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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#StupidSuez @diplomatofnight.com · 09/10/2026

A good time to remind people that Chris Van Hollen is the only Member of Congress to have ever called for European states to sanction the President and Secretary of State, in this case specifically in response to their attempts to destroy the ICC in order to protect Israel.

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Catsuka @catsuka.bsky.social · 03/10/2026

Bart shadow boxing (stop motion by Lee Hardcastle). youtube.com/leehardcastle

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Dread VanVleet 🎃🕷️ @velodus.bsky.social · 30/09/2026

This is an instant classic quote graphic

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J “Halloween” B 🎃 @jhb.bsky.social · 29/09/2026

Man if there’s one thing vinyl collectors hate, it’s spending all afternoon browsing a record store.

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The Booker Prizes @thebookerprizes.com · 26/09/2026

Mary Beard, Chair of the Booker Prize 2026 judging panel, on why she dislikes the phrase ‘I really love reading’. This clip is provided courtesy of the Southbank Centre, and you can watch the full Booker Prize 2026 shortlist event on their YouTube channel: youtube.pulse.ly/axkmrdaxr9

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ceej @ceej.online · 24/09/2026

impeach them all. fuck em. why should they get to fly around on our dime and hurt people? “they’ll never actually removed from office” who gives a shit? I want them miserable every day for the rest of the term. I hope they have nightmares. air their dirty laundry. make em sweat

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Kashana @kashana.blacksky.app · 20/09/2026

Americans: oh, look, a systemic issue. I will solve it individually

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Taiwan Cambot @taiwan-cambot.bsky.social · 20/09/2026

The hills of Dashibi Mountain Trail, Taiwan #Taiwan

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Sridhar Ramesh @radishharmers.bsky.social · 19/09/2026

We live in a 2026 full of actual racism. Malicious and very often unabashedly overt. There's so much actual racism to enjoy. We don't need to make it up.

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James Corcoran @jamescorcoran78.bsky.social · 17/09/2026

Corto done for an artist I admire who told me to keep it simple and of course still overthought it.

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Zoomer Junta @snoburne.bsky.social · 07/09/2026

Small potatoes compared to the overhaul needed, but I do wonder how much of the FTC's lawsuit into RetailPages may have lowered monthly rates. Stubbornness in the market seems like algorithmic price 'fixing'.

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Zoomer Junta @snoburne.bsky.social · 24/08/2026

Another 10k voters to Roy Cooper

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Olúfẹ́mi O. Táíwò @olufemiotaiwo.bsky.social · 16/08/2026

"hmm maybe this whole Arday affair shows that we need to have a Serious Conversation about whether Woke 1.0 overreached in manner X, Y, of Z" motherfucker you are generally in Fascism 487.0, as is this particular affair you're talking about. worry about *that*. /Final

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COINTREAUPRO @strings.bsky.social · 01/08/2026

So… they’re working

Atlanta says these bike barriers are protecting cyclists. Drivers keep crashing into them.
AJE

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George Pearkes @peark.es · 31/07/2026

We are at the “r/finance is posting fancams of Chair Powell set to Taylor Swift” point in the cycle of regret over Temu Greenspan.

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beetle moses @beetlemoses.bsky.social · 22/07/2026

I have a song to sing

Three panel comic. Panel 1: two waiters stand in front of an empty lobster tank. The first waiter says, “I think the lobster got out.” The second waiter exclaims, “WHAT!?” Panel 2: the second waiter, lowering his hands from his face in dawning realization, says, “uh oh…” Panel 3: the lobster is seated at the piano under spotlight, in front of several restaurant goers who seem enraptured by the lobster’s playing. The two waiters can only watch.

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christa lee @ohpoorpup.bsky.social · 21/07/2026

The more you explore the history of anime, manga, Japanese games history, the more you are confronted with the fact that MANY of the forms’ most potent innovations sprang out of and could not have existed without pornography. It’s integral to and inextricable from these histories

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Microplastics Sommelier @leastactionhero.bsky.social · 21/07/2026

love to experience the platonic discourses

Cycle with 4 parts, and a meme NPC guy in the middle.
Cooking vs delivery
Fuck rurals?
Vibecession
Not voting

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Brutalismbot @brutalismbot.com · 11/07/2026

Churchill Theatre, Bromley [OC] r/brutalism

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Mobile Suit Golem @kpopncommunism.bsky.social · 11/07/2026

Not the use of the word "detained" here to make it appear as though the settlers have some legal capacity to be doing this. If i ran up on a US Rep with a rifle and prevented them from leaving it would be, correctly, described as kidnapping; and doing so with political ends would be terrorism.

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Jason Beck @jasonbeck.bsky.social · 08/07/2026

Justin Verlander announced he will retire at season’s end:

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Zito @zeets.bsky.social · 06/07/2026

I wrote about this: open.substack.com/pub/somethin...

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USER WAS BLOCKED FOR THIS POST @blockedforthispost.bsky.social · 02/07/2026

I can't take this anymore! *raises hand to snap fingers that activates sKill 3 which drops a meteor on your dumb ass that lands one stun and two burn debuffs that does devastating damage on your next turn, killing you violently on your turn*

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Marisa Kabas @marisakabas.bsky.social · 30/06/2026

expand the court. no more half measures. this is intolerable.

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Rodger Sherman @rodger.bsky.social · 28/06/2026

denying a visa to the man who imitates a statue of a man we assassinated

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Rural Indexing Project @ruralindexing.bsky.social · 26/06/2026

Horney's (on Main) Clinton, IN

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Asher HELLbein @asherelbein.bsky.social · 26/06/2026

I think there's actually a useful difference we can draw here. Namely: there is incrementalism that comes from pushing wherever possible (and with whatever levels possible) to make progress toward a maximalist demand, versus incrementalism that's positioned as an excuse for setting minor goals

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jamelle @jamellebouie.net · 25/06/2026

John Roberts' Constitution forbids any attempt to proactively ameliorate racial discrimination and racial inequality, but permits open racial discrimination as long as there is a facially neutral explanation available, even if it isn't remotely plausible. This, my friends, is "Colorblindness."

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Aaron Reichlin-Melnick @reichlinmelnick.bsky.social · 23/06/2026

Today the Court only issued a decision in case number 4: Blanche v. Lau. A 6-3 decision declares that green card holders returning from trips abroad may be deemed "applicants for admission" in some situations, despite their permanent resident status, via a rapid decision by a frontline CBP official.

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Acyn @acyn.bsky.social · 22/06/2026

Mamdani: When I am speaking about AIPAC, I’m speaking about an organization that has fought any attempt to actually deliver safety to people not just in Palestine but, frankly, throughout much of the region. And it is a status quo of immorality. It is one that I will not accept.

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thicc husband and father @lukeisamazing.bsky.social · 20/06/2026

[with tears in my eyes] dudes rock

Tweet by joshchavis65: overheard a dude in a USA jersey at KC fan fest telling a girl in an Ecuador jersey “I will take off this jersey and learn Spanish for you right now”

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United Farm Workers @ufw.bsky.social · 19/06/2026

Happy #Juneteenth! On this day we celebrate freedom and our commitment to the fight against racism. Our struggles were born from the same roots. Our struggles are one. Su lucha es mi lucha. Together we are more powerful.

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Anthony Hurd @anthonyhurd.bsky.social · 18/06/2026

Tell Me I’m Pretty - 18x24” acrylic on canvas. Available.

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grimm 🎃 @mugrimm.bsky.social · 18/06/2026

ICE has stopped paying people in detention who work the 1 dollar a day they were previously, and now cutting them even more off from outside communication. It's bleak. www.washingtonpost.com/business/202...

washingtonpost.com

ICE removed detainee protections after private outreach from top contractor

In new federal standards released Monday, the agency appeared to make changes that could benefit Geo Group’s legal defense.

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Zoomer Junta @snoburne.bsky.social · 18/06/2026

Cuomo showing up at the first debate like the Undertaker coming out of that damn coffin

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Zoomer Junta @snoburne.bsky.social · 18/06/2026

I'm Ghanan now. Well, "now".

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Stephen Nuñez @socio-steve.bsky.social · 17/06/2026

Hola, huyo del siglo de la humillación estadounidense. ¿Puede indicarme dónde comprar Mountain Dew Baja Blast?

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Zoomer Junta @snoburne.bsky.social · 17/06/2026

I should fill up my gas tank...

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Chris Cooper @chriscooperwcu.bsky.social · 15/06/2026

Curious about #ncpol's proposed election bill? Some of these changes expand voter access, some restrict voter access, some change institutional powers, and some are so benign as to not require comment. Here's my quick(ish) takeaway on what to pay attention to: open.substack.com/pub/chriscoo...

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