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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oma1966.bsky.social @oma1966.bsky.social · 02/10/2026

White men. What a shocker. 🙄🤬

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SaraDee @saradeedo.bsky.social · 07/10/2026

Nah, I’m not assuming any of them are goodvpeople.

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Raider @iwillnotbesilenced.bsky.social · 06/10/2026

MIDTERMS PROJECTION PROTEST 10/30-11/1 By vjaybombs

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SaraDee @saradeedo.bsky.social · 06/10/2026

She's an attention whore on steroids.

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SaraDee @saradeedo.bsky.social · 06/10/2026

Jesus Christ on a cracker, she is as loathsome and vile as they get. Gross.

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SaraDee @saradeedo.bsky.social · 04/10/2026

Couldn’t have said it better myself.

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Askme @askme99.bsky.social · 03/10/2026

The House and Senate needs to submit STAND ALONE BILLS. None of this bullshit that sneaks in other bills that they KNOW would never pass if it was a STAND ALONE BILL.

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Mark T. Sneed @marktsneed.bsky.social · 03/10/2026

In the history of all the things that never happened, this never happened the most. SMH. Politicians lie. These politicians lie so often it seems like breathing.

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Xela Hart @xelahart.bsky.social · 02/10/2026

👏🏻👏🏻👏🏻

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SaraDee @saradeedo.bsky.social · 02/10/2026

Wow! Talarico has an AWESOME comms team! Respect!

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

No fuckin doubt 😡💥😤

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M Meerkat @kackbro.bsky.social · 29/09/2026

THIS 👇 HERE IS SICKENING......

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SaraDee @saradeedo.bsky.social · 29/09/2026

As a former Hawkeye, I approve this message.

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Ruben Garcia @gorubenruben.bsky.social · 29/09/2026

Republicans partied to Disco Song 🎶Gloria🎶 And hunted Mike Pence on January 6th. This is the most insulting and disgusting video of January 6th! #Midterms #Jan6 #Gloria #USDemocracy #Republicans #Vote #Vota #VotoLatino #Talarico #BlueWave #votematters

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Pam Herd @pamherd.bsky.social · 29/09/2026

America.gov launched today--a DOGE initiative to use AI to deliver public services. Child lying facedown on a frozen lake as the image accompanying the question: "How can I invest in my child's future" is just incredible. Way to go AI

Image of a child lying facedown on a froze lake. above is the portal where you ask AI questions about government services. the question matching this image is: "How can I invest in my child's future?"

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SaraDee @saradeedo.bsky.social · 29/09/2026

jfc with these racist xenophobe nazis.

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Dave Weigel @daveweigel.bsky.social · 29/09/2026

Aaron is not underrating this. It's cinema. The sly smirk when Schmitt thinks he's gotten Smith to perjure himself. The hasty vanishing of the sign. Klobuchar getting Kennedy to hold it up. Schmitt getting LOUD and ANGRY when Klobuchar points out he mixed up the Hawks and Hawkeyes.

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Abdul El-Sayed @abdulelsayed.bsky.social · 23/09/2026

Mike Rogers' estimated net worth in 2013: $380,000 Mike Rogers' estimated net worth in 2026: $14,600,000 He cashed in and sold out Michiganders.

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TommasinaResist⚜️🦋🐈‍⬛ @tommasinaresist.bsky.social · 24/09/2026

“Lügenpresse” meant “lying press.” Hitler used it to turn Germans against journalists before the Nazis seized newspapers & outlawed dissent. Trump screams “fake news,” then bans White House press credentials. Vote to flip Congress before fascism wins. #BlueWaveIn40Days #USDemocracy #Voices4Victory

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SaraDee @saradeedo.bsky.social · 24/09/2026

Meanwhile our tax dollars are paying the heath insurance of these entirled clowns trying to take away ours.

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SaraDee @saradeedo.bsky.social · 21/09/2026

when you look up putz in the dictionary that's a picture of JD.

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Christopher Webb @cwebbonline.com · 21/09/2026

The press becomes “the enemy” the moment the authoritarian can’t control the story. #No1stAmendmentBan

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Public Citizen @publiccitizen.bsky.social · 18/09/2026

HE'S CENSORING THE MEDIA. THIS IS STRAIGHT OUT OF THE AUTHORITARIAN PLAYBOOK.

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💙🦋 @humanity101.bsky.social · 18/09/2026

👀👆 🤷🏼‍♀️

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Aaron Rupar @atrupar.com · 17/09/2026

New in PN: Retire in peace "McConnell would never be allowed to drive a car, babysit young children, or file his own taxes. Why, then, should a cognitively incapacitated 82-year-old retain one of the most important positions of power within the national government?"