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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Scott MacFarlane @macfarlanenews.bsky.social · 29/09/2026

Jack Smith: “We had proof beyond a reasonable doubt that President Trump committed serious crimes”

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Niall Harbison @niallharbison.bsky.social · 22/09/2026

The running was one thing but the 48 guys and girls out there in the Thai heat building Tina's hospital are working just as hard. And none of this would be possible without the money donated from around the world. She's coming along nicely now ❤️

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Anne Applebaum @anneapplebaum.wsocial.eu · 14/09/2026

Your regular reminder: If the Russians stop fighting, the war ends. If the Ukrainians stop fighting, their land will be occupied, their leaders will be killed, their history and language will be erased, their children will be kidnapped to serve Russia.

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Niall Harbison @niallharbison.bsky.social · 13/09/2026

Europe is now asleep. 🇺🇸 America and rest of world we need your help! I am currently 50km into the 120km run to raise money for Tina’s hospital. You can donate here 🙏 www.happydoggo.com/tinas-hospit...

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Niall Harbison @niallharbison.bsky.social · 11/09/2026

This time tomorrow I’ll start trying to run 3 marathons in 24 hours. It’s all to build a hospital for street dogs. If you would like to support me you can sponsor me here… www.happydoggo.com/tinas-hospit...

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The Volatile Mermaid @ohnoshetwitnt.bsky.social · 01/09/2026

Can’t afford groceries? No problem! It’s not safe to consume them anyway!

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Chris Murphy @chrismurphyct.bsky.social · 26/08/2026

This morning in Danbury, ICE was arresting parents at school bus stops. But it’s more sinister. ICE waited until the kids were on the bus so when they are dropped off at the end of the day, they are alone, scared to death they can’t find their parents. I’m heading to Danbury.

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FT @fucktheory.bsky.social · 25/08/2026

Imagine being talented and beautiful and rich and famous and still the most noteworthy thing about you is how good a person you are.

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womensartbluesky.bsky.social @womensartbluesky.bsky.social · 25/08/2026

Dolly Rebecca Parton RIP, ❤️ US singer, songwriter, multi-instrumentalist, actress, author, businesswoman and humanitarian #WomensArt

Monochrome photograph feating a white woman in a doorway with raised leg holding an acoustic guitar, smiling

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Tim Dickinson @timdickinson.bsky.social · 15/08/2026

we're at the "they're arming unaccountable masked men with electric torture gloves" stage of fascism

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Abdul El-Sayed @abdulelsayed.bsky.social · 12/08/2026

I proudly endorse this message from my grandparents ❤️

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SARS‑CoV‑2 (COVID-19) @covid19disease.bsky.social · 01/08/2026

🚨 After 40 years of research, Brazilian scientist Dr. Mariangela Hungria wins the World Food Prize for pioneering a $2 nitrogen-fixing bacteria treatment that replaces costly fertilizers, saves farmers $25 billion annually, and cuts 230 million tons of CO₂ emissions.

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Judd Legum @juddlegum.bsky.social · 27/07/2026

2. Amazon and Walmart are two of the largest and most profitable companies in the country — collectively generating $100 billion in profits in 2025 — but many of their employees still qualify for Medicaid because their take-home pay hovers around (or below) the poverty line.

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The Tennessee Holler @thetnholler.bsky.social · 20/07/2026

“The moral of the story is Stephen Miller is a terrible neighbor, on a mission to take away our first amendment rights.” From @FriendsofUSAID: www.instagram.com/reel/Da_jjeu...

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Marc Elias @marcelias.bsky.social · 13/07/2026

Many of you are asking how you can help me. My only ask is this: Spread the word about the threats to democracy and how we can fight back. Tell everyone to subscribe to Democracy Docket and share its content. Thanks. bit.ly/4qmEiFz

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Barack Obama @barackobama.bsky.social · 18/06/2026

To George and Laura, Bill and Hillary — we're grateful for your friendship, counsel, and devotion to this country. And to Joe and Jill, thank you for being on this journey with us.

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Mr. Cait @chas.bsky.social · 06/06/2026

Remember how you used to just know everyone’s phone number? Then cell phones came out and you could barely recite your own number? That’s what AI’s endgame is but for every aspect of your life.

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womensartbluesky.bsky.social @womensartbluesky.bsky.social · 04/06/2026

Marjane Satrapi (1969-2026), the French-Iranian author and illustrator behind the popular graphic novel series and film “Persopolis,” RIP 🙏

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Heather Cox Richardson (TDPR) @hcrichardson.bsky.social · 25/05/2026

It's the anniversary of the meeting of Constitutional Convention:

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Joe Dator @joedator.bsky.social · 22/05/2026

Today's Daily Cartoon for @newyorker.com by Kevin Maher and me.

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marynm. @marynm.bsky.social · 22/05/2026

Make it stop 😵‍💫

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Sean Hecker @sean-hecker.bsky.social · 22/05/2026

We are going to savor this one. Our client, Kilmar Abrego Garcia, is freed of these outrageous, vindictive charges. It’s a good day.

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Kyle Griffin @kylegriffin1.bsky.social · 22/05/2026

Reuters: U.S. JUDGE DISMISSES INDICTMENT AGAINST SALVADORAN MIGRANT KILMAR ABREGO GARCIA - COURT FILING

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MeidasTouch @meidastouch.com · 06/05/2026

NEWS: The Epstein files are now bound into 3,437 physical volumes in a new exhibition space in Tribeca. Millions of pages. Two stories tall. And yet only two people have ever faced accountability. Katie Phang discusses the rage she felt walking through the space.

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Rep. Melanie Stansbury (NM-01) @repstansbury.bsky.social · 26/04/2026

Today, we honor and remember Virginia Roberts Giuffre on the one-year anniversary of her passing. Her courage has allowed countless survivors to be seen, heard, and to be believed. Sending love to her family on this difficult day—and to all the survivors out there still on this journey for justice.❤️

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Fred Guttenberg @fredguttenberg.bsky.social · 26/04/2026

If you were horrified watching elected leaders run & scramble because of gun violence, just imagine how my daughter Jaime felt in school running from an active shooter before she was killed. Now, become a part of the solution & only vote for people determined to address gun violence in America.

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Kyle Griffin @kylegriffin1.bsky.social · 22/04/2026

BREAKING: WASHINGTON (AP) — Virginia voters approve new US House districts that could aid Democrats in midterm elections.

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Koreen Brennan @koreen.bsky.social · 15/04/2026

France passed a law requiring solar panels on every parking lot with more than 80 spaces. Equals 10 nuclear reactors Reduces heat island, shades cars The US -- 800 million parking spaces. Most of them are uncovered asphalt sitting in direct sunlight. Why aren't we doing this?

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Scott MacFarlane @macfarlanenews.bsky.social · 23/03/2026

ALERT: Professional news. Nine days after leaving CBS, I have found a new professional home: Chief Washington Correspondent and Anchor for @meidastouch.com

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Christopher Webb @cwebbonline.com · 13/03/2026

Folks, 📅 2026 primaries are coming up fast. Check your state’s date. Make sure you’re registered. Make a plan to vote. Too much is riding on people sitting this one out. Stay ready so nobody decides the future for you. iwillvote.com

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Mad Scholar Frights @mattzollerseitz.bsky.social · 08/03/2026

THREAD: I got laid off from NYMag/Vulture after 14 years. The family lost 75% of income + medical. Now mzs.press bookstore, once a side project. is do-or-die for Judith & I. I feel weird telling you this because others are doing much worse. But if you could like or share this, we'd be so grateful!

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Scott Horton @robertscotthorton.bsky.social · 19/02/2026

DHS successfully—until now—covered up the murder of a third US citizen on Texas' Padre Island, the sort of thing that can only happen in GOP-ruled Texas. ICE agents shot and killed Ruben Ray Martinez, 23, last year, but DHS covered up the whole incident, Newsweek reports.

newsweek.com

Third American death linked to ice uncovered by Newsweek

While the 23-year-old's death was reported in March 2025, it was not made clear that a federal agent fired the fatal shot.

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Rabbi Danya Ruttenberg @theradr.bsky.social · 17/02/2026

Your regular reminder that what people look like, their hair is like, their clothes are like, is not the point. We are here to call people to account for what they do and say. That is what matters. We are here to fight for the dignity of every single human being. Pursue justice justly.

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womensartbluesky.bsky.social @womensartbluesky.bsky.social · 15/02/2026

'Storm light' by UK contemporary printmaker Mikki Bowers #WomensArt

Print featuring the silhouette of a bare hedgerow under a purple sky filled with birds flying in group formation

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Chris Murphy @chrismurphyct.bsky.social · 08/02/2026

Good morning. The President of the United States was in the middle of the most serious child sex trafficking ring of the last quarter century. He is referenced not a dozen times in the case files. Not 100 times. Not 1,000 times. He’s referenced 38,000 times.

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Jeff Rueter @jeffrueter.bsky.social · 25/01/2026

Kare 11 local news just read, in full, this statement from Michael and Susan Pretti, the parents of Alex Pretti. "Please get the truth out about our son."

Statement from Michael and Susan Pretti
Parents of Alex Jeffrey Pretti

“We are heartbroken but also very angry.

Alex was a kindhearted soul who cared deeply for his family and friends and also the American veterans whom he cared for as an ICU nurse at the Minneapolis VA hospital. Alex wanted to make a difference in this world. Unfortunately, he will not be with us to see his impact.

I do not throw around the ‘hero’ term lightly. However, his last thought and act was to protect a woman. The sickening lies told about our son by the administration are reprehensible and disgusting. Alex is clearly not holding a gun when attacked by Trump’s murdering and cowardly ICE thugs. He had his phone in his right hand and his empty left hand is raised above his head while trying to protect the woman ICE just pushed down, all while being pepper sprayed.

Please get the truth out about our son. He was a good man. Thank you.

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The Public Domain Review @publicdomainrev.bsky.social · 08/01/2025

🥁 Announcing the Public Domain Image Archive! 🥁 We are v excited to share our new sister-project, the Public Domain Image Archive (PDIA), a curated collection of 10k+ out-of-copyright historical images, all free to explore and reuse: pdimagearchive.org @pdimagearchive

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Kyle Griffin @kylegriffin1.bsky.social · 16/01/2026

Minnesota Star Tribune Editorial Board: Minnesota is under siege. This cannot stand. "ICE presence has disrupted all aspects of life in Minnesota, and led tragically to the death of Renee Good. It’s the outcome of government overreach that favors force over legitimacy."

startribune.com

Editorial | Minnesota is under siege. This cannot stand.

"What we are witnessing is the storming of the state by the federal government," the Editorial Board writes.

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