iiinova — where your digital self keeps evolving

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Soyoung Lee @soyounglee.bsky.social · 09/10/2026

🚨New @ajpseditor.bsky.social! How does school history education emphasizing past conflict affect students’ attitudes toward cooperation with the country today? Do students exposed to different historical narratives develop different attitudes? We examine Qs👇 onlinelibrary.wiley.com/doi/10.1111/...

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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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Jen Mercieca @jenmercieca.bsky.social · 10/10/2026

Having untaxed billionaires is a policy choice.

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James Medlock @jdcmedlock.bsky.social · 09/10/2026

I'm taking my "Norway's wealth tax didn't reduce tax revenue" victory lap.

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, nor is there any evidence that the reform induced more bankruptcies. ...

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Robert Fields @robertfields39.bsky.social · 06/10/2026

“The Social Contract as Their Prey. Civilization is not held together by marble buildings, military parades, or televised slogans. It is held together by trust." "A Catastrophe of Pretenders" #Vote #Blues #RegimeChange26 •► robertfields39.substack.com/p/a-catastro...

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Erin Lockwood @erinkaylockwood.bsky.social · 26/09/2026

I'm teaching a new graduate seminar on Global Economic Inequality. Check out the syllabus here, if you're interested!

dropbox.com

Dropbox

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Liberal Currents @liberalcurrents.com · 23/09/2026

"Keynes saw the interwar period, with its terrible suffering, violence, and illiberal politics, as a highly combustible historical moment. Liberal civilization increasingly seemed to him 'a thin and precarious crust erected by the personality and the will of a few…'"

liberalcurrents.com

You Should Read Keynes

Keynes was a liberal for our age: morally serious, hopeful for a better future, and yet reconciled to the compromises necessary to preserve the fragile liberal order.

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Vasabjit Banerjee @vasabjit.bsky.social · 09/09/2026

I try to answer in brief numerous queries about what the Trump administration is doing in Latin America, how, and why. www.telegraphindia.com/opinion/stra...

telegraphindia.com

Strategic embrace

The Donald Trump administration is backing right-wing leaders in Latin America to combat narco-trafficking and roll back China’s economic and security footprint in the region

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Erin Lockwood @erinkaylockwood.bsky.social · 26/08/2026

I am fascinated by the evolving relationship between gambling and speculation. Historically, financial markets took great pains to distinguish themselves from gambling, citing their mastery of risk and probability (de Goede 2005). Today, prediction markets are in a bind: (1/x) 🧵

upress.umn.edu

Virtue, Fortune, and Faith

Less than two centuries ago finance - today viewed as the center of economic necessity and epitome of scientific respectability - stood condemned as disreput...

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ThrowingSchlitz @throwingschlitz.bsky.social · 21/08/2026

Nah, I don’t think we’ll need to invade. I’m sure air power can handle it.

The cover of Robert Pape’s classing “Bonding to Win”

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Sam Bagenstos @sbagen.bsky.social · 17/08/2026

As someone who's been working in both "democratic backsliding" and "state capacity" camps, I found today's @donmoyn.bsky.social piece very useful. I've been meaning to write something myself about the tension, particularly w/r/t unitary executive theory. donmoynihan.substack.com/p/what-could...

donmoynihan.substack.com

What could a post-Trump governance coalition look like?

It should be being built now

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Jess Calarco @jessicacalarco.com · 16/08/2026

Of course, the irony here is that the possibility of young people connecting the dots back to billionaires is a big part of why Sociology and other social science disciplines are being hit with political attacks.

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Vasabjit Banerjee @vasabjit.bsky.social · 16/08/2026

Has nobody in Poli Sci read Maslow's Hierarchy of Needs? Because, yes, citizens' preference for food, shelter, and security >>> democracy. I don't know who drank what Kool-aid about the intrinsic benefits of democracy that should be valued more than survival. 1/2

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Keynesaholic_Chris @keynesaholicchris.bsky.social · 02/08/2026

#Foodsky How many calories are on this plate? I’m guessing 250 or less…three of these “meals” a day feels like not enough…perhaps this is a “snack”…looks delicious, though, I am still hungry…

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Jay Van Bavel, PhD @jayvanbavel.bsky.social · 29/07/2026

I was on @npr.org this week to talk about the science of social identity, intergroup conflict, and social norms. I did an interview on Hidden Brain about my book: www.hiddenbrain.org/podcast/grou... They invited me to return to answer listeners’ Qs (54 mins in): www.hiddenbrain.org/podcast/you-...

hiddenbrain.org

Group Think - Hidden Brain Media

How do the groups you identify with shape your sense of self? Do they influence the beer you buy? The way you vote? In this favorite episode from 2021, psychologist Jay Van Bavel explains how our grou...

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Jay Van Bavel, PhD @jayvanbavel.bsky.social · 28/07/2026

Partisans have inaccurate perceptions of their political opponents. But a 10 min conversation with a "outgroup" chatbot can correct these erroneous beliefs & reduce partisan hostility Synthetic contact with outgroups can improve our perceptions and reduce intergroup bias arxiv.org/pdf/2607.02181

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🎃Darin S Pumpkins🎃 @darinself.com · 28/07/2026

Acemoglu and Robinson -- a major piece of scholarly work on democracy by economists -- argues that income/wealth inequality makes democracy less likely because the rich fear taxation. Its more plausible democracy fails to develop under inequality more because the rich have far too much power

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Dan Nexon @dhnexon.net · 27/07/2026

Also, Apollo was an enormously expensive “soft-power project.” No one really thought it was justified on scientific grounds. See 👇 … and immigrants — most of whom weren’t even former Nazis! — made crucial contributions to its success.

cambridge.org

Defending Hierarchy from the Moon to the Indian Ocean: Symbolic Capital and Political Dominance in Early Modern China and the Cold War | International Organization | Cambridge Core

Defending Hierarchy from the Moon to the Indian Ocean: Symbolic Capital and Political Dominance in Early Modern China and the Cold War - Volume 72 Issue 3

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Paul Nadeau @pauljnadeau.bsky.social · 27/07/2026

Things like this need more attention...this new paper by David Autor, Anne B., David Dorn, and Gordon Hanson finds that not only have tariffs not only failed to raise employment, but people in tariff-exposed regions supported the tariffs because they're "confrontational" It's affect, not interests

ddorn.net

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Jay Van Bavel, PhD @jayvanbavel.bsky.social · 16/07/2026

The same psychology that allows us to build vibrant communities, organizations, and nations is also what drives us apart. In this talk I explained why identity as one of the most powerful forces shaping human behavior — for cooperation and for conflict alike. www.youtube.com/watch?v=8id8...

youtube.com

Jay Van Bavel: How Identity and Technology Shape Conflict and Cooperation | Mind & Life 2026 SRI

YouTube video by Mind & Life Institute

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Christopher Webb @cwebbonline.com · 12/07/2026

Maybe we should remember Lindsey Graham the way Fox News is remembering him this morning. For his rabid defense of Brett Kavanaugh during his confirmation hearing. Never forget: Graham’s speech helped push Kavanaugh across the finish line and onto the Supreme Court.

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Keynesaholic_Chris @keynesaholicchris.bsky.social · 12/07/2026

I’ll be glad when we can stop pretending that we Americans care about soccer…I’m sure a few of you can name more than two MLS teams and maybe watch some premier league. But I think “American exceptionalism” is really us thinking we know about everything…

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Democracy Dies in Dorkness @lizamazel.bsky.social · 11/07/2026

Noblesse oblige > move fast, break things

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Mark Copelovitch @mcopelov.bsky.social · 11/07/2026

Dems didn’t get slaughtered for passing the ACA. They got slaughtered for not fixing the economy, which, yes, happened in part because they expended all of their political capital on passing the ACA. It’s 2026. We really should be able to talk about this sensibly by now. bsky.app/profile/mcop...

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Alex @mplsalex.bsky.social · 10/07/2026

I want our next Dem president to bring back the WPA and just build infrastructure all across this country again. Build green energy, trains, housing, etc. We can have nice things (and nice bathrooms), but we have to invest in ourselves!

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Phil Williams @philinvestigates.com · 07/07/2026

Give him credit! Christian nationalist candidate Monty Fritts sat down to answer some tough questions! Please watch, then tell me what you think! (And subscribe to my channel for other great conversations!)

youtu.be

What Does This Christian National Candidate Really Believe?

Monty Fritts, a GOP candidate for governor in Tennessee, answers questions about what it means to him to be a Christian nationalist. #christiannationalism #Tennessee #politics

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Don Moynihan @donmoyn.bsky.social · 06/07/2026

"the last two decades of Supreme Court jurisprudence have tended systematically to corrupt American democracy across a variety of related issues: campaign finance (including last week’s decision), presidential immunity, and, of course, the prosecution of bread-and-butter political corruption."

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Don Moynihan @donmoyn.bsky.social · 03/07/2026

New at Can We Still Govern: The One Big Beautiful Bill Act was signed on July 4, 2025. It is the blueprint for Trump's second term. A year on, Gabriel Scheffler explains three major lies at the heart of the law's Medicaid provisions. donmoynihan.substack.com/p/one-year-o...

donmoynihan.substack.com

One Year On from the One Big Beautiful Bill:

Separating Fact from Trump’s Medicaid Fictions

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Jenny Cohn @jennycohn.bsky.social · 24/06/2026

This.

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Lynn @lynnf.bsky.social · 24/06/2026

Jared Kushner helped make this mess in Iran while making a mess of money www.motherjones.com/politics/202...

motherjones.com

Jared Kushner helped make this mess in Iran while making a mess of money

Let's not forget how America's humiliation began.

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Manisha Sinha @profmsinha.bsky.social · 20/06/2026

Historian here @gregsargent.bsky.social quotes Lincoln beautifully: That is the electric cord in that Declaration that links the hearts of patriotic and liberty-loving men together, that will link those patriotic hearts as long as the love of freedom exists in the minds of men throughout the world.

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Jake Grumbach @jakemgrumbach.bsky.social · 18/06/2026

My new theory paper (early draft) A new reason why concentrated wealth destroys democracy: common ownership A standalone media owner maximizes profit. A common owner like Musk (who owns X + SpaceX) will run the media firm at a loss to increase the $ of his total portfolio tinyurl.com/mcekr7cd

Wealth Concentration and Democratic Erosion:
A Theory of Media and Common Ownership*
Jacob M. Grumbach
June 18, 2026
Abstract
I develop a model of how extreme wealth concentration harms democracy through
a common ownership problem. A standalone profit-seeking media firm will maximize advertising revenue and audience size, producing content that is orthogonal
to democracy. In contrast, an owner who controls both a media firm and other
large firms can use the media firm to produce anti-democratic content, which
reduces the profitability of the media firm but maximizes the profitability of the
overall business portfolio through greater rents from an authoritarian leader (e.g.,
preferential regulatory treatment or public contracts). Anti-democratic content
grows in the owner’s wealth and in the authoritarian premium, the differential
value of concentrated capital under authoritarian governance. I theorize three
extensions: an oligopolistic setting in which reduced democratic content is a common pool resource; an endogenous authoritarian premium based in the authoritarian’s targeting problem; and owners that vary in proactively or reluctantly
supporting the authoritarian.

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Joe Sudbay @joesudbay.bsky.social · 17/06/2026

@nicholasgrossman.bsky.social: The U.S.-Iran Deal is Basically American Surrender "The text has now leaked, and Trump officials were right to think it makes them look bad. The MOU amounts to U.S. surrender. " www.arcdigital.media/p/the-us-ira...

arcdigital.media

The U.S.-Iran Deal is Basically American Surrender

Examining the U.S.-Iran "Memorandum of Understanding" point-by-point

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Shower Cat @shower-cat.bsky.social · 16/06/2026

Private equity is an oozing pustule on the face of the American economy.

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Anthony Michael Kreis @anthonymkreis.bsky.social · 16/06/2026

Professor Wurman complained that my paper did not devote attention to his historical fiction. Well, he got his wish in a new paper by Keener and Whittington, who thoroughly demolish the hackery: reason.com/volokh/2026/...

reason.com

Birthright Citizenship, the Common Law, and the 39th Congress

Ben Keener and I have posted a new paper on the original meaning of the Citizenship Clause of the Fourteenth Amendment. This one provides an extended analysis of the English common law origins of the ...

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Jacob T. Levy @jacobtlevy.bsky.social · 14/06/2026

The very-deliberately-off-bluesky Adam Kotsko with a discussion of the difference between social media and blogs. Relevant to my recent conversation with @drfarls.bsky.social @dhnexon.net @lemieuxlgm.bsky.social adamkotsko.substack.com/p/people-lik...

adamkotsko.substack.com

People like you are the problem

On the difficulties of dialogue

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Alex von Tunzelmann @alexvont.bsky.social · 08/06/2026

This is exactly it. The work is the point.

When I assign analysis, I am not trying to extract a polished product; I am trying to put the student’s mind through resistance in order to make it stronger. Offloading the struggle to a chatbot does not “free students up for higher-order work.” It deprives them of building the strength to do any substantial cognitive work at all.

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Jacob T. Levy @jacobtlevy.bsky.social · 08/06/2026

It seems absurd that he made it to this close to the 250th anniversary of the Declaration of Independence but not quite all the way there. I'm glad that Liberty Fund recorded this extended conversation between him & Jack Greene as part of their commemoration. www.youtube.com/watch?v=EgDo...

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Jacob T. Levy @jacobtlevy.bsky.social · 04/06/2026

www.libertyfund.org/250th/dissen... On the 250th anniversary of the Declaration of Independence

libertyfund.org

When a Doctrine Becomes Destructive of These Ends

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Victor Ray @victorerikray.bsky.social · 04/06/2026

Nothing says "intellectual freedom" like forcing students to take mandatory conservative indoctrination classes. Shout-out to all the embarrassing academics who believe any of this was in good faith.

chronicle.com

A Flagship’s Civics Center Saw Low Enrollment. Now Students Will Be Required to Take Classes There.

A provision in the Iowa state budget will require all students at the University of Iowa to complete two classes at the Center for Intellectual Freedom to get their degree.

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BeijingPalmer @beijingpalmer.bsky.social · 04/06/2026

this is literally how the Marxism classes in China work

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