iiinova — where your digital self keeps evolving

Reposted by Juan Tcho-Tchoa

Jake Grumbach @jakemgrumbach.bsky.social · 3h

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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Shane M. Bailey @shanembailey.com · 07/10/2026

Well, no more RA Salvatore for me.

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MC Squared @mcsquared.bsky.social · 06/10/2026

It’s time to pick a side

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John Scalzi @scalzi.com · 06/10/2026

We're all 38 on Bluesky, it's just that some of us are a pretty old 38

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Flaming Hydra @flaminghydra.com · 05/10/2026

TODAY: @zachrabiroff.com in conversation with the artist Dave McKean on the current and coming horrors of AI in art. "We’re entering a world of insanity. And I mean that quite literally. We’re not going to be able to discern what is real and what is not real." flaminghydra.com/issue-662/#a...

flaminghydra.com

Culture warrior

Dave McKean and Zach Rabiroff on the gathering storm in AI, art, and ethics

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 30/09/2026

You've got to pick up every stitch...

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 28/09/2026

Here's hoping musk completes his Howard Hughes speed run sooner rather than later.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 24/09/2026

Catching up on emails and work and I come across this in a newsletter from a past client. Please DM me. Lack of that sort of DMs is part of the reason my mind's been a mess lately.

"Juan Ochoa, who I met on Bluesky and only later realized was a certified badass in the Tabletop Roleplaying illustration world. He did work for one of my favorite TTRPGs, Monster of the Week. Had I known that, I probably would have been too scared to DM him."

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 23/09/2026

I'm back. I think I got a grip on things, keeping away from news and connected computers seriously helped. Also some very gestaltic ugly crying. Gotta turn in some work that's very late, and get back on the horse. Drew this at some point.

Doodle of a thumb shaped man with a puzzled expression talking into a mike in from of a neon sign that says "The Dunning-Kruger Experience"

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 12/09/2026

Gotta take my handsome little man to the vet this week, he's got a tooth problem :(

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 12/09/2026

I don´t like zero sum games, or systems that encourage zero sum results.

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Todd @thirdkingdom.bsky.social · 10/09/2026

In Search of Adventure is now live on Backerkit. It's a collection of five starter adventures for OSE and Bree-YARC, with cover art by @juanochoa.eurosky.social and adventures by @dgchapman.bsky.social @gonzohistory.bsky.social and others. Includes a starting town with plenty of plot hooks.

backerkit.com

In Search of Adventure

A collection of starter adventures for Old School Essentials and Bree-YARC

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 08/09/2026

Acá medio trasnochao dándole al marco teórico del Petro-Dengismo.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 04/09/2026

Out of the city, well fed, warm weather, still insomniac.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 04/09/2026

Should be relaxing yet I'm itching to go back home, even though it would not affect my stressors in any meaningful way. *Sigh*

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Ashura 🍂 @ashura.eurosky.social · 03/09/2026

La maldición de FATE es que funciona.

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The Hearth Magazine 🌈💜🖤🤍 @thehearthmag.bsky.social · 03/09/2026

This is an exciting development!

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 01/09/2026

Journalists in traditional media spaces not friendly to the new president are quitting or losing their shows. Trumpian script but met with even less resistance.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 30/08/2026

Insomnia. Wondering where esofash fuckers like David Myatt get their money from.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 29/08/2026

jfc i might get to see Ministry for free in October and I'll probably hurt my neck and I will regret nothing.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 28/08/2026

Once again reminded by life that the first three books I read as a child were a beautifully illustrated children's Odyssey, Verne's Twenty Thousand Leagues under the Sea, and Le Matin des Magiciens. Figures. *chuckle*

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Stan Oklobdzija @stano.bsky.social · 28/08/2026

Amazing to live in a country where the secret police are handling inter-chud beefs. It's like the Night of Long Knives playing out in the parking lot of a Dollar General.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 28/08/2026

Reeeeally need to get the $ to migrate to Proton ASAP.

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ABOOnchio👻 BOOlchetti👻 @vor-bokor.bsky.social · 27/08/2026

Hey comics people, friends & colleagues. As of today, our friend @artyomtopilin.bsky.social is under house arrest in his home town of Tolyatti due to ongoing FSB investigation. We don't have much details yet, but his computer and phone were taken by the police, so communication with him is hindered.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 28/08/2026

WTF IS COSTOCHONDRITIS AND WHY DID IT WAKE ME UP

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Double Fine @doublefine.com · 27/08/2026

To honor Tim Curry's memory, we are making Brütal Legend FREE on Itch.io, for 666 minutes: itch.io/s/199277/the...

itch.io

Brütal Legend | The Tainted Coil shall rule forever! by Double Fine Productions

A sale by Double Fine Productions, 100% off Brütal Legend

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Dr. Allison Betus (she/her) 🌈 @allisonbetus.bsky.social · 26/08/2026

The most masc form of meditation is standing under a waterfall The second most is caramelizing onions Discuss

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Allister Thompson @allistert.bsky.social · 26/08/2026

You ever notice that by calling it “affordable” housing, they are admitting all other housing is unaffordable?

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 25/08/2026

idk man I just think someone should be injecting rightwing conspiracy circles with "Air force plane to Moscow full of Fort Knox gold to bolster Putin's economy" screedes rn.

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Erin Fogg says Free Link @criminalerin.bsky.social · 25/08/2026

My fingers, typing: I must not fedpost. Fedposting is the freedom-killer. Fedposting is the little death that brings total obliteration. I will face my fedpost. I will allow it to pass over me and through me. My brain:

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Joanne Harris @joannechocolat.bsky.social · 25/08/2026

For many years, it was assumed that the prehistoric cave paintings of people, mammoths and hunting scenes were created by men. Analysis of the handprints often used to "sign" these paintings now suggest that most of the artists were women. #CelebratingWomen

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 25/08/2026

Envy at @robindlaws.bsky.social and others who get to see the brand new Elephant Graveyard at Midnight Madness.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 25/08/2026

Finally, sleep has come. Have a good one folks!

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John Rogers @johnrogers.bsky.social · 25/08/2026

I will note that during the last five years or so, longer if you are at Warner Brothers, a lot of mid-level Hollywood executives who worked in those big buildings and felt very secure were unpleasantly reminded that they did not, in fact, own the means of production.

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 24/08/2026

Says a Colombian friend after I show him the video "Doctor Octopus, after years of stalking and scheming, was unable to accomplish what three fat pigs did in five minutes."

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 24/08/2026

Me acabo de enterar de que hay un módulo para CoC ambientado durante la guerra civil Española, alguien de #loderol me puede comentar su opinión al respecto?

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Juan Tcho-Tchoa @juanochoa.eurosky.social · 24/08/2026

Never been a fan art guy, only the one Groo pic a decade ago, but insomnia brought me to drawing this guy. Heh. #blorp

Quick digital doodle of the Spanish comic character Torpedo.

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