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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Paul Kelly @pjthinker.bsky.social · 27/07/2026

He’ll live and I enjoyed the film. But Wilson’s translation is brilliant and I’m happy to learn from her. She (and Nolan) will have brought multitudes to the text and to the study of Ancient Greek literature and classics more generally a good result. Everyone has a view on the Odyssey- that’s good.

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Rachel Wearmouth @rewearmouth.bsky.social · 19/07/2026

Well, we will always have the Azteca thriller & tonight’s absolute goalfest Best performance since 1966 & a foundation to build on.

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Nikhil Venkatesh @nikvenkatesh.bsky.social · 15/07/2026

Ed Miliband would not have sat back, he would have gone on and got that second goal

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𝔻𝕖𝕖𝕡 𝕋𝕙𝕠𝕥 @thatsgoodweb.bsky.social · 13/07/2026

Frank Frazetta, Swamp God, 1965

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Mayor of London, Sadiq Khan @london.gov.uk · 29/06/2026

10 years ago, the air outside Aldgate School didn’t meet legal limits. Children were breathing polluted air every day. I made it my mission to change that. Here’s the difference our bold policies have made ⬇️

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James Ball @jamesrball.com · 23/06/2026

What an absolutely fascinating question. The reporter has asked if it's President Trump. You'll be shocked to hear she didn't get an answer.

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Christabel Cooper @christabelcoops.bsky.social · 19/06/2026

It is extremely important that Labour understands that the movement of voters between Lab and Ref was not the crucial factor, it was consolidation of the anti-Ref vote and Lab voters turning out in droves. Otherwise Burnham will make the same mistakes as Starmer in targeting only one set of voters.

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Will Jennings📉🗳️ @drjennings.bsky.social · 10/06/2026

It seems obvious but needs saying that most of Labour's core vote is fundamentally opposed to the far right. Failing to fight back against it rioting on Britain's streets will leave many of those supporters wondering what the point of having a Labour government is.

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Rajan Narang @rdnarang.bsky.social · 10/06/2026

Musk is pursuing a war against multiracial democracy. Its defenders would be wise to understand that

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 10/06/2026

After two summers of far right thuggery we start this June with a racist pogrom. This is the battle for the future of our country and the government has been doing too little at every step - when they aren't feeding racist narratives on migration

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James Ball @jamesrball.com · 09/06/2026

It does. But the wilful blindness of the UK's political establishment to the scale of the danger scares me even more.

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Colin Murray @colinmurray.bsky.social · 09/06/2026

We can't look away from the images of families fleeing burning houses without calling this out as a pogrom, whipped up by influential actors who care nothing for the people of Belfast: www.irishnews.com/news/norther...

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James Ball @jamesrball.com · 03/06/2026

I feel like I'm going mad: Henry Nowak's killer has been sentenced to life in prison with a 21-year minimum. The whole process took less than six months. There were grave errors on the night. But how does this possibly evidence two-tier justice? www.thenewworld.co.uk/james-ball-o...

This is not what happened in the Henry Nowak case. Nowak was killed in December 2025. Once police realised they had been deceived on the scene, they rapidly investigated, properly.

They secretly recorded Digwa and his brother talking to one another, in Punjabi, about how they planned to mislead officers about the attack. Police quickly amassed more than enough evidence for prosecutors to use.

Less than six months after his killing, Nowak’s attacker has been convicted of murder and sentenced to at least 21 years in prison. Police failed Nowak in his final moments alive, but the justice system delivered exactly as it was supposed to do so for his family. Showing truly admirable restraint and forbearance, Nowak’s father said, clearly, that “we do not want his death to be used to create further division, hatred or tension”.

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Otto English @ottoenglish.bsky.social · 03/06/2026

A reminder of what Nigel Farage said following the murder of Sarah Everard by a serving police officer.

We must not allow the tragic murder of a
young woman turn into attacks on men
and attacks on the police

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Ben Goldsborough MP @bengoldsborough.bsky.social · 02/06/2026

🚨 Farage called for "pure cold rage". Tonight, far right thugs attacked police officers and rioted on our streets. Words have consequences. #Reform thrives on division & hatred. It is a dark day in our society when the leader of a party is emboldened to stoke such hatred.

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 02/06/2026

Inflammatory and simple gutter racism. Why the government continues to post on X rather than shutting the site down... Morally wrong and politically stupid.

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Huw C. Davies @huwcdavies.bsky.social · 02/06/2026

Got to be one of the most inflammatory statements ever broadcast on the BBC, let alone a current affairs show. Apparently, there’s a ‘regime’ that for ‘30 years’ has been operating against the interests of whites.

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Tom Freeman @tomfreeman.bsky.social · 02/06/2026

It's like they're treating it as purely a matter for the justice system and don't realise there's a moral struggle for the soul of society which needs to be won, or even just joined

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Jess O'Thomson @jessothomson.co.uk · 22/05/2026

This cartoon by Ella Baron from the Guardian today actually made me well up a little. We will keep fighting. Together.

Cartoon Separate But Equal from the Guardian.
Link to access provided alt text:

https://www.theguardian.com/commentisfree/picture/2026/may/22/ella-baron-on-the-ehrcs-transgender-guidance-cartoon

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Hugh Brechin @hughrbrechin.bsky.social · 20/05/2026

this is why Labour need a new leader in short order. maybe in an ideal world, Keir Starmer would hang around for a year and govern well while absorbing some of the inevitable flak associated with a developing global economic crisis; but the 'and govern well' part of that simply isn't going to happen

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Ben Goldsborough MP @bengoldsborough.bsky.social · 19/05/2026

If the government genuinely wants to tackle food inflation, focus on the real pressures: energy costs, fertiliser costs, water costs and supply chain resilience. That is how we bring prices down sustainably. Not through headline grabbing price controls. 7/7

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Tom Roberts @tpgroberts.bsky.social · 18/05/2026

I genuinely don't think the right has noticed the degree to which it has radicalised.

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lastpositivist.bsky.social @lastpositivist.bsky.social · 09/05/2026

Once again seems to me a major story in British politics is just the boring one that the right block is split two ways and the left block three ways, and we have an electoral system which makes that devastating for the left. I think this gets less attention than it ought cos it's "dog bites man".

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 08/05/2026

Big change as Haringey moves to NOC, but I can't help but think the Greens could have a majority here if they had run full slates in Northumberland Park and Bruce Castle - the Haringey Socialist Alliance pairs ran 500+ votes behind the Green candidates. @joeives.bsky.social any background here?

Haringey council results - NOC with greens on 28, Lab on 21 and LD on 8

Bruce Castle results with Lab on 1298 and 1068, Green candidate on 1209, and Haringey Socialists on 599 and 528

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Nick Davies @njdavies.bsky.social · 08/05/2026

Residents have overwhelmingly re-elected the Lib Dem’s in S. Cambs. Perhaps national politicians could consider the issue of the 4 day week settled for now? www.scambs.gov.uk/our-district...

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George Monbiot @georgemonbiot.bsky.social · 08/05/2026

No one expected Keir Starmer to solve our pressing problems overnight. But what we did expect – and had every right to expect – was that he would lay out a clear vision and roadmap for doing so. Instead, we’ve had drift, appeasement and a startling absence of ideas, values and ambition. 🧵1/6

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Ben Ansell @benansell.bsky.social · 06/05/2026

Stuck abroad with your baby for several months even though they are legally allowed in the UK? Too bad, says Mike Tapp, you should read gov.uk daily like the rest of us obviously do. No complaining allowed unless you're a hero voter with 'concerns'. www.theguardian.com/politics/202...

theguardian.com

Scottish mum stuck abroad after baby falls foul of UK dual nationality rules

Sarah Schloegl was unable to board flight home from Spain as 11-month-old lacked documents needed under new rules

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Sunder Katwala (sundersays) @sundersays.bsky.social · 03/05/2026

Reform Home Affairs spokesman Zia Yusuf advocates a future government would make decisions on locations of detention centres solely/primarily on political grounds.

Zia Yusuf, Reform’s home affairs spokesman, has now disclosed that none of the new centres would be built in areas that elect Reform councillors or MPs.

“Even though illegal migrants will not be allowed to leave the sites, we are committing to not placing these detention sites in areas with a Reform MP or where Reform controls the council,” he told The Telegraph.

“Given the Green Party advocates for open borders and for an infinite number of undocumented men to come here, we will prioritise Green constituencies and Green-controlled councils to locate these detention centres.

“This is the fairest approach to ensuring democratic consent for all aspects of our mass deportation programme.”

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Sunder Katwala (sundersays) @sundersays.bsky.social · 30/04/2026

The range and extent of unlawful behaviour (comtempt of court) by Northamptonshire police to cover up grossly unethical & unlawful conduct is astonishing www.bbc.co.uk/news/article...

bbc.co.uk

BBC obtains Northamptonshire Police video of woman's arrest

Nadine Buzzard-Quashie speaks for first time about her

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UNISON @unison.org.uk · 24/04/2026

📢🤝 Today, thousands of migrant care workers are coming together to tell the government: enough is enough. WATCH: UNISON general secretary @AndreaEgan.bsky.social introduces the Fair Visa Campaign day of action.

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Joshua Erlich @joshuaerlich.bsky.social · 23/04/2026

ok the Mr. Beast lawsuit, let’s go. step 1: don’t do this, or this, or this, or this

9. Upon information and belief, during Plaintiff's employment, MrBeast did not have
an Employee Handbook with standard employment policies and practices. Instead, MrBeast
distributed a handbook to employees titled, "How to Succeed In MrBeast Production" that included sections such as "It's okay for the boys to be childish" and states, "Cilf talent wants to draw a dick on the white board in the video or do something stupid, let them."' The handbook states, "[DJo everything you can to empower the boys when filming."2 MrBeast directs employees
to go to great lengths to get results and that there are no excuses to not getting the job done. The
handbook tells employees, "No Does Not Mean No"3 and "The Amount of hours you work is irrelevant."4

13. During her employment, Plaintiff herself experienced and observed other female
employees be subjected to sexual harassment that was both condoned and/or perpetuated by their
supervisors. For example, the Company's former CEO James Warren ("Warren") both subjected
Plaintiff to sexual harassment (making her meet him in his home for one-on-one meetings while commenting on the way she looked in her clothes) and dismissed her complaint about a male client's unwelcome advances toward her as nothing (telling her that she should be honored that
the client was hitting on her). When she asked why Donaldson would not work with her on certain projects, Warren told her that she is a beautiful woman and her appearance had a certain sexual effect on Jimmy.

14. Plaintiff was treated differently than her male counterpart. Plaintiff was told to
leave an otherwise all-male meetings by Donaldson. She was told by a male colleague to "shut up" or "stop talking" when she voiced her opinion at a staff meeting with employees she supervised.
Donaldson said he would only participate in her video shoot if she brought him a beer—a task
meant to demean her as she rushed around the production site in search of a beer in front of the production team when it was known Donaldson didn't really drink, and he indeed did not drink the beer.

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Sunder Katwala (sundersays) @sundersays.bsky.social · 23/03/2026

The Labour govt is proposing much more sweepingly regressive reforms on settlement& citizenship than Thatcher 1981 Act or anything since. Transitional pressure of 2021-24 is not a credible reason for Britain to introduce toughest unsettlement timelines of any democracy for refugees+ migrant citizens

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Rob Ford @robfordmancs.bsky.social · 28/02/2026

Well, no, they’re not just as wrong. The bigger error is not seeing that “trying to win over voters from a party on the opposite end of the spectrum, whose values your core voters oppose” is not same as “chasing voters from party on same side ideologically whose values your core voters like.”

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Sunder Katwala (sundersays) @sundersays.bsky.social · 12/02/2026

Andrea Egan of Unison says union members fear settlement proposals will mean unfairness + more exploitation. She says explicitly her union sees rethinking these reforms as a key test of "basic principle" for those Labour MPs "hoping to replace the Prime Minister" www.theguardian.com/commentisfre...

theguardian.com

Britain’s care system promotes modern slavery. A genuinely humane government would reform it | Andrea Egan

New proposals that would force poorly paid migrant workers to wait longer for earned settlement are nothing more than an assault on working-class people, says Unison’s general secretary Andrea Egan

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 21/01/2026

I keep seeing these "People's Pension" ads and I think they'rev very misleading - most pension schemes are Trusts run for the beneficiaries. These guys say they give money back but it's because they charge a higher management fee and rebate some of it back for big savers. Am I missing something?

Peoples pension ad stating "most pensions pay them [fat cats]/people's pension pays you."

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Dr Eleanor Janega @goingmedieval.bsky.social · 20/01/2026

Zohran CLAIMS to be a socialist, and yet he keeps doing things that I can only categorise as 'king shit'. INTERESTING.

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 12/01/2026

I made a new year's resolution to start writing this year and take part in the conversations happening around me - here's a first step! open.substack.com/pub/lucasber...

open.substack.com

Writing, publishing, and late-medieval Bohemia

A creative endeavour and a specific project

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Mayor of London, Sadiq Khan @london.gov.uk · 11/01/2026

David Bowie’s childhood home in south‑east London is to open as a new immersive experience. Following the success of the David Bowie Centre at the V&A East Storehouse, it’s a great opportunity to share his story and inspire a new generation.

bbc.co.uk

David Bowie's London childhood home set to open to the public

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 08/01/2026

This seems a rather terrifying escalation of fascistic rhetoric when it concerns the shooting and death of an innocent woman. There seems to be nothing ICE could do they would condemn or confront.

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George Monbiot @georgemonbiot.bsky.social · 07/01/2026

If the Palestine Action hunger strikers die - which they could do at any moment, as they are now very close to the end - it will be the government that killed them. Today’s column explains why. Please share, and write urgently to your MP. www.theguardian.com/commentisfre...

theguardian.com

Let’s be clear: if the Palestine Action hunger strikers die, the government will bear moral responsibility | George Monbiot

The three remaining hunger strikers have been convicted of nothing. Yet with astonishing cruelty, ministers refuse to listen to their reasonable demands, says Guardian columnist George Monbiot

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Left Outside @leftoutside.bsky.social · 06/01/2026

FYI the woman that helped invent this plug? Total legend. en.wikipedia.org/wiki/Carolin...

en.wikipedia.org

Caroline Haslett - Wikipedia

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Nathan @nwylabour.bsky.social · 10/12/2025

I mean, no normal person says 'I want more social liberalism'. What normal people *do* say is 'I/my family/my friends don't feel safe or welcome in this country anymore'.

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Maria Sobolewska @profsob.bsky.social · 03/12/2025

If it were steel works we would have a government bailout plan, yet losing thousands of jobs at unis is met with a shrug. & unlike steelworks universities were profitable when they had foreign students. You are killing the golden goose… one of our best exports… HOW IS THIS HELPING GROWTH?!

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Robert Saunders @robertsaunders.bsky.social · 29/11/2025

I was teaching a class yesterday on the 1984-85 miners' strike. Here's an extract from Kinnock's speech to the 1984 Labour Conference. Whether you agree with him or not, it's a sustained argument for the parliamentary road to socialism. Now we get single-sentence paragraphs on "national renewal".

"We see unjust laws - laws which are nothing more than prejudice made statute. And every fibre rages against the injustice and the waste of all that. And we ask ourselves: what we can do about it? For socialists that is the question of the ages - because it is in our very nature, in our conviction, that we want to do something. It was a question faced by our move¬ment in the 1930s; and they came back with the answer that the democratic road was the only route for British socialism. All other options, they said, were closed since socialism by insurrec¬tion was pure fantasy, and socialism without the ballot box would simply never secure the support and understanding of the British people. They were right. (Applause) They were right in times even more dangerous than ours, when fascism was pressing at every gate of liberty. Democracy is the first premise of our socialism; it is a matter of principle, not of convenience; it is a matter of commonsense, not of tactics.
We are not being smug and cosy, and giving in for the duration of the Tory government, when we hold to our belief in democracy. We are upholding the only system which can give us power; the only system that we want to give us power; and the only system that we are prepared to wield when we have that power. Democracy is our cause at all times and in every respect. (Applause) That is not a call to wait in idleness; it is not a call to relax until the election comes along. On the absolute contrary, it is a call to action - action to articulate and publicise the complaint of the people, for if they cry quietly, they will cry alone; action to break through the indifference to the scandals of social deprivation and industrial destruction in this country; action to pressure ministers and promote concessions; action to rouse and rally and resist; action to pro¬tect and promote the interest of the people that we are in politics to help; action that is continual; action that recruits and mobilises new people in our ca…

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Will Stancil @whstancil.bsky.social · 28/11/2025

Also recognize that this unambiguous use of the military to commit murder of helpless noncombatants as they fought for life is a direct reflection of the virulent white supremacy that has seized our government, where every Latino man is a gangbanger in a de facto state of war against White America

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Lucas Bertholdi-Saad @lucasbsaad.bsky.social · 28/11/2025

This is just shameful and disgusting - a homeless 8 year old denied joining her parents in the UK - her father is a British citizen!

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Mayor of London, Sadiq Khan @london.gov.uk · 24/11/2025

They can't all be wrong 🤷🏽‍♂️

Graphic featuring the following information:

London is #1

#1 Best city in the world (Resonance consultancy, IPSOS)
#1 Top travel destination in the world (TripAdvisor)
#1 Capital of music in the world (Seatpick, Timeout)
#1 Nightlife in Europe (Resonance Consultancy, IPSOS)
#1 Most romantic city in the world (Pourmoi, Secret London)
#1 Most prosperous city in the world (Resonance Consultancy, IPSOS)
#1 Most written about city in the world (Aura Print, Secret London)
#1 Most searched-for holiday destination (eDreams, ODIGEO, Secret London)

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