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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Kris @jumping-cholla.bsky.social · 11/10/2026

"Well if you gotta lay an egg you gotta lay an egg" to Dell. 😂 Glad you had a good day!

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A Chronic Voice @achronicvoice.com · 11/10/2026

"I #mourn her. I miss her. I #love her. But I cannot go back to her. Perhaps in time she will stop walking ahead of me, just out of reach. Perhaps she will walk beside me..No longer a phantom, but a #companion" (She is Me): buff.ly/G1zylTP by @leighlouharper.bsky.social #ChronicIllness #poem

buff.ly

She is Me

A eulogy for the versions of me I will never know.

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Kris @jumping-cholla.bsky.social · 11/10/2026

This is beautifully written.

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Aaron Rupar @atrupar.com · 08/10/2026

this is honestly one of the worst and most irresponsible things he has ever posted, and that's really saying something

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Joanne Freeman @jbf1755.bsky.social · 02/10/2026

OMG NYC is having a scavenger hunt. The theme? The History of Organizing in NYC. OMG THIS IS THE WAY

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Maggie Astor @maggieastor.bsky.social · 30/09/2026

The 988 suicide prevention hotline's Press 3 option — which provides specialized services to LGBTQ callers — has been restored more than a year after the Trump administration shut it down. Confirmed by HHS and the office of Senator Tammy Baldwin, who led on legislation that forced its restoration

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Kris @jumping-cholla.bsky.social · 27/09/2026

I'm starting to become obsessed with the shoes. #TravelWithNatalie

Still photo from "Seinfeld" with Jerry and a girlfriend who wore the same dress each time they saw each other.

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Joanne Freeman @jbf1755.bsky.social · 24/09/2026

NO So disrespectful. I hate it.

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Count Nikolaj Bill-cula @nikolajbill.bsky.social · 20/09/2026

Folks, I was at Kroger's earlier and a woman didn't know what pickles she wanted. She said she wanted something tart and was about to get bread and butter, but she asked me "Do you know if these pickles are sweet or which ones are better?" Lady, I've waited my entire life for this conversation.

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Kris @jumping-cholla.bsky.social · 15/09/2026

"Silly mistake." FFS. Outstanding investigative reporting.

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Kris @jumping-cholla.bsky.social · 09/09/2026

From the godfather of AI: “If you wanted to corrupt those midterm elections and you wanted to use AI, all you needed to do was get detailed information on US citizens. And what Doge did looked like just what you would do.” ~G. Hinton ("Godfather of AI") Well, that's not good.

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Kris @jumping-cholla.bsky.social · 05/09/2026

So happy for both of you! Cucumber is adorable! 💗

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shauna @goldengateblond.bsky.social · 01/09/2026

living for this energy

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ProPublica @propublica.org · 30/08/2026

A Black Hawk helicopter. Elite SWAT teams. Last September, federal agents descended on a Chicago apartment complex in a massive show of force. The government claimed “terrorists” had taken over the building. That’s not what we found: propub.li/3T6mq7j

“This was one of the most aggressive displays of force by these [immigration] agencies in a U.S. city in, like, anybody’s recent memory. This is not normal. … This is not something that happens in this country, and it did.” -Melissa Sanchez, ProPublica reporter

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MapQuest @mapquest.com · 27/08/2026

We’re not changing it.

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Joel @itsjoels.bsky.social · 25/08/2026

This is the letter kids got at the end of Dolly’s Imagination Library. I defy you to read this and not cry.

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FactPost @factpostnews.bsky.social · 25/08/2026

Dolly Parton on funding education and childhood literacy programs: My daddy was the smartest man I have ever known, but I knew his inability to read probably kept him from seeing all of his dreams come true. Inspiring kids to love to read became my mission.

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Kris @jumping-cholla.bsky.social · 24/08/2026

No democrat meets your requirements so the solution is to give up your vote? You are the problem. Big account for someone who is unserious about reclaiming our democracy. Seems that may be your goal. GTFO.

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Kai Ryssdal @kairyssdal.bsky.social · 20/08/2026

Unspeakably disgraceful. Doris Miller was a mess attendant -- the only jobs open to Black sailors -- who won the Navy Cross at Pearl Harbor. With this, and reports USN leaders are considering changing the design of aircraft carriers *because Trump said so* -- the Navy is dishonoring itself.

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Menestune @menestune.bsky.social · 19/08/2026

There are few things sweeter than watching this barred owl taking sippy drinks from our kiddie pool. So gentle and serene. #birds #owl #birb #nature #love #trailcam #Seattle #goodmorning #PNW #love #funnyanimals #nokings

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Grant Tanaka @granttanaka.bsky.social · 15/08/2026

still think daily about the time I was at Arby's and the person in front of me asked what the "healthy option" was, and the cashier responded "leaving"

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Hillary Rodham Clinton @hillaryclinton.bsky.social · 06/08/2026

Local man suggests jailing own boss.

Screenshot of an Aaron Rupar clip of J.D. Vance saying on Fox News: "If you are committing fraud against the American people, all of us in public leadership should be trying to stop it and throw you in prison for enriching yourself off the American taxpayer"

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Kris @jumping-cholla.bsky.social · 05/08/2026

This, to the core. And it's not said nearly enough.

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Kris @jumping-cholla.bsky.social · 31/07/2026

Aww, that's cute! (We've all been there when digging into the wrapping supplies.) Have a wonderful birthday!!

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Micah @rincewind.run · 29/07/2026

man I will just never get over the fact that the collective response to the pandemic, and an absolutely miraculous vaccine development, was to destroy public health in this country and smear everyone involved I generally take a positive view of humanity overall but it's so depressing

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Kris @jumping-cholla.bsky.social · 29/07/2026

So glad you mentioned this! Would have missed and they are perfection.

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The Onion @theonion.com · 28/07/2026

Ken Burns Wants You To Watch America: Birth Of A Nation Watch now: www.youtube.com/watch?v=_cTi_vTwwmU…

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Max Burbank @mxburbank.bsky.social · 24/07/2026

I want a true historically accurate Odyssey where all the characters are played by piles of dust and bone fragments.

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Richard M. Nixon @dicknixon.bsky.social · 22/07/2026

Larry laid his mouse in front of the press to be photographed. Lest you ask, this is a real photograph via the Press Association.

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Dawn McLachlan @deemclachlan.bsky.social · 19/07/2026

I live in a small town in NE Scotland close to where chunks of the #Odyssey was filmed. Nolan’s cast and crew were all lovely and spent money like water in our hard-up area. He even made sure our tiny cinemas got on-time release of it when we normally have to wait for big movies. Thanks Chris.

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Kris @jumping-cholla.bsky.social · 16/07/2026

Hard to believe this isn't parody.

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shauna @goldengateblond.bsky.social · 14/07/2026

at this point i think we can stop calling it “highly unusual”

A Highly Unusual Move
Defense Secretary Pete Hegseth blocked promotions for seven senior Navy officers, mostly women or people of color.

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Chronic Illness Humor @chronicillness.bsky.social · 14/07/2026

I'm not "quiet" I'm just fatigued and you seem like a lot

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Echo @echo262.bsky.social · 13/07/2026

We got the dog a new bed.

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Josh @joshmallow.bsky.social · 13/07/2026

This is where the anti-trans bullshit was always heading

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Kris @jumping-cholla.bsky.social · 12/07/2026

The strength of convictions of posters and commenters who clearly *didn't read the article* is stunning.

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Richard M. Nixon @dicknixon.bsky.social · 04/07/2026

This an official Vatican photograph of Leo at Lampedusa, Italy - one of the world’s heaviest migrant sites - where he went this morning to pray for migrants who died at sea. This is after turning down the offer to come to the United States.

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Joanne Freeman @jbf1755.bsky.social · 27/06/2026

Public pools. The line for the public library at the Obama presidential library. Some things are good. Just…good. For we, the people. And folks know it.

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Marie Le Conte @youngvulgarian.marieleconte.com · 27/06/2026

absolute height of comedy is when they cut to the goal and you see how many kid keepers they've got

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Kris @jumping-cholla.bsky.social · 26/06/2026

Wow- great memories! Cherry and apple were favs.

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