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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Aaron Rupar @atrupar.com · 09/10/2026

Ossoff says that Mike Collins has "hired half the Third Reich to staff your congressional office"

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Linda Chapman @lindachapman.bsky.social · 07/10/2026

This is stunning! It makes me so happy! (which is a rare thing right about now)

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Elizabeth Eastmond @opquilt.bsky.social · 07/10/2026

Blog post on this floral quilt, along with some details of construction. It’s from my pattern, with four different sizes and looks. #linkinbio #quiltsky opquilt.com/2026/10/04/f...

Quilt: Floral fabrics intersected with solid citrine-colored petals.

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Noah Berlatsky @nberlat.bsky.social · 07/10/2026

wrote about Kansas and why an extremely authoritarian GOP is ill-equipped to deal with competitive campaigns. www.publicnotice.co/p/roger-mars...

publicnotice.co

Roger Marshall is running an all time terrible campaign

Red state MAGAs aren’t equipped for real competition and accountability.

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Mark Sumner 🌒 @devilstower.bsky.social · 07/10/2026

In July, EVs accounted for over 50% of all cars sold worldwide. But they were less than 6% of sales in the US. This is not because “Americans hate EVs.” It’s because Trump’s tariffs have blocked dozens of models—not just from China—out of the US market. …

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Larry Glickman @larryglickman.bsky.social · 07/10/2026

Ronald Reagan came to political prominence in CA with his opposition the Rumford Open Housing Act--"If an individual wants to discriminate against Negroes...it is his right to do so,"--opposed the Voting Rights Act, and called the Civil Rights Act "a bad piece of legislation."

"Reagan Walks out of Meet with Negroes"
Reagan said he agreed with the goals of the Civil Rights Act but said it "was a bad piece of legislation" and that he would not have voted for it had he been in Congress.

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Linda Chapman @lindachapman.bsky.social · 07/10/2026

I'm so sorry. That's a rough road. Take care.

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Linda Chapman @lindachapman.bsky.social · 06/10/2026

Lol! You are too kind! Profile pic is 5-6 years old. I really am 70. (Wearing the same sweater right now 🙄)

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Linda Chapman @lindachapman.bsky.social · 06/10/2026

Relatable! Mine was getting past my stutter. My food choice would be something easy for me to say. I'd strategize my lead-in words and psych myself up to be cool. I probably still stuttered. Lol 🤷 I'm old now (70) and rarely stutter, but I remember the struggle of being put on the spot. U did great.

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NewsReadingGrandma @newsreadinggrandma.bsky.social · 02/10/2026

Five little snapshots of where we are: energy markets rattled, health costs climbing, taxpayer money turned into self-promotion, a president selling access, and even the Kennedy Center caught in the churn. None of this is small. ↓

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DSP💙#🟦✡️ @drawstickpeople.bsky.social · 01/10/2026

This is why most women of social media choose the bear

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Linda Chapman @lindachapman.bsky.social · 01/10/2026

It's really pretty! I hope that gets you through the weaving in.

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Linda Chapman @lindachapman.bsky.social · 01/10/2026

Eh, in my corner of PNW it's sunny-ish at the moment. Enough sun for shadows, but they have very soft edges.

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morepeas.bsky.social @morepeas.bsky.social · 30/09/2026

The idea we could have someone in Congress who thinks about problems this deeply is inspiring.

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By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 29/09/2026

It was Katie Wells, a Groundwork fellow, who co-authored the report describing how the apps nurses use to get shiftwork collude with data-brokers to find out how much money nurses owe on their credit cards, so they can pay the most desperate nurses lower wages: pluralistic.net/2024/12/18/l...

pluralistic.net

Pluralistic: Nurses whose shitty boss is a shitty app (17 Dec 2024) – Pluralistic: Daily links from Cory Doctorow

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Nathan HawkBlogger @nathanhb.bsky.social · 29/09/2026

It's five years later and for me it's hard to feel like anything has changed. Everyone in power remains deeply comfortable, and they have gathered and enabled a circle of media that feeds that comfort. There is a closed feedback loop for them. And so I don't know how it ever changes.

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Robert Reich @rbreich.bsky.social · 29/09/2026

The arguments you've heard against California's billionaire tax are utter BS. Here to debunk them — and explain why you should vote YES on Prop 40 — is renowned economist @gabrielzucman.bsky.social

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Abdul El-Sayed @abdulelsayed.bsky.social · 29/09/2026

My Building a Healthier America Policy Agenda. 🌱🧑‍🌾🍏💧

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Terre-Strial @terre-strial.bsky.social · 29/09/2026

Choose. The. Bear. Seriously.

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Jess Piper @piperformissouri.bsky.social · 24/09/2026

How many years have I been telling you to keep your eye on Iowa? I know what I’m seeing on the ground and what I’ve been seeing for a couple of years… LFG!

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Linda Chapman @lindachapman.bsky.social · 24/09/2026

Right? I looked up the DC weather, low 50s to low 60s, that's not exactly glove weather.

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Physics @physics.bsky.social · 17/09/2026

Carlsberg Brewery offered Niels Bohr a house next to the brewery in honor of his 1922 Nobel Prize in Physics. One of the benefits of the house was a direct pipeline from the brewery, effectively providing Bohr with free and unlimited beer for life.

A black and white historical portrait of Niels Bohr sitting on stone steps. He is wearing a rumpled suit, a tie, and heavy boots, with one leg crossed over the other.

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Greg P Stone @gregpstone.bsky.social · 23/09/2026

So the DOJ's position is the the USPS is too incompetent to delver mail but so ultra-competent that they can screen ballots.

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Alex Falcone @alexfalcone.bsky.social · 23/09/2026

Women in SCAM: Phoebe Gates

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Linda Chapman @lindachapman.bsky.social · 22/09/2026

Wishing you resilience, balance, and the joy of beautiful fabrics and yarns.

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Olúfẹ́mi O. Táíwò @olufemiotaiwo.bsky.social · 22/09/2026

"The findings were published in Nature Neuroscience Sept. 18. Loh is the senior author. Graduate students Carolyn “C” Dundes and Rayyan Jokhai are co-first authors of the research." med.stanford.edu/news/all-new...

med.stanford.edu

Human brain is two separate organs, Stanford Medicine-led research finds

Stanford Health Care delivers the highest levels of care and compassion. SHC treats cancer, heart disease, brain disorders, primary care issues, and many more.

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Anthony Edwards @edwardsanthonyb.bsky.social · 20/09/2026

This El Niño has a unique flavor — sea surface temperatures are most anomalously warm in the far eastern equatorial Pacific. That shifts the location of tropical thunderstorms, which influences the jet stream over the U.S. The most recent east Pacific-based El Niño "smacked" California. My latest:

sfchronicle.com

This new El Niño looks like past ones that soaked California — here’s the key detail

The potentially record El Niño developing in the Pacific shares an important geographic feature with two prior very strong El Niños that drenched California.

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David Waldman @kagrox.bsky.social · 19/09/2026

As Eisen explains, an insolvent company can go to bankruptcy, but an insolvent non-profit foundation goes to receivership, meaning the court appoints a new fiduciary. The exact opposite of what they wanted!

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Paul Rosenberg @paulrosenberg.bsky.social · 18/09/2026

Think of all the money you'd save if you didn't buy food!!!

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Josh @joshmallow.bsky.social · 17/09/2026

Interesting that they don’t apply “we’re not smart enough to regulate this” to, for example, abortion.

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donnayoungdc @donnayoungdc.bsky.social · 15/09/2026

Reminder: Pro-authoritarian billionaire Robert Kraft's wife Dana Blumberg is among the Trump-appointed members of the Kennedy Center Board who voted to put Mobster Trump's name on the memorial & to also shut it down. Robert Kraft & Dana Blumberg are who Ed Sheeran CHOOSES to associate himself with.

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Linda Chapman @lindachapman.bsky.social · 16/09/2026

Appears, not always. Dammit autocorrect!

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Linda Chapman @lindachapman.bsky.social · 16/09/2026

You were so good! Lawrence always to be a huge fan!

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Media Matters for America @mmfa.bsky.social · 15/09/2026

Every major nightly news show covered the breaking story about a Russian oligarch bankrolling Donald Trump Jr's wedding celebration — except CBS.

PBS NewsHour coverage: "Donald Trump Jr.'s Bahamas Wedding Was Secretly Bankrolled by Russian Oligarchs Close to Putin"

ABC World News Tonight coverage: "Report: Oligarch Paid For Trump Jr. Wedding Parties"

NBC Nightly News coverage: "Russian Oligarch Pays For Part of Trump Jr. Party"

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Kyle Cheney @kyledcheney.bsky.social · 14/09/2026

BREAKING: Judge Nichols, a Trump appointee in Washington, D.C., has *blocked* the administraiton's mail-in ballot plan, saying USPS lacked the authority to issue it. ecf.dcd.uscourts.gov/cgi-bin/show...

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 11/09/2026

Billionaires don't use the money they save on taxes to create jobs. That's another myth. They use it to buy back stock, get bigger corporate jets, and build grander yachts.

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Alex Spahn 🌋🌪️☄️ @spahn711.bsky.social · 11/09/2026

Allow me to make the case for why calcite should not only earn your vote but win the tournament. Calcite is the mineral with the most forms, is highly fluorescent & phosphorescent, helped explain the wave nature of light, laid the foundation for optics/polarizers, and even calms an upset tummy. A 🧵:

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Missing The Point @missingthept.bsky.social · 10/09/2026

They have thought of it before, that's why there's a law against it.

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Oliver Willis @owillis.bsky.social · 09/09/2026

imagine the field day the gop and fox news would have with obama or biden, let alone clinton (!) giving his young blonde female aide a $45,000 cash "bonus." meanwhile the dems sleep through it.

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𝕯𝖆𝖓🍂🎃🕸️ @arepublic86.bsky.social · 06/09/2026

🇹🇭Nene Royal🇹🇭 doing Metallica's Master of Puppets. She's pretty damn good. Only 16 but you'd think she's a seasoned rock goddess with how confident she blasts through it. 🤘🤘🎸

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Alex Spahn 🌋🌪️☄️ @spahn711.bsky.social · 07/09/2026

Live your life with lots of egrets, not lots of regrets. #Deep #Photography

A photo of the bare branches of trees sticking up out of a pond of water. Among the branches are numerous (12) white egrets. Some are looking out while others are cleaning themselves. The birds are reflected in the water. Behind the pond are green trees and grasses illuminated in a warm tone from the setting Sun.

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Aunt Eef @aunteef.bsky.social · 06/09/2026

Not sure how achievable this is but I truly love "There is nothing in the middle of the road but yellow lines and dead armadillos."

post from @stuartpstevens

When Democrats take the House, they must understand they are not a governing party. They are a dissident movement.

Act like it.

First day:

- cut off all funding of Exec. Branch

- vote to nationalize Starlink and SpaceX

- defund ICE

That's the first day.

On the second, get more aggressive.

There is nothing in the middle of the road but yellow lines and dead armadillos.

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