iiinova — where your digital self keeps evolving

It's better to be thought of as a fool, than to open your mouth and remove all doubt.

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Jake Grumbach @jakemgrumbach.bsky.social · 17h

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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The Mouthy Renegade Writer @mouthyrenegade.bsky.social · 7h

I'll be tuning in for THAT. How about you?

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conifergirl.bsky.social @conifergirl.bsky.social · 19h

Get the American Gestapo off our streets. Shut ICE down! Shut down the concentration camps! The only chance we have to remove them both is to VOTE BLUE in massive numbers

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 14h

We are sanctioning the ICC because we are a country that commits war crimes. We are buying diesel from Russia to fund Putin’s war machine because we are a country that likes *other* countries that commit war crimes.

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Newshound411 @newshound411.bsky.social · 08/10/2026

👇 👇 👇 👇

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pacneil @pacneil.bsky.social · 10h

After he's tried for Treason, I want him an the rest of the traitors in this regime hung in the public square. Hegseth is setting a precedent when he live streams the execution of Nidal Hasan, then we should be able to live stream the execution of these traitors. Careful what you plan.

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conifergirl.bsky.social @conifergirl.bsky.social · 21h

Release ALL the Epstein files NOW!

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AW Sylwester @aw-sylwester.bsky.social · 19h

THIS IS WHAT TODAY'S GOP ENABLES. Even now, we cannot expect a single Republican to do anything to prevent it. Our only way to avoid this future is to vote ALL Republicans out of office, so they can no longer slavishly empower a madman.

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Laura Bassett @lebassett.bsky.social · 09/10/2026

“If you don’t like public executions just don’t watch it” says the crowd trying to ban drag shows and books

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𝕊𝕦𝕟𝕕𝕒𝕖 𝔾𝕦𝕣𝕝 @sundaedivine.lol · 20h

Hegseth is going to execute Nidal Hasan with a firing squad while he’s sitting in his wheelchair and televise it live. MAGA is salivating.

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Kodiak149 @kodiak149.bsky.social · 07/10/2026

Just a reminder

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M Meerkat @kackbro.bsky.social · 22h

What Say You, MAGA.......?

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The Wolfpack @wolfpack11720.bsky.social · 09/10/2026

"We must not tolerate oppressive government or industrial oligarchy in the form of monopolies and cartels." ~ Henry A. Wallace @bagleycartoons.bsky.social

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Brant Reeves @bireeves95.bsky.social · 09/10/2026

Melanie is Right, don’t bother with Bezos….

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pacneil @pacneil.bsky.social · 09/10/2026

👍👍👍👍👍👍

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pacneil @pacneil.bsky.social · 09/10/2026

I could listen to this a hundred times, and probably have

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 08/10/2026

I note how Christian Nationalists, who think the public execution of Jesus was the most horrific thing humans ever did, are giddy at the prospect of getting to watch a public execution on live streaming—being so “pro-life” and all . . .

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