iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 4h

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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The Serfs (youtube.com/theserfstv) @theserfstv.bsky.social · 08/10/2026

Urbagestión is the private equity firm who bought up the property and terrorized the final years of her life

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Gianmarco Soresi @gianmarcosoresi.bsky.social · 08/10/2026

Man who won’t give his employees piss breaks claims many piss breaks on the horizon

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fesshole 🧻 @fesshole.bsky.social · 03/10/2026

I used to enjoy going to Gail's bakery. But someone described Gail's as 'Gregg's for Tories', and I've not been since.

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The Old Spotted Dog Ground @oldspotteddog.bsky.social · 03/10/2026

We were shockingly and unceremoniously disconnected from mains power on Tuesday 😮 A huge thankyou to everyone who pulled together to get this game powered so we could welcome 1,117 fans to watch our second league win of the season. 🤝 #ForzaClapton

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Carole Cadwalladr @carolecadwalla.bsky.social · 30/09/2026

It’s pretty nuts. Tom Watson’s very first intervention in his new job at spytech firm Palantir is to write a letter to his former colleague @labourlewis.bsky.social detailing all the times the firm has monitored his anti-Palantir activities

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Marisa Kabas @marisakabas.bsky.social · 28/09/2026

the horrific cornell gang rape case has me thinking about emma sulkowicz who alleged she was raped as a student at columbia in 2014 and never got any justice. it has me thinking about the physical and mental weight young women are forced to carry while their safety is subsumed by male potential.

Emma Sulkowicz carrying around a mattress on the Columbia campus in 2014 to raise awareness of her alleged rape and the university's inaction.

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Zack Polanski @zackpolanski.bsky.social · 28/09/2026

This Labour government could have responded to the genocide in Gaza in so many ways, instead they cut aid. This is a dereliction of duty.

Stuff of nightmares UK cuts aid to Un Gaza food operations by 78%

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Mark Chadbourn @chadbourn.bsky.social · 28/09/2026

US social media companies are interfering in the Brazilian elections in favour of the Far Right’s Flávio Bolsonaro. Meta is the latest. It’s just blocked the campaign account of President Lula in the final stretch of the election.

elespectador.com

Meta restringe la cuenta de Lula y su partido alerta por posible injerencia extranjera

De cara a las elecciones en Brasil, Lula enfrenta a Meta por restringir su cuenta mientras su partido alerta por posible injerencia extranjera.

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Simon Evans @drsimevans.carbonbrief.org · 28/09/2026

EVs are now up to 9x cheaper to drive than diesels in UK www.carbonbrief.org/analysis-evs...

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Robin Moira White @robinmoirawhite.bsky.social · 27/09/2026

The Labour Party’s women’s conference on 26/9/26 was an embarrassing farce, with only 200 delegates of the 1,000 normal attendance (no major unions) in protest of the Labour Party’s shameful abandonment of trans people following the legally absurd ruling of the Supreme Court in FWS in April 2025.

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Bart⚓️ @bartgonnissen.bsky.social · 23/09/2026

The Facial Expressions of Tethys by artist Julius von Bismarck. A suspended high-sea buoy that moves in real time. Sensors on a twin buoy out in the Atlantic Ocean send live satellite data to motors inside the museum. This makes the indoor buoy copy the exact, real-time movements of the ocean waves.

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Peter Geoghegan @petergeoghegan.bsky.social · 19/09/2026

🔴 Something Tom Watson won't tell you: Five police forces in the East Midlands working with Palantir on a controversial surveillance programme are ending their involvement Exclusive by Democracy for Sale and Liberty Investigates. democracyforsale.substack.com/p/revealed-f...

democracyforsale.substack.com

Revealed: Five police forces to drop Palantir surveillance tool

Exclusive: Palantir's UK policing ambitions take a hit as East Midlands forces end their involvement in a controversial data pilot.

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Una Mullally @unamullally.bsky.social · 15/09/2026

The Irish musicians, Beoga, who play alongside Ed Sheeran, have withdrawn from Sheeran’s tour. This is the statement they published on Instagram:

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Ricardo Autobahn @ricardoautobahn.co.uk · 12/09/2026

Good lord exactly what everybody said would happen happened

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Alistair Davidson @moh-kohn.eurosky.social · 11/09/2026

www.reddit.com/r/LegalAdvic...

Brother in law is trans FtM and presents fully as a man. He’s now facing an impossible situation at work with his employer telling him that due to recent legislation he must use the toilet of his birth gender. BUT several female colleagues have raised a grievance about him using their gendered toilet.

His employer has told him that he cannot use the toilet while he is at work until they sort it out and cannot give him a timeframe to do so. They don’t have disabled separate toilets.

In the mean time one of his female colleagues has accused him of sexual harassment because he was used their gendered toilet. His menstrual cycle meant he needed to use the toilet.

He’s been with the employer for just over 5 years but only in this location for 18 months. The location is mainly male with just a handful of females, and his workshop only has male toilets.

I do not know how to support him and as he’s not in a union there is no one to turn too right now.

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Mark Chadbourn @chadbourn.bsky.social · 10/09/2026

London Mayor Sadiq Khan : “London's homicide rate hit its lowest level since records began. Yet 40% of the public thought that murders had risen since 2019. 1/

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Ketan Joshi @ketanjoshi.co · 11/09/2026

Just trying a new marketing trick

a picture of a wind farm that says

WIND POWER

Crossed out: It generates clean energy, lowers your power bills and gives back to your community

instead (in larger not crossed out) There’s a 10% chance it will kill off the entire human species in just a few years!!

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Jane @localnotail.bsky.social · 09/09/2026

Daniel Thomas / Danny Tommo has today marched his private army of blackshorts to Daily Mail HQ to demand a new house for his mum within 48 hrs, after they doorstepped her for a feature on him. Apparently he plans to blockade them + cry at them until they do Bet those lads are glad of the balaclavas

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Mark Chadbourn @chadbourn.bsky.social · 09/09/2026

New YouGov: 62% of Britons believe the UK Government should invest more in nature restoration to address future extreme weather, while 74% believe the government is not preparing the country well for such events. 1/

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Charles Fourier @charlesfourier.bsky.social · 08/09/2026

Bill Bryson’s words seem appropriate to post right now

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Henry Mance @henrymance.ft.com · 08/09/2026

Sir Edward Leigh MP: “What is happening in the West Bank... is ethnic cleansing... I am proud to say, as the longest-serving member of the Conservative Friends of Israel, that I absolutely and fully support what [Ed Miliband] is doing today, because it’s about standing up for freedom and justice"

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Joe Cassidy @joecassidy.bsky.social · 08/09/2026

Grey skies and umbrellas. London we are so back ☔️

Picture of Parliament on a very grey and wet morning.

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Robert Llewellyn @bobbyllew.bsky.social · 07/09/2026

A total of 28,063 electric cars were newly registered in the UK in August. This represents an increase of 27.7 per cent compared with the same month last year and means that BEVs accounted for 29.8 per cent of all new passenger car registrations last month. (Courtessy of SMMT)

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Parody Nigel Farage @parodypm.bsky.social · 01/09/2026

In a now deleted tweet, Brain of Britain, Adam Brooks, criticises Andy Burnham's performance at PMQs, even though it doesn't take place until tomorrow.

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Joe Cassidy @joecassidy.bsky.social · 31/08/2026

The fossil fuel industry has known for decades this is what their business model would result in.

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Mark Chadbourn @chadbourn.bsky.social · 31/08/2026

The number of missing in Nepal has now risen to 4247. 903 confirmed deaths.

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Saul Staniforth @saulstaniforth.bsky.social · 31/08/2026

Thomas's sister explains that he's spent 14 years in prison for stealing a mobile phone, and he's still inside.

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The Serfs (youtube.com/theserfstv) @theserfstv.bsky.social · 30/08/2026

A child trafficking ring with 163 children duck taped in cages was just discovered in Florida. Three white Christian right wing men were holding them. Barely any media coverage because they're white. Radio silence from Libs of TikTok and Elon Musk

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Joe Cassidy @joecassidy.bsky.social · 28/08/2026

Today I learned New York (State) borders Canada 🤷‍♂️

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Chris Brooke @chrisbrooke.bsky.social · 26/08/2026

Dolly Parton, trade unionist.

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Alejandra Caraballo @esqueer.net · 22/08/2026

A man in Spokane attacked a trans man with a hatchet. The man smashed his windows and tore down pride flags in the front before attacking Alexander Wolfe. He said he did it to "save the kids." Wolfe was had to get 3 staples in his skull as a result. www.spokesman.com/stories/2026...

spokesman.com

'I just fought for my life on my front lawn': Transgender man attacked with hatchet at South Hill home

A 25-year-old Spokane man is facing a felony assault charge after police say he damaged a transgender man’s South Hill home and then attacked him with a hatchet, fracturing his skull.

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Joe Cassidy @joecassidy.bsky.social · 18/08/2026

In 2022, a Just Stop Oil activist went on Good Morning Britain and warned about imminent crop failures because of climate change. Richard Madeley dismissed her, calling her a hypocrite because her dress was manufactured using oil. www.theguardian.com/environment/...

theguardian.com

European farmers face ‘unprecedented crisis’ after successive heatwaves

Vegetable and grain growers call for urgent action, warning of ‘catastrophic’ harvests due to continent-wide drought

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Joe Cassidy @joecassidy.bsky.social · 17/08/2026

The BBC did claw back some goodwill with their “what has the bbc ever done for me?” campaign. It evaporates when you remember their News leadership backs Reform to the hilt.

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Sunder Katwala (sundersays) @sundersays.bsky.social · 15/08/2026

This is an inappropriate, credulous & politically biased BBC headline. The claims about savings will be sharply contested. News reports should not imclude what reads as an ediorial endorsememt in the headline www.bbc.co.uk/news/article...

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Nadine Batchelor-Hunt @nadinebh.bsky.social · 14/08/2026

Jason Arday resigned from Jesus and the education faculty and asked people to stop nine days ago in his resignation letter That should have been the end of it, but instead it became a blood sport for the press and monetised social media alike - the money was too good, the attention too valuable

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Joe Cassidy @joecassidy.bsky.social · 14/08/2026

That really killed the mood at my park BBQ 😢

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Joe Cassidy @joecassidy.bsky.social · 11/08/2026

Heatwave No. 5 🥵 The less popular follow-up to Mambo No. 5.

Screenshot of weather report for London this week showing the approaching fifth heatwave of the summer.

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Zack Labe @zacklabe.com · 07/08/2026

Carbon dioxide (CO₂) averaged about 429 ppm in July 2026 10 years ago July averaged about 405 ppm Data available at gml.noaa.gov/ccgg/trends/

Red line graph time series of monthly carbon dioxide abundance from January 1959 through July 2026. There is a seasonal cycle and long-term increasing trend. Current levels of CO2 are at 429 ppm. This is the Keeling Curve graph. A line for CO2 10 years ago is also annotated.

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Michael @michael-fox.bsky.social · 07/08/2026

I’m a bit alarmed by how little attention 3 days of racist violence seems to be getting. The UK has a real and growing problem with fascist street violence. What is the government going to do about it?

bbc.co.uk

Further arrests in Thetford as disorder continues for third night

The arrests follow disorder linked to anti-immigration protests in the Norfolk market town.

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Joe Cassidy @joecassidy.bsky.social · 30/07/2026

UEFA should suspend their membership of FIFA until Infantino resigns. Six of the World Cup quarter finalists leaving would tank FIFA's value to the shady financial forces Infantino is courting.

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