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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Mathilde Larrère @mathildelarrere.bsky.social · 01/10/2026

Sérieux, vous vous rappelez les mêmes qui sont là à hurler "dégradationnnn inexcuusaaable", émeeeuuuuute qd c'était les agriculteurs ? "« On ne répond pas à la souffrance en envoyant des CRS. » (Darmanin- Les gus avaient déversé du lisier, bloqué les voies ferrées, brulé une préfecture mais non.

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Mediapart @mediapart.fr · 01/10/2026

Des échanges sur la messagerie Messenger, des mails et de nombreux entretiens : Mediapart démontre dans une vidéo de 9 minutes comment nos journalistes ont enquêté sur les écrits antisémites de Jordan Bardella 👉‍ l.mediapart.fr/3aK

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 24/09/2026

Ok j'avais pas de favorite jusqu'à maintenant mais on m'a eu, ça y est, go Shinobu go 🙌🙌🙌

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Alexis Lévrier @alexislevrier.bsky.social · 09/09/2026

Bolloré a tellement gagné la bataille du lexique que la ministre chargée de la lutte contre les discriminations affirme, sur CNews, que la théorie du grand remplacement n'est pas raciste. Chaque jour une nouvelle digue s'effondre de la sorte. Mais que faire, à part documenter le désastre qui vient?

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tobyfox @tobyfox.undertale.com · 06/08/2026

It's been a little over a month since Chapter 5 released! It should be sending out now! News toby.fangamer.com/newsletters/...

toby.fangamer.com

DELTARUNE Summer Newsletter 2026

It’s Summer… can Summer be over yet?

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Demoiselles d'Horreur @demoiselleshorreur.bsky.social · 22/07/2026

On se répète, mais on a donc acté que : -le vote, ça marche pas -les manifestations, ça marche pas -les pétitions, ça marche pas Ils nous force à trouver une autre alternative : qu'ils ne se plaignent pas quand elle arrivera.

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Médéric Gasquet-Cyrus @medericgc.bsky.social · 07/07/2026

On va donc pouvoir compter autour de nous les gros cons qui vont voter pour une femme coupable d’avoir détourné des millions d’euros d’argent public, tout en réclamant : « le retour de l’ordre », « une justice plus dure », « la fin de l’impunité », « la fin du système ».

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Edwy Plenel @edwyplenel.bsky.social · 06/07/2026

L’idée de présumer qu’un policier ou un gendarme ayant fait usage de son arme a agi dans les règles figurait dans le programme présidentiel de Jean-Marie Le Pen en 2007. Vingt ans plus tard, elle est reprise par la droite et soutenue par les macronistes. www.mediapart.fr/journal/fran...

mediapart.fr

« Présomption de légitime défense » pour les policiers et gendarmes : la société civile tente d’alerter

Alors qu’une proposition de loi doit être examinée le 7 juillet à l’Assemblée nationale, des associations et autorités indépendantes tentent d’alerter sur les dangers du texte. Sans sursaut, elles cr…

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UNDERTALE/DELTARUNE @undertale.com · 22/06/2026

From Toby: 10 years ago I made a song that sounded like this. It's called "The Sunset of 7 Suns." This is the hope for Chapter 5 from 10 years ago.

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tobyfox @tobyfox.undertale.com · 09/06/2026

Sorry to keep you waiting! DELTARUNE Chapter 5 will be released on June 24th at 11:00AM EDT. Here's the trailer if you missed it! www.youtube.com/watch?v=n5y2...

youtube.com

DELTARUNE – Nintendo Direct 6.9.2026

YouTube video by Nintendo of America

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 10/06/2026

Tu commences pas un chapitre comme ça là wtf laisse moi me poser, tranquille

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 24/05/2026

Bah c'était peak et j'ai les larmes aux yeux, qu'est-ce que je peux dire d'autre face à ça ?

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 23/05/2026

Mais comment elle arrive à être aussi forte à chaque fois

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 18/05/2026

OUAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAIIIIISSSSSSSSSSSSSSSSSSSSSSSSSS

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 18/05/2026

GOOOOO GIRL GET YOUR BOYFRIEND 👏👏👏💪💪💪💪💪

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 18/05/2026

Du toxic yaoi carrément wshhhhhh laisse mon goat trkl sayer

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 14/05/2026

Waiter please more of flustered Kurusu x Kurata

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 13/05/2026

ARGHHHHHHAHAHZHDHZJAKSKSKSJDHFBELSLKSOMFIKDZLAMALLALAZLLZKFKFLELZMZLALALALLLKKKLLZKZKSKLSKDKDKS

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agabadoogi @agabadoogi.bsky.social · 10/05/2026

footage of my ps2 running old ass deltarune

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 10/05/2026

GRAAAAAAAAAAAAAAH OUAAAAAAAIS C'EST ÇA QUI ME FALLAIT PUTAINNNNNNNNNNNNNN

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 03/05/2026

J'ai de grandes attentes pour elle

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 20/04/2026

LE CHAPITRE 533 DE ORV 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

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tobyfox @tobyfox.undertale.com · 29/03/2026

A message for my fans in Latin America. (plain text is in the image alt-text if you need it for translation.)

Recently, Fangamer asked me to make a post in Japanese regarding the translation of OFF.
Well...in the responses to that post, I noticed some frustration from Latin American fans. Let
me address a few of those issues now.

1. There is an officially licensed UNDERTALE concert series that unfortunately has no shows
planned in Latin America. I did retweet its schedule on request, but I have hardly any
involvement with the concert series and no input on where they perform. But, the organizers have heard the enthusiasm from Latin America, and I personally think it would be great to
have performances there. I hope it works out!

2. Fangamer’s shipping costs to Latin America are prohibitively expensive. As just one of
Fangamer’s clients, I am aware of this problem and I’ve asked them about possible solutions
before. I think it would be amazing if they could find affordable shipping to Latin America (and
other affected regions), but they have expressed that it’s a huge logistical hurdle. The other
shipping methods they’ve tried had a lost package rate of over 50%…

Still, I think Fangamer is interested in finding solutions, so I hope that we can figure out some way to get affordable merch to Latin American fans. Fangamer is very easy to work with and
truly passionate about the things they make. I really trust them and would prefer to collaborate
exclusively with them on merch.

3. Unfortunately, there are no translations for UNDERTALE into other languages besides
Japanese. That includes Spanish and Brazilian Portuguese, but also every other language –
Chinese, Korean, Russian, French, German, Italian, and more.

I know it sucks that there are no other official translations for UNDERTALE. But I want to
make it clear that this isn’t because I have a grudge against other countries. It’s because, if I
release something official, I want it to match my vision. I was only able to do this for the
Japanese version because I know Japanese myself, and I worked very closely with our
brilliant translator to thoroughly check the text. I am not against official translations for other languages if we could make it work the same way… In the past I have looked into various options with my publisher, 8-4, but nothing has come of that yet. Maybe I should try a different approach.

I’m very happy that there are unofficial translations on PC. Considering I don’t understand
other languages, letting fans interpret the game without the burden of being “officially” perfect is amazingly helpful.

As for DELTARUNE, it’s just not feasible from a development standpoint to support other
languages right now, since it would make the game take longer to come out...
---
I’m honored to have many fans across the world, and of course that means Latin America too.
I don’t want anyone to feel left out. I’m sorry if my silence made me seem like I was ignoring
anyone.

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tobyfox @tobyfox.undertale.com · 10/02/2026

We'll receive the first draft of the Japanese translation of Chapter 5 next week! Meanwhile, we've been polishing the game and doing some preliminary internal bugtesting on PC. Heavy bugtesting across every console will happen when the Japanese translation is done.

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Loshi🇨🇵 🇵🇸 @loshi380.bsky.social · 18/11/2025

Cloudflare de merde m'a tout pris ptnnnnn y'a rien qui marche

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