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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Reincarnated @reincarnated.bsky.social · 19/09/2026

They're only fake news because they're reporting on a fake president!

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Abdul El-Sayed @abdulelsayed.bsky.social · 28/08/2026

Trump's tariffs have cost Michigan $5,619 per household — higher than every other state — just so Trump can play his little vanity games. Rogers will never call this out because he's corrupt and a coward.

axios.com

Which states do Trump's tariffs hit the hardest

Local industries dictate how much cost a given state takes on from the executive tariffs

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KOJAMF🤘🖤🤘 @kojamf.bsky.social · 26/08/2026

Jimmy Wrigg #BoycottWalmart Aug. 28th - Sep. 3rd

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Reincarnated @reincarnated.bsky.social · 28/08/2026

Kidd looks like he loves America Fuckk ICE!

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Reincarnated @reincarnated.bsky.social · 27/08/2026

Fuck Walmart, Kroger,. Etc This guy making videos proving how they steal from consumers! youtube.com/shorts/-QNzl...

youtube.com

World Wide Walmart Boycott Aug.28th - Sept 3rd #boycottwalmart #walmart

YouTube video by Jimmy Wrigg / C.O.C.A.

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James Talarico @jamestalarico.bsky.social · 10/08/2026

God already built a wall through Big Bend — it's called the Chisos Mountains. We don't need to give billions of our tax dollars to out of state vendors. We don't need to desecrate this sacred land. We don't need this useless, disgraceful, corrupt Big Bend border wall.

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Reincarnated @reincarnated.bsky.social · 02/08/2026

If you love John Oliver and Last Week Tonight. #Buc-Off #LastWeekTonight #JohnIliver

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Reincarnated @reincarnated.bsky.social · 02/08/2026

Just do it! I bought stickers and lounge pants.

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Reincarnated @reincarnated.bsky.social · 02/08/2026

I bought sleeping pants and stickers

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Reincarnated @reincarnated.bsky.social · 02/08/2026

Great show, I just watched it! Buc-Off! Buc all the way off! lol. Going to buy some merch now!

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Aaron Rupar @atrupar.com · 16/07/2026

Massie: "I don't think the problem is that our elections aren't secure because we control the House, Senate, White House, and to some degree we control the Supreme Court. So I ask my Republican colleagues, why are you complaining about election fraud? We won all the damn elections!"

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Hoodlum 🇺🇸 @nothoodlum.bsky.social · 07/07/2026

Guess who’s snoozing in Turkey?

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Acyn @acyn.bsky.social · 10/06/2026

MacFarlane: What do you think your constituents think about this slush fund? McGovern: They think Trump is a corrupt son of a bitch who doesn’t give a shit about them.

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ebisback.bsky.social @ebisback.bsky.social · 30/04/2026

🤣🤣🤣🤮

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Reincarnated @reincarnated.bsky.social · 22/04/2026

Nah, I get it. But hear me out... post between rides while waiting!!

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Reincarnated @reincarnated.bsky.social · 23/03/2026

Since I.C.E. is at the airports, TSA should just walk off the job!

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Norm Charlatan @normcharlatan.bsky.social · 21/03/2026

RIP Robert Mueller, he was preceded in death by the Rule of Law.

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Alt National Park Service @altnps.bsky.social · 04/02/2026

Seems 💯 accurate.

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SJ Sarah @thedarlingclem.bsky.social · 26/01/2026

Can't stop crying.

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MeidasTouch @meidastouch.com · 09/01/2026

SHOCK CELL PHONE VIDEO: Renee Good's final words to her murderer: “That’s fine dude, I’m not mad at you.” ICE agent Jonathan Ross after shooting and killing her seconds later: “Fuckin’ bitch.” Via Alpha News

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Sherrilyn Ifill @sifill.bsky.social · 03/01/2026

Ok let’s keep playing this.

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Christopher Webb @cwebbonline.com · 04/01/2026

To be clear, we have not forgotten and will not forget about the Epstein files. We can walk and chew gum.

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Max from UNFTR @unftr.com · 22/12/2025

Our last OTR for 2025. Highlights of the week in Bizarro America then a blow-by-blow economic prediction for all of 2026. Shouts to Drey Dossier, @moreperfectunion.bsky.social, Time Suck, @ddayen.bsky.social, @commondreams.org and @jacobinmagazin.bsky.social and Old Tom Joad.