iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 2h

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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Jesse Felder @jessefelder.com · 4h

‘Median wealth for a family in the top 10% of earners increased 31%, while wealth decreased for the bottom 40% of earners.’ www.wsj.com/economy/affl...

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POLITICO Europe @politico.eu · 10h

Voters in the Peruvian town of Queropalca have chosen their new mayor: Hitler Mussolini Simeon Flores.

politico.eu

Hitler Mussolini wins local election

Peruvian voters pick their new mayor, despite his unusual name.

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Marisa Kabas @marisakabas.bsky.social · 4h

Christa Pike "had passed on her final meal. And it turns out she actually asked for the $20 that's allotted for that meal to be used to buy pizza for people living on the streets in downtown Nashville, which some of the advocates in town later did."

thehandbasket.co

What it's like to witness a botched execution

Q+A with Steven Hale of The Nashville Banner, who watched as Christa Pike survived two lethal injections.

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Justin @justinskolnick.com · 5h

The proper category for “things made by human hands displaying qualities of sentience” is the demonic

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Ian Coldwater 🧊🚫 @lookitup.baby · 26/08/2026

Tell you what, I’ll worry about the imaginary oppression of robots in the future when you worry about the real oppression of humans right now

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e.w. niedermeyer @niedermeyer.online · 4h

just to emphasize what's happening here: BMW (a company that used slave labor under the Nazis) refused to provide an official vehicle to the ultra right-wing AfD party, which is now asking Elon Musk to provide a Tesla instead Tesla literally becoming the Nazi car brand

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Oliver Willis @owillis.bsky.social · 4h

every senate democrat voted to confirm marco rubio.

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Dom Ervolina @dominicervolina.com · 5h

So a bunch of guys in plainclothes surrounded a man in a car and shot him, then the government disappeared him and refuses to release any information about his condition or whereabouts

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Prisonculture @prisonculture.bsky.social · 21h

This IS what this country is. It's not the only thing that it is but it is absolutely violent and barbaric. The US. is one of 55 countries that still maintain capital punishment. 140 countries have abolished it. This IS what this country is. Might as well televise the killings.

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James Goodwin @jamesgoodwin.bsky.social · 21h

Still can't live stream Supreme Court oral arguments

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Gil Durán @gilduran.com · 14h

Remember when Palantir co-founder Joe Lonsdale called for public executions? www.thenerdreich.com/joe-lonsdale...

thenerdreich.com

Joe Lonsdale Calls For Public Hangings

Silicon Valley radicalization escalates

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Runako @runakog.bsky.social · 8h

Phrasing another way, OpenAI is looking to IPO at a steep discount to $SPCX.

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Harry Litman @harrylitman.bsky.social · 16h

7 shots fired. 4 pm in afternoon. At a car with 5-year old in it. Can’t use deadly force except in response to imminent threat of death of serious bodily injury. As in, from what we know, a blatantly illegal shooting. That’s without regard to victim’s criminal record. 7 Shots Fired.

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Runako @runakog.bsky.social · 8h

There will be circuses but no bread.

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Sky Marchini @sky.skymarchini.net · 15h

the ossoff // collins debate is pretty emblematic of how the GOP expects dems to be like "not the face" and getting gobsmacked when ossoff rolled in like "there's nothing in the rulebook that says i can't bite your ear"

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Mark Hamill @markhamillofficial.bsky.social · 9h

All these years later.... I'm STILL a member of The Resistance.

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Jason Karsh @jkarsh.bsky.social · 16h

We are watching in slow motion the things that happen before ethnic cleansing happens. People get that, right?

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Bruce Arthur @brucearthur.bsky.social · 20h

Radio Rwanda

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Aaron Rupar @atrupar.com · 19h

Ossoff: "How can a sitting congressman vote to shut down a labor and delivery unit in his own district? Delivering mothers in Mike Collins's district now have to drive an hour to get to a labor and delivery unit while they're in labor while we already a maternal mortality crisis."

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Kashana @kashana.blacksky.app · 20h

The funniest thing on here this afternoon is the people who are responding to news of a televised lynching with “omg, I feel like I live in some foreign country”

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William Gibson @greatdismal.bsky.social · 20h

Having long been aware of those tech bros who read my work as utopian porn, where they’ve taken that doesn’t exactly surprise me.

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Aaron Rupar @atrupar.com · 19h

Q: Many feel you have not addressed the fact your son in law is a white supremacist influencer. What have you said to your family? COLLINS: That's my family OSSOFF: Imagine running for Senate while neo-Nazi propaganda is disseminated to an audience of millions from your home. That's Mike Collins.

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Aaron Rupar @atrupar.com · 19h

Ossoff: "If John Lewis were marching today from Selma to Montgomery, Mike Collins would be grabbing a billy club"

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Runako @runakog.bsky.social · 18h

This is outstanding. Clear, factual, concise.

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Garrett M. Graff @vermontgmg.bsky.social · 22h

And 175 years later, remains one of the most powerful forces in modern American politics.

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jamelle @jamellebouie.net · 20h

a livestreamed execution is just a lynching

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Brad Reed @bwreed.bsky.social · 22h

The president of the United States is inciting a fucking pogrom.

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Sky Marchini @sky.skymarchini.net · 08/10/2026

Yeah, so, I work for an organization with federal government contracts and, the White House is not actually joking about this

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Patrick De Haan @gasbuddyguy.bsky.social · 08/10/2026

oil prices jumping this morning after several explosions were heard in the Saudi capital, including at Riyadh's airport... WTI up $4/bbl Brent up nearly $5/bbl, with gasoline and diesel futures also rising sharply

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Nicholas Grossman @nicholasgrossman.bsky.social · 08/10/2026

If they try to bar winning candidates from Congress and declare that the party that won can’t be the majority, and really try to carry this forward—I think that’s misreading Trump, but OK, what if—then meet, declare yourself the legitimate Congress, encourage peaceful protest, and watch the markets.

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Runako @runakog.bsky.social · 08/10/2026

How much are most doctors making four years after undergrad?

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Your fave's fave @actually.roiskinda.cool · 08/10/2026

Here’s what I do know. If someone white was doing half the stuff Blacksky has done in the last year, they’d be lauded as one of the most forward thinking and innovative people on the planet. But it just shows how progress is always happening, especially in places where folks don’t want to look

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Oliver Willis @owillis.bsky.social · 08/10/2026

a big difference between me in 2026 and me in 2006 is i no longer believe democrats are just helpless little guys buffeted by forces beyond their control. decades of writing about this stuff makes it clear: while dems face very evil people, the party is complicit in not fighting.

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Mar Hicks @histoftech.bsky.social · 08/10/2026

“She asked the powers at NASA to let her add a safeguard to prevent that error in a real flight, and they laughed it off as too unlikely… When an astronaut did make that blooper during the Apollo 8 mission, it caused necessary navigational data to vanish, and they called Hamilton in to get it back.”

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jamelle @jamellebouie.net · 08/10/2026

“we call this flavor ‘the shoggoth.’ it opens the mind to non-euclidian geometry. it drove three of our top technicians to madness.”

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Runako @runakog.bsky.social · 08/10/2026

Is it actionable to know we are in a bubble and might be for another year or 75?

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Runako @runakog.bsky.social · 08/10/2026

This chart discredits itself by including Apple and Tesla. If the argument needs to shoehorn in those two, there’s no bubble by their own definition. Maybe their concentration metric is actually 27% or whatever a

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Mike Zaccardi, CFA, CMT @mikezaccardi.bsky.social · 08/10/2026

Wei Li blackrock.bsky.social: AI Dashboard... nothing flashes red yet

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Seth Cotlar @sethcotlar.bsky.social · 08/10/2026

This is how historian Robert Paxton defined a certain word that begins with F in his 2004 book.

Fascism may be defined as a form of political behavior marked by obsessive preoccupation with community decline, humiliation, or victimhood and by compensatory cults of unity, energy, and purity, in which a mass-based party of committed nationalist militants, working in uneasy but effective collaboration with traditional elites, abandons democratic liberties and pursues with redemptive violence and without ethical or legal restraints goals of internal cleansing and external expansion.

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Prisonculture @prisonculture.bsky.social · 08/10/2026

we do not have to live this way.

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Prisonculture @prisonculture.bsky.social · 08/10/2026

The deployment of National Guard troops into cities has been so normalized that it barely merits a mention in the press or among the public anymore. D.C. remains occupied, Memphis is occupied, so is New Orleans... It's incredible to me.

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The Spaceshipper 🚀 @thespaceshipper.com · 08/10/2026

Happy birthday, Sci-fi Queen. 🥳 Sigourney Weaver has also voiced a spaceship two times (the Female Planet Express Ship in Futurama, 2002, and the Axiom from Wall-E, 2008).

Sigourney Weaver in The Mandalorian & Grogu (2026)

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