iiinova — where your digital self keeps evolving

Reposted by @piccatarata.bsky.social

Jake Grumbach @jakemgrumbach.bsky.social · 16h

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,…

8882563538

piccatarata.bsky.social @piccatarata.bsky.social · 08/10/2026

So, you don’t have a clue what it is and are just making stuff up now? I see.

010

piccatarata.bsky.social @piccatarata.bsky.social · 06/10/2026

This is the flip side of men who say, “I couldn’t have raped her—she’s not attractive enough.” Ugly people get raped, old people get raped, and disabled people get raped because it’s not about sexual attraction.

000

piccatarata.bsky.social @piccatarata.bsky.social · 06/10/2026

Even ugly people can say no. Even after things have started. Even if they said yes first. EVEN UGLY PEOPLE CAN SAY NO! (Sorry for yelling.)

020

Reposted by @piccatarata.bsky.social

Rachel Maddow @maddow.bsky.social · 05/10/2026

ICE is now separating children from their parents in the nation’s interior and deeming them “unaccompanied.” www.motherjones.com/politics/202...

motherjones.com

“You kidnapped my son”

ICE is now separating children from their parents and deeming them “unaccompanied.”

44159213759

piccatarata.bsky.social @piccatarata.bsky.social · 05/10/2026

This explains why Spain is so wonderful.

020

Reposted by @piccatarata.bsky.social

Anna Lind-Guzik @alindguzik.bsky.social · 05/10/2026

Hard to think of anything less abstract and more materially consequential than being pregnant

972072466

piccatarata.bsky.social @piccatarata.bsky.social · 05/10/2026

He doesn’t think women are capable of having real thoughts, does he?

040

piccatarata.bsky.social @piccatarata.bsky.social · 05/10/2026

He doesn’t think women are capable of having thoughts, does he?

010

piccatarata.bsky.social @piccatarata.bsky.social · 02/10/2026

In the UK cashiers at grocery stores sit. We’re just into making work as difficult for as possible for everyone.

020

Reposted by @piccatarata.bsky.social

Dean Baker @deanbaker13.bsky.social · 26/09/2026

Elon Musk is shutting down the Catholic Bishops in Brazil account on X to help the right-wing win the election there paydayreport.com/x-blocks-acc...

paydayreport.com

X Blocks Account of National Conference of Bishops of Brasil As Catholics Back Lula

Polls show Catholics backing Lula as the church denounces foreign interference.

581261706

piccatarata.bsky.social @piccatarata.bsky.social · 24/09/2026

I bet Trump thought he had asked to have his name added to the Lincoln Center, right? And he’s so dumb (with a b!) that he mistakenly asked for Ford Theater.

000

piccatarata.bsky.social @piccatarata.bsky.social · 24/09/2026

I shouldn’t just write, “Fuck them” after every post that mentions Trump or the Trump administration, should I?

000

Reposted by @piccatarata.bsky.social

Geoff Bowden @geoffbowden.bsky.social · 23/09/2026

The first thing a Dem Congress does is pass a resolution saying the President is not immune from any prosecution, and remove it from SC jurisdiction.

855671

Reposted by @piccatarata.bsky.social

Schrödinger's Sneetch Belly @rtodkelly.bsky.social · 22/09/2026

Please know that this is one of my few legitimate areas of actual, high-level professional expertise: Kicking the healthiest people off of a health insurance program will bankrupt it. Not 'could;' not 'might,' not 'probably," but absolutely will, with mathematical certainty.

25768202248

piccatarata.bsky.social @piccatarata.bsky.social · 21/09/2026

They are wearing jodhpurs. The unwavering desire to harken back to an earlier, “better” age is a telltale sign of fascism.

000

Reposted by @piccatarata.bsky.social

Raider @iwillnotbesilenced.bsky.social · 21/09/2026

Most Germans weren't Nazis They stayed quiet to keep their jobs, their safety, and their comfortable lives. That silence was the oxygen fascism needed to take root. By the time the horrors were undeniable, the trap had already snapped shut, and resistance meant certain death.

36780338

Reposted by @piccatarata.bsky.social

Katie Hodges-Kluck, PhD @klhkhistorian.bsky.social · 20/09/2026

**Lights Out Alert Sunday & Monday Nights** Birdcast is estimating 300-400 million birds will be in flight.

From meteorologist Eric Snitil

**Lights Out Alert Sunday & Monday Nights**

"Heads up birders, I would not be surprised if the biggest bird migration night of the year happens over the next 2 nights. Birdcast is estimating 300-400 million birds will be in flight. That is a lot, but the pattern could not be better for migratory birds. A massive area of high pressure will turn the low level winds from the northeast to the southwest across most of the US. The last time we had anything similar to this in the fall was early October last year when a record 1.25 billion birds were in flight. I doubt we get to that level, but I suspect the number will top 500 million especially Monday night which looks to be the bigger of the two nights. You can help by turning off those outdoor lights on big migration nights, and the next 2 nights is about as big as it gets."

291673887

Reposted by @piccatarata.bsky.social

BeijingPalmer @beijingpalmer.bsky.social · 21/09/2026

you can learn a lot about America by remembering that this man lived through the coronavirus

141846295

piccatarata.bsky.social @piccatarata.bsky.social · 21/09/2026

I went to the same high school the Wilson sisters did, a few years behind them. You can not—can not—imagine the furor.

000

piccatarata.bsky.social @piccatarata.bsky.social · 21/09/2026

I vote for the dishwasher over even the washing machine. You can wear dirty clothes but you’ll get sick if you don’t wash the dishes. I remember, in the 70’s, my uncle bought my aunt a restaurant dishwasher that did a load in three minutes. They had 10 kids in 15 years. Her life changed.

0120

piccatarata.bsky.social @piccatarata.bsky.social · 21/09/2026

I vote for the dishwasher. You can wear dirty clothes but you’ll get sick if you don’t wash the dishes. I remember, in the 70’s, my uncle bought my aunt a restaurant dishwasher that did a load in three minutes. They had 10 kids in 15 years. Her life changed.

010

Reposted by @piccatarata.bsky.social

Ada Palmer @adapalmer.bsky.social · 20/09/2026

The world’s largest battery-electric aircraft flew for the first time on the 12th of August, a 27-minute test flight over upstate New York that cost about five dollars in electricity. Heart Aerospace’s 30-seat prototype is a big step toward a commercial version. buff.ly/i3f0PhR #ShareGoodNewsToo

techspot.com

The largest all-electric plane ever flew for 27 minutes, on $5 of electricity

Heart's X1 demonstrator flew for 27 minutes from a regional airport in upstate New York, running on battery power the entire time. The aircraft reached 1,100 feet...

191042293

piccatarata.bsky.social @piccatarata.bsky.social · 19/09/2026

Especially those daunting tasks (that fill me with dread) that in the end only take about 15 minutes to finish! I definitely always remember not to procrastinate those!

010

piccatarata.bsky.social @piccatarata.bsky.social · 19/09/2026

If the world is accidentally destroyed, who is going to be bringing the lawsuit? Absolute bullshit.

000

piccatarata.bsky.social @piccatarata.bsky.social · 19/09/2026

We can tell he understands the word “more.” He wants to be “more” than everyone else, even at undesirable things.

000

piccatarata.bsky.social @piccatarata.bsky.social · 18/09/2026

Two of my aunts had polio as children. They both survived but one needed multiple surgeries and is almost completely incapacitated by post-polio syndrome. She frequently doesn’t even have the energy to socialize and uses a microphone when she does so she can conserve energy.

000

Reposted by @piccatarata.bsky.social

Tressie McMillan Cottom @tressiemcphd.bsky.social · 16/09/2026

$500, some highlighters, and ten days to wrap it up. Treat candidates like we treat teachers.

332694387

piccatarata.bsky.social @piccatarata.bsky.social · 15/09/2026

It’s certainly a small suit after all!

010

piccatarata.bsky.social @piccatarata.bsky.social · 12/09/2026

That guy in the beret is not a fan of people taking pictures of his boss.

000

Reposted by @piccatarata.bsky.social

Gabrielle Gozo @gabriellegozo.com · 03/09/2026

CHATGPT AND CLAUDE ARE DOWN!! Teachers, time for an exam

382218266

piccatarata.bsky.social @piccatarata.bsky.social · 01/09/2026

I hate this government and the people who support it.

000

piccatarata.bsky.social @piccatarata.bsky.social · 30/08/2026

My excuse is that I had a newborn baby who WOULD NOT SLEEP. Sorry, but I’m still recovering.

010

Reposted by @piccatarata.bsky.social

ScARRRRGHy Gorgon @scarygorgon.bsky.social · 25/08/2026

🕯️

A meme that has been sitting on my phone since 2022 apparently. Das Kapital and 9 to 5 represented by torches. 9 to 5 glowing significantly brighter and with far less pointless heft than DK.

157161175

piccatarata.bsky.social @piccatarata.bsky.social · 26/08/2026

I’m traveling in Spain and learned of her death on the local news.

000

piccatarata.bsky.social @piccatarata.bsky.social · 22/08/2026

I wonder who could possibly help with this problem? Isn’t there someone with connections in the black community, who also has political experience, and who maybe got gerrymandered out of their seat who could make a difference?

110

Reposted by @piccatarata.bsky.social

Kat Tenbarge @kattenbarge.bsky.social · 21/08/2026

The right taking the misogyny angle on Natalie Harp is interesting because I think, based on her letters to him, one could easily argue the president is emotionally abusing and taking advantage of a vulnerable and potentially unstable woman

581738202

Reposted by @piccatarata.bsky.social

Anjali Dayal @anjalikdayal.bsky.social · 21/08/2026

Natalie Harp is one year older than Zohran Mamdani, one year younger than Alexandra Ocasio Cortez, and five years younger than my grandmother was when I was born. She is four years younger than Jon Ossoff; they are peers.

201287255

piccatarata.bsky.social @piccatarata.bsky.social · 21/08/2026

Doing his same shit: when he doesn’t like the facts he sues to hide them.

000