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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Willamette Week @wweek.com · 07/10/2026

Her new play follows a trans femme support group in the 2010s as Portland is simultaneously gentrified and queerified.

wweek.com

Playwright Mikki Gillette on the 2010s Trans Experience

Brianna Wheeler

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WuTangIsForTheChildren @wutangforchildren.bsky.social · 29/08/2026

Just when you think you couldn’t love David Byrne more he goes to the Hollywood Bowl playing "Life During Wartime" projecting ICE raids 🔥

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Sam Bach PDX @sambachpdx.bsky.social · 26/07/2026

I wonder how Trump & his rich supporters would feel if the same were done to their properties? Let's bulldoze Mar-a-Lago. Let's put return Silicon Valley to the orchards I grew up near. Let's paint rainbows over the Doral greens. Let's execute eminent domain on every Project 2025 funder's property.

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Steve Rattner @steverattner.bsky.social · 17/07/2026

President Trump used to brag about all the money we were making from tariff revenue. Last month, that trend flipped to a $26 billion loss as the government started paying back the tariffs the Supreme Court ruled illegal. The refund bill is just getting started.

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Sam Bach PDX @sambachpdx.bsky.social · 07/06/2026

ICE is such a small part of this though. Citizens United is orders of magnitude more responsible.

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Booniss Everdrunk @bookiesnacksize.bsky.social · 06/06/2026

Honestly incredible stuff but this made me gasp: "For $100 million a year we can get clean oceans,” he said. This is less than the annual marketing budget of most major consumer goods companies that produce the plastic The Ocean Cleanup is pulling from the sea. techfixated.com/young-invent...

techfixated.com

Young inventor who left engineering studies removes nearly 50 million kilograms of ocean plastic, aims to eliminate 90% of floating waste by 2040

'There was a time when the oceans were filled with plastic, and then we solved it':

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murderedbybluesky.bsky.social @murderedbybluesky.bsky.social · 03/06/2026

WTF?! Charge of the Light Brigade was made up of catboy's riding horses....

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Akshat Rathi @akshatrathi.bsky.social · 03/06/2026

I see a lot of charts everyday. Few make me go: THIS IS CRAZY. www.carbonbrief.org/ai-boom-mean...

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Willamette Week @wweek.com · 02/06/2026

The bus will pick up passengers at six eastside locations and bring them to the Oregon Zoo, Pittock Mansion and more.

wweek.com

Free Shuttle Bus to Forest and Washington Parks Debuts This Summer

Rachel Saslow

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Brian Goldstone @brian-goldstone.bsky.social · 24/05/2026

When "homeless working adults with minor-aged children" becomes a distinct administrative category—not an anomaly, but a recognized population requiring its own eligibility framework—you know something is very, very broken in our society.

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Sam Bach PDX @sambachpdx.bsky.social · 22/02/2026

A very good overview of what is known so far and what the benefits and risks may be. But I don't believe privatization isn't in mind here. Rail Passengers Statement on Proposed Amtrak Restructuring - Rail Passengers Association share.google/pqNVsDmj3DAS...

share.google

Rail Passengers Statement on Proposed Amtrak Restructuring | Rail Passengers Association

The Rail Passengers Association issued a statement on early reports that the U.S. Department of Transportation is directing Amtrak to undertake a significant organizational restructuring.

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Sam Bach PDX @sambachpdx.bsky.social · 04/02/2026

It never was on my phone. There's a new store 3 blocks from home that I have no plans to go into until such time as it's unionized, there's a contract, and they agree to refuse service to ICE agents.

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Sam Bach PDX @sambachpdx.bsky.social · 03/02/2026

T, who hired people on Craigslist to attend his events, keeps saying we're paid agitators. But that's what big repositories of power do, and that's all they can see (even if they aren't there). We, in the little ones, have other motivators like love and survival.

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Wajahat Ali @wajali.bsky.social · 25/01/2026

Democratic Leaders still haven't said Abolish ICE. That is complicity.

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Sam Bach PDX @sambachpdx.bsky.social · 18/01/2026

"Civil defense is a system of emergency relief/protective measures that civilians carry out in response to natural disasters, sabotage, or hostile attacks. It encompasses all phases of emergency response, including preparation, immediate response, and long-term recovery." Call them what they are.

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Sam Bach PDX @sambachpdx.bsky.social · 07/01/2026

Several times almost a year ago, I had considered a hasty rewrite of this song for karaoke, using the tagline, "Detained at Home Depot."

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Per Damkier @perdamkier.bsky.social · 06/01/2026

Accurate 👇

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Sam Bach PDX @sambachpdx.bsky.social · 03/01/2026

I don't think they'll wait 6 weeks.

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Rebecca Solnit @rebeccasolnit.bsky.social · 03/01/2026

As the great Suketu Mehta wrote in the accompanying essay, "By 1643, only nineteen years after the first Walloon settlers founded New Amsterdam, 18 languages were already being spoken in the city—among a population of a mere 500." To hell with fictions of a homogenous past, linguistic & otherwise.

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Sam Bach PDX @sambachpdx.bsky.social · 03/01/2026

Wilfred Owen was Welsh, and this writer did justice in responding to the query (you might need to center the attached post to see the context). Seems Mamdami knows British poetry better than a London college professor. 🤷

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Sam Bach PDX @sambachpdx.bsky.social · 29/12/2025

The IRS is trying to move to all electronic filings and the like, and letters they send are post-dated to (hopefully) ensure recipients have the time alloted by law/policy to respond. But this is going to get ugly.

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elliepnw.bsky.social @elliepnw.bsky.social · 29/12/2025

imagine we had a way to tax assets and property we could call it a property tax

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Robert Reich @rbreich.bsky.social · 22/12/2025

I’m old enough to remember when CBS News would never have surrendered to a demagogic president or any other politician. Remember Edward R. Murrow?

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Sam Bach PDX @sambachpdx.bsky.social · 21/12/2025

The significance of 1971 is that is when Nixon fully disconnected USD from the gold standard. Now based solely on CPI inflation, we're only talking about $13.03/hr today, but remember that worker productivity has increased 8x as much as median worker pay.

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Sam Bach PDX @sambachpdx.bsky.social · 20/12/2025

Fundamentally, he's right, & 20% is abt the "tax" most people pay on income. Currently, HSA money can't cover insurance premiums anyway, which, for hubby & me, is $22K+ for 2025 & $5K in typical out-of-pocket expenses. PTC will cover ~50% of the premiums. Enhanced PTC didn't apply to us this yr.

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Alt-IRS @alt-irs.altgov.info · 18/12/2025

If you are planning on massive refunds from that BBBoondoggle. YOU NEED TO FULLY STAFF THE IRS! I am telling you it won't happen like he was screaming about last night. Expect massive delays. #IRS #Feds

news.bloombergtax.com

The IRS Clock Keeps Ticking Despite Staff Shortages and Backlogs

Opinion: As IRS operations continue to recover from the shutdown, taxpayers should stay vigilant to track any pending matters to protect against expiring deadlines and potential errors.

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Jonathan Maus @jonathanmaus.bsky.social · 12/12/2025

Frisbee is really good at thinking through this stuff and her comments are the most persuasive I've heard. Every local politician, community leader, and advocate should listen to them.

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Sam Bach PDX @sambachpdx.bsky.social · 12/12/2025

Maybe there is such a thing as too many book clubs....

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Sarah McAnulty, Ph.D. @sarahmackattack.bsky.social · 07/12/2025

One of my neighbors has been putting up these fish facts posters. All kinds of different fish, marine, freshwater, deep, shallow, all kinds. This is a good one. “Stg this real fish” took me out. Good work, neighbor.

A poster on 8.5 x 11 inch paper saga Fishtown fish facts: red lipped catfish or of ocephalus Darwini. Then a pic of that freaky fish with 4 limbs it rests on the ground and then the words “stg this fish real red-lipped batfish walk ocean floor with they flippers RLBF have RBF, not they fault
RLBF have a bioluminescent lure that glows to attract dinner
RLBF lipgloss is popping, RLBF lipgloss is cool, all the fish keep jockin, they chase RLBF after school
RLBF got scales like armor and shine bright like a diamond
Red-lipped batfish will teach you how to dougie, I can promise u that.

@yaboyni
Take a moment
And and realize the moment
You took has already passed
Thank you
See you next time

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Andrew Lokenauth | TheFinanceNewsletter.com @thefinancenewsletter.com · 03/12/2025

US Treasury just bought back $12.5 Billion of its own debt, the largest buyback in history. Do you realize what's happening?

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Sam Bach PDX @sambachpdx.bsky.social · 01/12/2025

For those in the Portland area this weekend or next, be sure to see this show! We'll be there this Friday and are looking forward to it! www.fusetheatreensemble.com/recta

fusetheatreensemble.com

Recta Borealis | Fuse

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Heather Cox Richardson (TDPR) @hcrichardson.bsky.social · 20/11/2025

Before the midterms of 1866, President Andrew Johnson called his congressional opponents traitors and said they should be hanged. Voters were so profoundly moved by his words... that they gave his opponents a supermajority in Congress, and the nation got the Fourteenth Amendment.

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Americans for Tax Fairness @4taxfairness.bsky.social · 16/11/2025

Meta paid $16 BILLION in taxes this year, thanks to the corporate minimum tax passed in 2022. That's the corporate tax that Trump's IRS has quietly decided to stop enforcing. Go figure.

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Andrew Lokenauth | TheFinanceNewsletter.com @thefinancenewsletter.com · 15/11/2025

401(k) hardship withdrawals hit its HIGHEST level ever. Great leading indicator heading into 2026. People have no idea how BAD the October employment data is. No wonder Trump isn’t releasing it.

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H. John Tran @johnhtran.bsky.social · 15/11/2025

Michelle Obama says America “ain’t ready” for a woman president. The problem isn’t readiness, it’s the system. A structure that keeps deciding who can lead will always tell someone to wait their turn. Real change comes when you build something that doesn’t need permission to exist.

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sara “THE RED SACRAMENT” hinkley @boneysoups.bsky.social · 15/11/2025

been awhile since I felt a literal chill down my spine but this honestly scared the shit out of me

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Chris Hayes @chrislhayes.bsky.social · 11/11/2025

The thing to understand about this is that this catastrophe in the UK has redounded to the political benefit of the very same people and political movement that pushed for it! Extremely perverse.

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