levine Stearns @nancylevinestearns.bsky.social · 30/09/2026

THE BABIES LEFT BEHIND IN AMERICA The United States is deporting parents without their children, creating a whole new family-separation crisis. www.theatlantic.com/magazine/202...

theatlantic.com

The Babies Left Behind in America

The United States is deporting parents without their children, creating a whole new family-separation crisis.

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Common Dreams @commondreams.org · 01/10/2026

"This despicable effort to legalize most killings of endangered wildlife would essentially mean open season on species already on the brink of annihilation," a Center for Biological Diversity campaigner said of Trump's attacks on the Endangered Species Act.

commondreams.org

Conservation Groups Ramp Up Fight Against 'Despicable' Trump Assault on Endangered Species

Conservation groups updated their legal challenge to the Trump administration's recent harmful changes to the Endangered Species Act.

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Owen Jones @owenjones.bsky.social · 30/09/2026

She's a 94 year old Jewish human rights lawyer. She's been arrested under terrorism legislation for opposing genocide. The least we can do is to listen.

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Adam Bienkov @adambienkov.bsky.social · 30/09/2026

Kemi Badenoch condemned Reform's ban on critical journalists covering their conference as "authoritarian", saying her own party would never do the same as "we believe in free speech. We believe in a free press." Now the Conservatives have banned Byline Times from their conference

bylinetimes.com

Kemi Badenoch's Conservatives Ban Byline Times From Conference After Condemning Reform for Journalist Ban

The ban comes just weeks after the Conservative leader called Reform's barring of critical journalists from their conference an "authoritarian" attack on the free press

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Patriotic Millionaires UK @patmillsuk.bsky.social · 29/09/2026

Our response to Andy Burnham's Labour Party Conference speech 💬 #TaxTheSuperRich

We welcome the Prime Minister's vision to bring hope back to our country and communities.
And we repeat our longstanding message: we're ready to play our part by paying our fair share, so Britain gets the investment it needs to make that vision a reality.
This country helped to build our success. So millionaires like us must be taxed more. It's our turn to step up first and help build a better future for everyone.

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