iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 12h

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 Bort @paulbort.bsky.social · 17h

At first glance I thought he was wearing a keffiyeh. I think I need more coffee.

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Prisonculture @prisonculture.bsky.social · 09/10/2026

this country will not be transformed without addressing policing, prisons, surveillance and militarism. Sorry. Cannot get around it. The carceral socialists may make incremental progress but they will ALWAYS come up against state violence.

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Walker Bragman @walkerbragman.bsky.social · 09/10/2026

The conservative movement has been a cancer, eating away at our country for decades. It’s time to surgically excise it.

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Kat Tenbarge @kattenbarge.bsky.social · 08/10/2026

Anthropic banning “abusive or cruel behavior” toward Claude in its new usage policies is proof to me that tech companies are going to moderate violence against AI before they ever moderate violence against women and minorities

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Allison Gill @muellershewrote.com · 09/10/2026

(DHS should be dismantled. TSA and the Coast Guard go back to DoT, FEMA returns to a stand-alone cabinet-level agency, while CISA and USSS move to DoJ, and INS (immigration, customs, naturalization, border) go back to the Department of Labor or DoJ).

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Paul Bort @paulbort.bsky.social · 19h

It's theater. They were designed to convey boniness to the player. Practicality, evolution, and biomechanics were not invited to the table. (P.S. Sorry if I just explained the joke.)

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Katiesaurus @katiesaurusseven.bsky.social · 08/10/2026

with alt text so we can share

A four frame drawing of an older, grey haired woman in a yellow shirt talking to a younger, brunette woman with glasses in a green shirt.

The older woman says, "All this Jane Doe, Cornell stuff is totally overblown. It's so silly!" and she continues, "If that's what they call rape now then I guess my friends and I have all been raped, too!"

There is a moment where neither woman speaks, then the younger woman places her hand on the older woman's shoulder, with a look of compassion.

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Brandon Friedman @brandonfriedman.bsky.social · 09/10/2026

To every politician in New York: Do not tell the protesters to behave peacefully. Do not tell the protesters to disperse and go home. Instead, tell ICE to behave peacefully. Tell ICE to disperse and go home. Side with your constituents, not the Trump administration.

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Paul Bort @paulbort.bsky.social · 19h

Highly recommended! Much better than sand, which gets everywhere.

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Anna Vangala Jones @anniejowrites.bsky.social · 02/09/2026

writing tip: when in doubt, read

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Goldstein (still not a pseudonym) @goldstein.latinsky.app · 08/10/2026

The single thread connecting every single rival or enemy that America has is that the country, whatever size it is, refuses to allow the US' billionaires to do whatever they want to their country. That is it. No other political ideology besides a resolute commitment to their own national sovereignty

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PJ Coffey - They/Them @homebrewandhacking@mastodon.ie @homebrewandhacking.bsky.social · 08/10/2026

Bit of a tangent to the great thread but Patriarchy really does mess up men as well. Stripping themselves of pride in their work and duty and becoming inadequate and unskilled grunters focused on performance of gender rather than The Work.

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Chanda Prescod-Weinstein 🌌 @chanda.blacksky.app · 08/10/2026

You guys fantasize, a lot, about not having to pay for labor or be responsible for treating the labor source with dignity. So much of GenAI discourse is about a desire for ethical enslavement. And that does not exist.

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Paul Bort @paulbort.bsky.social · 08/10/2026

It should have been instantly disqualifying. But the racists, misogynists, grifters and pedophiles love him.

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Paul Bort @paulbort.bsky.social · 08/10/2026

Engineering (to me) is "design within constraints". Human safety, budget, time, hardware limitations are all constraints. Dudebros don't like being constrained, it's too much like consideration for others. They write code instead of engineering software.

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Mallory Moore @sexabolition.blog · 08/10/2026

Seeing people joke about software engineering in the wake of Margaret Hamilton's death. Obviously there's a difference between what's largely euphemised as software engineering presently and the discipline she strove to create.

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Mignon Fogarty @grammargirl.bsky.social · 08/10/2026

Just got a mass email from our bank that essentially says, "If you give your username and password to an AI agent, you're on your own." You've. Been. Warned. 🤣

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J.A. Killingsound @kislingconnection.bsky.social · 08/10/2026

Folks, I know times are tough, but remember to put some money aside for when it happens, because even if you don't take off work to celebrate, you're going to have to account for buying drinks for everybody. Don't assume it will all be on the house. Start planning now.

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David Roberts @volts.wtf · 08/10/2026

MeToo went about 1% as far as it should have gone.

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Joey McAllister @joeymcallister.com · 08/10/2026

They should make a statue of her standing next to the Apollo code and put a copy at every NASA site.

Margaret Hamilton stands next to a printed stack of paper with all the code that took the Apollo astronauts to the moon.

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Dave Against The Machine🏴 @johnbrownbread.bsky.social · 08/10/2026

republicans want to murder millions of americans, and they are lead by the president of the united states. for the good of humanity, we must acknowledge that we cannot coexist with such people

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No War But Class War @deliberatelyobtuse.bsky.social · 08/10/2026

I guess every 160 years or so we have to mow the grass and get rid of a few hundred thousand Confederate-ass motherfuckers

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Krystal Kavita Jagoo, MSW (She/Her/Hers) 🇹🇹👊🏽✍️🏾♊️♊️♏️ @equitableforall.com · 07/10/2026

Some know I refuse to use the term, "terf" as that feels like condoning that one can be trans-exclusionary as a feminist, which is fuckery, so I really appreciated Marlon James' "fart" acronym for Feminist Assuming Radical Transphobe, which I will most certainly be using generously in the future!🤣🤣🤣

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 07/10/2026

The Trump regime wants to dismantle the International Criminal Court because it plans to continue committing war crimes. The Trump regime is refusing to allow international election monitors because it plans to continue committing election fraud. They are not being subtle.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 07/10/2026

The United States Explained in Three Simple Words: "Follow the money."

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Bookshop.org @bookshop.org · 07/10/2026

Having trouble deciding which books to buy from Amazon during Prime Days? Try this: None, then go support an independent bookstore instead. 😌

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purr.in.ink @purrinink.bsky.social · 07/10/2026

🐾🐾🤍..

A fluffy black cat with large white eyes lies on its side on green grass beneath a textured sky fading from blue to pale pink. White handwritten text reads: “Maybe sometimes you want to do everything so badly that you end up doing nothing at all. That’s okay. Maybe you’re more tired than you realise. I just hope you know that taking care of yourself counts as doing something, too.”

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Paul Bort @paulbort.bsky.social · 07/10/2026

Battlefield Band covered the song Kiss (Prince & The Revolution) live back in the day. So much fun to hear it with bagpipes!

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Paul Bort @paulbort.bsky.social · 07/10/2026

Always be suspicious when it works the first time. Always.

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onion person @junlper.beer · 06/10/2026

one of the deepest sicknesses in the world are the people who feel personally attacked over other people getting the same rights as them

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Catherynne M. Valente @catvalente.bsky.social · 05/10/2026

I don’t care where you started out on the political spectrum If your kid comes out as trans & you don’t become a rainbow-clad, parade-cheering ally & rock-solid supportive girl/boy/enby dad/mom? You were never a parent at all You were a doll collector furious they didn’t stay in their packaging.

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Dr Abeba Birhane @abeba.blacksky.app · 07/10/2026

you don’t hold "AI" accountable; you hold AI developers, vendors, and corporations that profit off it accountable holding "AI accountable" is like holding a toaster accountable. it's an inanimate object. it doesn't have wishes, feelings, or desires

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Paul Bort @paulbort.bsky.social · 07/10/2026

I would love to hear a lecture like that on Gödel.

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Maladroithe @maladroithe.bsky.social · 07/10/2026

“Lin Manuel Miranda is the new Homer” is an uncomfortable truth I’m afraid we must bear

punkrorschach
Follow
i'm still mad about that post thats like "humans
USED to be able to memorize long epic poems, but we no longer have Bards so our memories arent as good" boy shut the fuck up. a good chunk of people i went to high school with had the entirety of hamilton memorized for fun and they weren't even autistic.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 06/10/2026

Mike Johnson is not a trustworthy negotiating partner. He lies as part of his religion.

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Mrs. Betty Bowers @mrsbettybowers.bsky.social · 06/10/2026

You may be the hackiest reporter in a world of hacky reporters if you state a fact and then tell viewers "you can see if that's true or not." It's your *job* to know if what you just said is true or not. This is not acceptable cover for a lie.

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Amaranth M @jazzelves.bsky.social · 06/10/2026

HAPPY ARTISTS DO BETTER WORK

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Dr Dean Burnett @drdeanburnett.bsky.social · 06/10/2026

"By using AI, tasks like essays that used to take hours can be completed in minutes!" Sure, like how if I arrive at the gym and immediately go for a shower, my workout is done in record time. And if I throw my sandwiches straight in the bin, I can finish my lunch in under 10 seconds.

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troyliss @troyliss.bsky.social · 07/10/2026

It seems like the big tech innovation of the 21st century has been “breaking the law.” Uber=violating taxi regulations AirBnB=violating hospitality and zoning regulations AI=mass IP theft turned into automated crime at scale

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Paul Bort @paulbort.bsky.social · 07/10/2026

It's called Rastafarianism, maybe you've herbed of it?

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Paul Bort @paulbort.bsky.social · 07/10/2026

It's called the Rockwell scale, maybe you've hard of it

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Dr. Todd Arrington @btarrington.bsky.social · 07/10/2026

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” ~President Franklin D. Roosevelt, 1936. Image: Universal History Archive/Getty Images.

This black and white photo shows a clean-shaven man, President Franklin D. Roosevelt, sitting at a desk and wearing a suit. He holds a paper in his right hand and appears to be speaking into a microphone that sits on the desk.

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nico @nicodelort.bsky.social · 05/10/2026

i dont want to download an app i don't want a qr code menu i dont want to talk to an ai assistant i dont want ai summaries for my searches i dont want to optimize my workflow i dont want to jump on a call i dont want to rate anything i don't want to create an account LEAVEME ADLONEe

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Jessica Price @delafina777.bsky.social · 05/10/2026

This should be so obvious that it doesn’t need to be said, but given what kind of weekend it’s been on here, apparently it does: If you don’t want old rapists running the world, in office, in the board room, making decisions for all of us get comfortable with “ruining” young rapists’ lives

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Paul Bort @paulbort.bsky.social · 06/10/2026

The Tesla semi was vaporware.

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