iiinova — where your digital self keeps evolving

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Robert Reich @rbreich.bsky.social · 09/10/2026

22 California billionaires have spent a combined $150 million so far to defeat Prop 40. By spending their fortunes trying to stop California from taxing billionaires, they're making the argument for a billionaire wealth tax more clearly and articulately than anyone else possibly could.

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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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James Medlock @jdcmedlock.bsky.social · 09/10/2026

A lot of rich guys want you to think that the bar on the right is always going to be bigger than the bar on the left.

Vertical bar chart titled "Norwegian wealth tax revenue, change from 2021 to 2024," in billions of Norwegian kroner (BNOK), nominal. Subtitle: top rate 0.85% to 1.1% and stock valuation discount cut from 2022.

Two bars. "Growth with no emigration": 13.71 BNOK, a tall bar. "Lost to reform-driven emigration": 0.65 BNOK, a barely visible stub, about one-twenty-first the height.

Notes: Growth includes the rate and valuation changes and wealth growth. Net of tax that emigrants still paid, the reform-driven loss is 0.49 BNOK.

Source: Ring (2026), NBER Working Paper 35854, equation 2 and figure 5.

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Robinson Meyer @robinsonmeyer.bsky.social · 04/10/2026

major democracies electing far-right populist governments

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lauren @lauren.rotatingsandwiches.com · 04/10/2026

"jackson chourio was in middle school when covid started. jackson chourio was born into a post-Vine world. jackson chourio is actually the baby from the end of 2001: a space odyssey" -what my timeline is going to be like this whole postseason if the brewers make a deep run

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Edmonds Scanner @edmondsscanner.bsky.social · 01/10/2026

What's your retirement plan? 1. coffee shop curmudgeon 2. vengeful sea witch 3. sentient moss mound 4. foggy wanderer

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Brent Maguire @bmags94.bsky.social · 01/10/2026

Holy Sheets. Gavin Sheets crushes a 100.8 mph heater from Daniel Palencia to extend the Padres' lead to 4-1.

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James Medlock @jdcmedlock.bsky.social · 27/09/2026

The GOP cut funding to the IRS because *audits work* and they fundamentally don't believe rich people should have to play by the rules.

Line chart titled "Revenue per audit," subtitled "In-person audits, 2010-2014." It plots average revenue and average cost per audit by taxpayer income percentile, poorer to richer, from the 0–5th percentile to the top 0.1%. Source: Boning et al. 2023, "A Welfare Analysis of Tax Audits Across the Income Distribution."

Across the bottom half of the income distribution, revenue and cost track closely, both around $3,000–$6,000 per audit. Above the median, revenue pulls ahead of cost: about $10,000 vs. $5,000 near the 90th percentile, and about $17,000 vs. $8,000 at the 95th–99th. At the top, revenue jumps to about $31,000 for the 99–99.9th percentile and about $90,000 for the top 0.1%.

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Cameron 🇺🇸🗽🦅 @cameroncorduroy.bsky.social · 22/09/2026

Evelyn Normielib is officially the median Democrat

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Peter @notalawyer.bsky.social · 14/09/2026

underrated part of El-Sayed’s messaging strategy seems to be shaming journalists who ask dumb questions that play into right-wing frames. you can’t answer these in a way that satisfies them, but you can make it embarrassing enough that you impose a toll on asking.

Abdul El-Sayed: "Weijia, with all due respect, this is the third time you've asked about a Twitch streamer ... their whole game is to make us fight culture wars so that we don't pay attention to the fact the president has made $2.2 billion ... "

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William B. Fuckley @opinionhaver.bsky.social · 12/09/2026

eventually one of these 'ah whoopsie, our lil' guys got loose again' things is going to be something that actually breaks shit in the real world.

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victoria scott @victoriascott.bsky.social · 11/09/2026

anyway, the American id understander himself, Hunter S. Thompson, the next week for goddamn ESPN of all places. the party's over, folks.

We are At War now, according to President Bush, and I take him at his word. He also says this War might last for "a very long time."

Generals and military scholars will tell you that eight or 10 years is actually not such a long time in the span of human history -- which is no doubt true -- but history also tells us that 10 years of martial law and a war-time economy are going to feel like a Lifetime to people who are in their twenties today. The poor bastards of what will forever be known as Generation Z are doomed to be the first generation of Americans who will grow up with a lower standard of living than their parents enjoyed.

That is extremely heavy news, and it will take a while for it to sink in. The 22 babies born in New York City while the World Trade Center burned will never know what they missed. The last half of the 20th century will seem like a wild party for rich kids, compared to what's coming now. The party's over, folks. The time has come for loyal Americans to Sacrifice. ... Sacrifice. ... Sacrifice. That is the new buzz-word in Washington. But what it means is not entirely clear.

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Sky Marchini @sky.skymarchini.net · 11/09/2026

shit like this is why i say the press are a bunch of chickenshits. "oh they yelled at us so we just dumped it on youtube" you fucking cowards, air it anyways and dare them to sue you then put the threats in the court record. air a title card saying "THE US GOVERNMENT ORDERED THIS NOT AIR", come on

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Robert Evans (the Only Robert Evans) @iwriteok.bsky.social · 10/09/2026

ok but "the future" they are promising is "we destroy your jobs and maybe build a dark god of genocide" so perhaps winning these people back is not the wisest electoral move

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phylan @phylan.website · 08/09/2026

OpenAI guy deeply concerned that OpenAI product is extremely powerful. no no this is not an ad. don't say this is an ad. it's The News

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Daniel Ahmad @zhugeex.com · 04/09/2026

It takes you 20 paragraphs to get to the part of the article where they admit that Mamdani isn't paying the influencers and the reason they are posting videos of the stuff Mamdani is doing is because people are interested in watching it.

The mayor’s office says that it does not pay the influencers. Still, their proximity and access to a figure as popular as Mr. Mamdani can help increase their own social media following and, by extension, potentially put them in a position to attract paid content sponsorships from commercial brands. Some influencers said that when they feature Mr. Mamdani, the videos get more likes and viewers watch longer.

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Sky Marchini @sky.skymarchini.net · 04/09/2026

“What if the court rules against you” order the bulldozer drivers to keep going. Preemptively pardon any (contempt) charges. Call in a fucking airstrike and say military action is non justicable under Trump v US. Dare them to stop you.

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Bob Burgess @bobburgess.bsky.social · 03/09/2026

What was it like aboard the USS Abraham Lincoln? -Sailors ran an underground economy as stocks ran low. -Energy drinks that cost $3 at the ship store were being resold for $5 to $10. -A 40-day stretch the Wi-Fi went out, severing all ties to families back home. www.bloomberg.com/news/feature...

bloomberg.com

Weary US Sailors Lay Bare War’s Strain During Thailand Shore Leave

A brief respite for the USS Abraham Lincoln’s exhausted crew underscores the challenges of fighting a Middle East war while maintaining readiness in the Pacific.

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Daniel Moser @dmoser.bsky.social · 03/09/2026

Pollution levels in London after 10 years of advancing sustainable transport.

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Adolfo Neto @adolfoneto.elixiremfoco.com · 30/08/2026

Why young people hate AI even more?

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SE Gyges @segyges.bsky.social · 27/08/2026

nvda is trying to become dominant in promoting open source and is commoditizing their complement if this works it crushes openai, anthropic, and whatever elon calls his empire these days

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George Pearkes @peark.es · 25/08/2026

Is it possible to be more juiceless than this

Donald J. Trump

@realDonaldTrump

The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect to doing much business with Ontario any longer. Thank you for your attention to this matter! President DONALD J. TRUMP

16

ReTruths

44

Likes
Aug 25, 2026, 6:58 AM

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tweety fish oh wow like a chimera or something spoooky @sifu.tweety.fish · 20/08/2026

I'm sorry but "a huge number of NYC cabs now are remaindered EVs running grey market software written by some dude in a garage" is the most cyberpunk thing I've ever heard

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mtsw @mtsw.bsky.social · 20/08/2026

this is psychotic but a genuinely valuable articulation of a thing many drivers actually believe

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Philip Bump @pbump.com · 20/08/2026

There is no functional difference between people looking for rampant voter fraud and ghost hunters.

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lastpositivist.bsky.social @lastpositivist.bsky.social · 10/11/2024

I really think at its heart philosophy is one giant battle, taking place over many eras and nations, between people who are basically pleasant bureaucrats and people who are sexy murder poets, and it’s both super important and super boring that the pleasant bureaucrats must win.

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Robert Komaniecki @komaniecki.bsky.social · 19/08/2026

How do I explain to small business owners that the menu on the left is one billion times more appealing than the one on the right

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Molly Knight @mollyknight.bsky.social · 19/08/2026

This is the natural evolution of Zuckerberg’s first project, harassing college girls by putting their faces next to each other and having the campus rate who was hotter.

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lauren @lauren.rotatingsandwiches.com · 18/08/2026

i don't know who thought it was a good idea for the high-profile pedophiles in charge of our government to develop a makework program for lesser known pedophiles within our federal policing apparatus. but i disagree with them

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Ben Raderstorf @raders.bsky.social · 18/08/2026

This is one of those arguments that sounds like slopulism but is actually, if anything, understated. 56% of Colorado river water goes to GROWING FEED FOR LIVESTOCK IN THE DESERT.

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Jen Taub @jentaub.bsky.social · 17/08/2026

“A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health.” ysph.yale.edu/news-article...

ysph.yale.edu

Universal Health Coverage Could Save $1 Trillion and 114,000 Lives Every Year, Yale Study Projects

A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it

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A.R. Moxon @juliusgoat.bsky.social · 16/08/2026

Is it because they openly muse about replacing humans with technology as if human beings were a problem to be solved through elimination, is it that.

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lauren @lauren.rotatingsandwiches.com · 13/08/2026

oh wow r/washingtondc found the worst one i've seen so far

user ViewOk5050 on reddit posting a photo of an ai slop drawing from royal jacket deli of a chicken parmesan melt that's unsettling in pretty much every way you can think of

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dr. rich traditions, JD @helldude.bsky.social · 10/08/2026

its an insult to carter, but the last thing trump wanted to be was jimmy carter. he has said that over and over. iran is jimmy cartering him. even after 50 years of this they understand us, we do not understand them, because we do not respect them as human beings

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Aftermath @aftermath.site · 07/08/2026

Hello local business, your AI ads are costing you customers: aftermath.site/ai-poster-ad-f...

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lowtax speedrun enjoyer @rickywlmsbong.bsky.social · 05/08/2026

without knowing any details i assume this is gonna be another hilarious episode of the saudis lighting unfathomable amounts of money on fire. it’s like a whole family of mark zuckerbergs

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The real impasta @therealimpasta.bsky.social · 05/08/2026

ATTENTION TO ALL DEM TAX CUT SLOPULISTS

The effort to repeal the income tax in Missouri losing 80-20

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CSketch @csketch.bsky.social · 04/08/2026

Oh my god I think I found the video.

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lauren @lauren.rotatingsandwiches.com · 28/07/2026

say what you will about AI, always-on voice recording and auto dictation has been a game changer for my workflows. Save post and close app. Yeah Footlong meatball sub on white. No veggies. Don't toast it. Ranch and barbecue sauce. Yeah, ranch and bargecue sauce. More. More. Little more please

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Luke Kawa @ljkawa.bsky.social · 27/07/2026

RT 🔒: Odysseus' Odyssey and Hyperscaler CAPEX are very different. One is a multiyear journey with no end in sight filled with risk and monsters. The other of course is The Odyssey

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Sammy Roth @sammyroth.bsky.social · 23/07/2026

Insane new research. Scientists gave asthma patients free electric stoves to replace their gas stoves, then checked to see if symptoms improved. Not only did symptoms improve, ditching gas was *better than medicine.* Details in today's newsletter: www.climatecoloredgoggles.com/p/electric-s...

climatecoloredgoggles.com

Researchers used electric stoves to treat asthma. It worked.

The latest evidence that gas is bad for your health.

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Rude Law Dog @esghound.com · 22/07/2026

to properly use LLMs in a productive manner often requires *more* thought from humans, not less. Anyways

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Nathan Goldwag @goldwagnathan.bsky.social · 22/07/2026

I think it's healthy for people on Blueksky remember that the people who run the editorial offices of most of the prestige media and commentary outlets in the country hate 🫵YOU🫵 in particular more than anything else.

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Matt Darling @besttrousers.bsky.social · 21/07/2026

" The Pentagon is no longer run by bureaucrats....also we are out of money 🥲."

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Micah @rincewind.run · 21/07/2026

once again, the absolute worst thing that could have happened in venezuela is complete operational success they thought they could do anything and immediately started another Forever War

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