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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Will Reid-Tong @willthong.com · 11/10/2026

Rancid. We're turning away the world's best and forcing them back into danger just to satisfy fascist skinheads and small-minded racist grandmas who were never going to vote Labour anyway.

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Spelling Mistakes Cost Lives @darrencullen.bsky.social · 10/10/2026

Speaking of, how come you're appearing on Nick Cohen's podcast after he was forced to quit the Observer for sexual abuse and harassment of your colleagues?

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Will Weldon @oldmanweldon.bsky.social · 10/10/2026

Top ten most foreboding sentence I've ever read.

She had bought raw goat milk from a farm recommended to her in a Facebook group run by her chiropractor

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Sam Whyte @samwhyte.bsky.social · 10/10/2026

There are more Ketchup sachets than nurses. More operational Furbies than professors of human geography. More dogs named "Digger" than people licensed to operate a JCB. And you ask why people are turning to Reform?

telegraph headline: ADHD benefits claiments outnumber soldiers.

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Cats of Yore @catsofyore.bsky.social · 10/10/2026

Imagine how pleased he was to have a photo of himself with the babby. From a glass plate negative in my collection, no date/info.

black and white photo of an older couple sitting in wooden chairs on the porch of a house. The man is holding a shorthaired white cat with dark spots in his lap. They are dressed in early 20th century clothing.

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Right Wing Watch @rightwingwatch.bsky.social · 09/10/2026

As we were saying ...

Tweet from Robert Jeffress:

I support the Pentagon’s decision to livestream the execution of mass-murderer Nidal Hassan.

Capital punishment is commanded by God in Genesis 9:6 to remind people of the sanctity of human life. The more people that can see that truth illustrated through a public execution, the better.

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👻 🎃 🦇 Boola Lughosti's Dad 🏳️‍⚧️ 🇵🇸 @belalugosisdad.bsky.social · 09/10/2026

Bristol Rises' far right "protest" has resulted in the postponement of the annual Shine Night Walk, a women-led charity event that raises money for Camcer Research, with a day's notice. Avon & Somerset Police are more willing to facilitate a dozen fascists than 2k+ women raising money for charity.

bristolpost.co.uk

Far-right protest postpones annual cancer charity walk

Those taking part have been left furious at being given a day's notice

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Mark Grimshaw @markgrimshawtism.bsky.social · 09/10/2026

A fascinating editorial decision from the BBC, to make the headline a scaremongering “AUTISM AND ADHD ARE BEING OVERDIAGNOSED”, and then, four bullet points later, have the author of the report quoted as essentially saying “nah, that’s bullshit, actually”.

ADHD and autism at risk of over-diagnosis, says report, as author warns of rise in mental ill health
Summary
• An official review in England finds there is a risk of people being over-diagnosed with
ADHD and autism - three key findings from the report
• As well as neurodevelopmental conditions, the review looks at mental ill health, particularly in younger people. Our health correspondent explains the difference
• It was commissioned earlier this year after Wes Streeting, then the health secretary, said there was an "over-diagnosis" of mental health conditions
• Speaking to Radio 4's Today programme earlier, review chair Prof Peter Fonagy said Streeting was "with respect, completely wrong"

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Patrick @patrickisdead.bsky.social · 09/10/2026

You should see the race they used to do on skeggy beach. Absolute carnage.

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Saul Staniforth @saulstaniforth.bsky.social · 09/10/2026

Phillipson says the difference between Labour & the Greens is Lab deliver. And you know what policy she cites? Scrapping the two child benefit cap. Something they suspended seven Lab MPs for voting for, refused to do for almost 2yrs & had to be dragged kicking & screaming to do

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Alice Bell @abeewords.bsky.social · 08/10/2026

Every time you see someone complaining about taxes on second homes they are one of the most taxable looking people alive

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Philippe Auclair @philippeauclair.bsky.social · 08/10/2026

Meanwhile, Fifa readies to welcome Russia's official team at the Under-15 World Cup which starts on 22 October in Azerbaijan, the first step towards full reintegration in Infantino's "football family". Many countries are boycotting the event. England, Scotland, Wales and Northern Ireland are not.

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Patrick @patrickisdead.bsky.social · 07/10/2026

It's so sodding long. No way does that fit in a parking space.

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No Score Draws ✍🏻⚽ @noscoredraws.com · 06/10/2026

Next Portugal presser

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Marie Gardiner @mariegardiner.bsky.social · 05/10/2026

Awful coverage of Jeffrey Archer's death on the BBC. First apparently he's the author of 380 million books... that's prolific. Second, he died in between writing sessions. Are you sure about that; *between*? He wrote, died, then got up and wrote a bit more did he?

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Patrick @patrickisdead.bsky.social · 02/10/2026

Reece Shearsmith would be a good Corrie villain.

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Joshua Foust 🪖🎮 @joshuafoust.com · 01/10/2026

It is enormously frustrating that we have the ability right now to drop global HIV transmission to 0, effectively eliminating it as a disease, and we just… don’t.

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Patrick @patrickisdead.bsky.social · 29/09/2026

I wish we had more of this guy on DS9.

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Robert Dallas Gray @robertdallasgray.com · 29/09/2026

it’s so tragically hilarious that this dithering shell of a man is regarded in his own party as excessively left-wing

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Lane Moore @hellolanemoore.bsky.social · 27/09/2026

"Everyone thought my pervert glasses were rapey, so I made an equally perverted ~animal necklace~ that secretly films women, so people can still be rapey, but even more covertly! I could do anything with my life and I do THIS!"

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Alasdair Mackenzie @alasdairmackenzie.bsky.social · 27/09/2026

Condemnation is pure hot air if in the next breath you’re telling everyone you’re doing your best to give the fascists what they want, just without the masks

In fact, these are scenes we have not seen on British streets. Immigration needs to be deal with, I will be the first to say that and we are dealing with it. The boat crossings have been halved since six years ago, net migration is down massively.

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flyingrodent @flyingrodent.bsky.social · 26/09/2026

They said a British FOX News could never work but sadly, it works just fine if they take e.g. the print media’s fifteen-year hate campaign of creating panics about ethnic minorities and migrants as an orc horde of rapey sex offenders, and turn it up to eleven.

Mukhtar
@I_amMukhtar. 9h
Someone on GB News called for all migrants to be castrated.

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No Score Draws ✍🏻⚽ @noscoredraws.com · 25/09/2026

If I was Manchester City I would simply not have committed a vast litany of financial crimes 💅

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Steve Chambers @planningtransport.co.uk · 25/09/2026

Well this has been in the works for a long time. Might have happened a decade ago if a clause hadn't been added to the 2017 buses act to preserve the legacy of Thatcher. www.standard.co.uk/news/london/...

standard.co.uk

Sadiq Khan puts London buses back into public ownership for first time in 30 years

Buses for London will first run services on Route 6 between Victoria Station and Willesden and may be rolled out across the capital

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Jim Trinca @jimtrinca.bsky.social · 25/09/2026

Huang not knowing his own address isn't anything to do with AI brainpoisoning, it's classic Rich Guy nonsense: the same thing as Christopher Nolan not using email or owning a smartphone. Detachment from the realities of normal human life because someone wipes their arses for them.

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👻BOOryan BlessDeAd🎃 @bryb.bsky.social · 25/09/2026

A spokesman for Beckham stressed that this would not in any way dissuade him from continuing doing adverts for literally any old shite whatsoever.

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chiller @chiller.eurosky.social · 25/09/2026

USA is a pro rapist society.

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Becca Harrison @beccaeharrison.bsky.social · 25/09/2026

If I were running a university where staff spent weeks and weeks of time putting grant proposals together only for UKRI to feed them into LLMs without informed consent—effectively theft of the time and work—I’d be taking serious action to defend those staff. But I’m not running a university, so

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Patrick @patrickisdead.bsky.social · 25/09/2026

Booking dot com seem to have an almost regular spot on the guardians consumer champions weekly column. They're always trying to fuck someone over

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Whitney Curry Wimbish @whitneycwimbish.bsky.social · 24/09/2026

The youngest person his pager attack killed was 9-year-old Fatima Abdullah, who had just started 4th grade. The pager was on a table when it went off and she picked it up to take to her dad. It exploded in her face and reports said it covered the room in her blood. She wanted to learn English.

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Richie Morgan @wretchedmorgan.bsky.social · 24/09/2026

Just got served up a listing for an AI Filmmaker job and it’s surely some kind of doubling down keeping this notion of AI filmmaking in a professional environment alive, cos all I can see is something that is, apart from anything else, going to erode your customer base’s trust extremely fast.

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Patrick @patrickisdead.bsky.social · 24/09/2026

Think I got picked for discus too and fouled every one of my throws.

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Patrick @patrickisdead.bsky.social · 24/09/2026

I remember getting picked to do javelin at the annual King George sports event thing during a hastily organised 'Who can throw one of these the furthest' sessions in P.E. I think it was about lunchtime on the day until someone told me there was no javelin event.

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Nate Bethea @inthesedeserts.bsky.social · 23/09/2026

i will forever remain grateful for the guy on twitter who shared the story of how he saw James Woods mouth off racistly to a bouncer at a bar in Provincetown(?) and get knocked out, after which time people also stole his shoes. For a brief moment there was harmony in the world

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Michael @michaeljsc.bsky.social · 23/09/2026

they should study him in a lab. I don’t think I could write this badly on purpose. still, glad this has higher billing than coverage of last night’s far right escalation

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Ibster @ibster.bsky.social · 22/09/2026

Every single element of that Daily Mail front page is fucking repellant. From the concern trolling crap about Cindy Crawford son, to the intentional juxtaposition of the small boats story next to pictures of stoned faced Nadiya making Ed Sheeran cry. Absolutely appalling stuff.

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I Scare You Like Sound Dog @chadstanton.blacksky.app · 22/09/2026

The outright refusal to treat white supremacy as an ideology which motivates action and treat it as generally objectionable is what allows this strategy to be viable for Elon Musk.

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Charlotte Lydia Riley @lottelydia.bsky.social · 22/09/2026

literally thousands of jobs in higher education were cut *last year alone* and there's been almost no media coverage and no government action

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Patrick @patrickisdead.bsky.social · 22/09/2026

I hope each leg committed a different crime.

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Spelling Mistakes Cost Lives @darrencullen.bsky.social · 21/09/2026

Golf Cart One (2026) - my new sculpture at the @lucasmuseum.bsky.social in LA. A life-sized, cast-aluminium, militarised presidential golf cart, commissioned for the museum by George Lucas and based on a 1:12 scale model version I made back in 2017.

Photo in the museum of the golf cart covered in an absurd amount of weapons, including a nuclear missile, artillery, mini guns and a machine gun on the roof, on a golf green base with a US flag sticking out the golf hole and a putting golf club bent in half on the ground

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