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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Deniz Selman @denizselman33.bsky.social · 07/10/2026

#Eagles Offensive EPA/Drive by Season (percentiles among all teams since 2012) 2021 : +0.39 (78th percentile) 2022 : +0.48 (83rd percentile) 2023 : +0.32 (74th percentile) 2024 : +0.61 (88th percentile) 2025 : +0.01 (52nd percentile) 2026 : -0.79 (5th percentile) thru Week 4

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Project 2029 @project2029.bsky.social · 07/10/2026

Eagles got great value for Cam but I wouldn’t be shocked if he’s a pro bowler this year in Baltimore

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Carl Quintanilla @carlquintanilla.bsky.social · 06/10/2026

The NY Fed examines how tariffs affected inflation and finds that, without them, goods prices would have declined as of last February. libertystreeteconomics.newyorkfed.org/2026/10/how-...

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Project 2029 @project2029.bsky.social · 04/10/2026

Sirianni let me give you some basics if your defense is getting torched like last week then you need to be overly aggressive on 4th down when you are up 10 in the second half and your defense has been elite you play it safe protect the ball and the clock take the FGs when they are there.

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Project 2029 @project2029.bsky.social · 04/10/2026

0 points in the second half again fire Mannion

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Project 2029 @project2029.bsky.social · 04/10/2026

Eagles whole team out the HC up 10 goes for it on 4th giving up 3 sure points likely costing them the game. He’s a liability

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Project 2029 @project2029.bsky.social · 30/09/2026

The Eagles trying to run the packers offense the year the league has fully figured it out is not ideal.

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Bo Wulf @bowulf.bsky.social · 29/09/2026

In the Eagles' defense, that's only exactly what Andy Dalton has done since we first saw him in the spring.

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Ben Natan @thebennatan.bsky.social · 10/09/2026

Mike Vrabel when he can only sleep with his own wife.

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NY Times Pitchbot @nytpitchbot.bsky.social · 14/09/2026

I will not be endorsing James Talarico for Senate because he has not proved he can be trusted by Black women. Here’s the text of my speech honoring Chris Brown. by Jasmine Crockett

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Mina Kimes @minakimes.bsky.social · 14/09/2026

The Cowboys convincing me they’d be better on defense this year

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Project 2029 @project2029.bsky.social · 13/09/2026

The new look Eagles offense is off to a slow start

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Project 2029 @project2029.bsky.social · 13/09/2026

Shough turned back into pumpkin

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Project 2029 @project2029.bsky.social · 24/07/2026

Gonna need Governor Bottoms to appoint a democrat senator to replace president Ossoff

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Polling USA @usapolling.bsky.social · 13/07/2026

Maine Democrats - "Should Platner's replacement be more progressive or more moderate than most Democrats?" More Progressive: 63% About The Same: 20% More Moderate: 9% Chism / July 10, 2026

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NY Times Pitchbot @nytpitchbot.bsky.social · 12/07/2026

Doctors say that explosive diarrhea can be a sign of a serious medical condition. A guy who snorts cocaine off toilet seat seats and drives dead bears around in his car says its nature’s way of expelling the toxins from 5G radiation. For busy Americans, it can be hard to know who to trust.

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NY Times Pitchbot @nytpitchbot.bsky.social · 12/07/2026

My kids have measles, I lost my job, and a parasite that the CDC no longer monitors has given me explosive diarrhea. But at least now there’s no plaques honoring Black scientists at the Smithsonian.

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Hubie @hubieb.bsky.social · 07/07/2026

Graham Platner has learned his lesson By Susan Collins

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Nicholas Grossman @nicholasgrossman.bsky.social · 05/07/2026

The “vibe shift” proclaimed Nov. 2024 - Jan. 2025 was just some elites—in business, media, law, and some higher ed admins—who kinda liked the fascism and gave themselves permission to accommodate it. That’s all it ever was. A close presidential election is not somehow a binding cultural referendum.

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mtsw @mtsw.bsky.social · 25/06/2026

The Tea Party was a top-down astroturfed marketing campaign to rebrand the right wing of the GOP to a something that wasn't associated with George W. Bush's toxic Presidency. The extent to which it was an "insurgency" or "anti-establishment" is wildly overstated.

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NY Times Pitchbot @nytpitchbot.bsky.social · 24/05/2026

There is no strict Constitutional prohibition against looting the Treasury to give money to traitors, so it's hard to see what Democrats are upset about. by Jonathan Turley

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Ken Klippenstein @kenklippenstein.bsky.social · 15/05/2026

Meanwhile her staffers are covering for her, using old photos to make it look like she's out and about

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Frenemy of the People @frenemyofthepeople.bsky.social · 15/05/2026

“The only negative side effect of vaccines is all the extra conspiracy theory assholes they create.”

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Shawn @trambopoline96.bsky.social · 08/05/2026

The VA Supreme Court telling Virginia voters to go fuck themselves with the maps they approved a day after Tennessee erases their sole black congressional district after SCOTUS gave them a green light is just...wow.

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Project 2029 @project2029.bsky.social · 03/05/2026

Nba is dogshit refs came to life for the Celtics in the 4th

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Law Murray 📘 @lawmurraythenu.bsky.social · 27/04/2026

Philadelphia 76ers traded Jared McCain so that they could have their bench outscored 24-0 in the first quarter at home

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Project 2029 @project2029.bsky.social · 25/04/2026

Eagles should trade up for Kilgore at the top of round 5

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Project 2029 @project2029.bsky.social · 24/04/2026

If the ayatollah is half dead suffering in a hospital i find it hard to believe he’s gonna be cutting a great deal

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Project 2029 @project2029.bsky.social · 24/04/2026

The conversation around Hurts and the Eagles feels off. If he struggles under Mannion, does that mean Hurts isn’t good, or that Mannion isn’t? He has never called plays. If Hurts thrives, were the other OCs the problem? We have seen Hurts be elite. We have not seen that from this OC or the last one.

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Ian Rapoport @rapsheet.bsky.social · 24/04/2026

The Eagles trade up and select USC WR Makai Lemon. With AJ Brown likely headed elsewhere...

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🏈Optimus FF News @news.optimusfantasy.com · 24/04/2026

☎️☎️☎️ NFL DRAFT NEWS ☎️☎️☎️ With the 20th pick in the 2026 NFL Draft, the Philadelphia Eagles select WR Makai Lemon.

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Project 2029 @project2029.bsky.social · 18/04/2026

The Patriots looked like absolute dogshit against good teams last season. They have a first place schedule this year. Their QB is about to get a wake up call.

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Project 2029 @project2029.bsky.social · 18/04/2026

When A.J. Brown gets traded to the Patriots and his numbers drop back to pre–Jalen Hurts levels, I’m going to be laughing while he spirals and the Pats miss the playoffs. #Eagles #flyeaglesfly

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Dave Infante @dinfontay.com · 13/04/2026

cybertruck owners are achieving levels of unfuckability scientists previously believed impossible

Cybertruck in Richmond VA with a vinyl wrap advertising a used car dealership with some stereotypical car-dealer guy face on it

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one dozen bats at a keyboard @panasonicdx4500.bsky.social · 10/03/2026

AJ Brown can still be a Patriot if Dianna Russini has the courage.

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Max Berger @maxberger.bsky.social · 05/04/2026

There's nothing more pathetic than people who think a demented old pedophile threatening to commit war crimes and abolish the constitution is A Strong Man. He's a rich kid who inherited money and became a reality TV star. I can't believe there are adults who don't think Trump is a fucking loser.

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Project 2029 @project2029.bsky.social · 13/03/2026

I know the cap can be manipulated but I don’t see a way the Eagles can both not resign Dallas Goedert and trade AJ before June. That would be more than 60 million against the cap that has less than 15 million now.

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Project 2029 @project2029.bsky.social · 12/03/2026

2025: Tariffs are short term pain for long term gain 2026: High gas prices are short term pain for long term gain MAGA is a train wreck but I guess believing they were gonna lower prices was like believing Epsteins best friend wasn’t in the files

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Project 2029 @project2029.bsky.social · 10/03/2026

Riq Woolen to the Eagles love it

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Project 2029 @project2029.bsky.social · 09/03/2026

Big money for him curious was Goedert gets

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Project 2029 @project2029.bsky.social · 09/03/2026

Bradley Chubb has to be on a plane to Philly at this point

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Project 2029 @project2029.bsky.social · 04/03/2026

Talarico looks like he’s gonna get it done in Texas

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