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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Schooley @schooley.bsky.social · 08/10/2026

This is even more insane than I remembered.

Did Biden call Trump supporters 'garbage? It comes down to an apostrophe.
Republicans have long strained for a new Hillary Clinton-"deplorables" moment, but Biden's defense is entirely plausible.
October 30, 2024
• Footage of Biden's disputed
'garbage' comment
President Joe Biden was on a call with Latino voters on Oct. 29 when he brought up a Trump rally speaker's recent insult of Puerto Rico.
October 28, 2024
• Harris responds to question about Biden's 'garbage' remark
Vice President Kamala Harris spoke to reporters before boarding a flight on Oct. 30 about President Joe Biden's remark that some intrepreted as calling former president Donald Trump's supporters
"garbage." The White House said Biden was referring
"to the hateful rhetoric at the Madison Square
Garden rally as garbage."
October 29, 2024

Harris seeks to distance herself from Biden's 'garbage' remark
Vice President Kamala Harris tells reporters she rejects criticism based on how someone votes. The White House says President Joe Biden was referring to racist rhetoric, not to Trump voters.
October 31, 2024
Biden visits Philly amid lingering furor over 'garbage' remark
The White House stenographer's office complained about how press office officials handled the transcript of Biden's comments.
November 5, 2024
or Trump and Rubio react to Biden's 'garbage' comments
At former president Donald Trump's rally on Oct. 29, Sen. Marco Rubio (R-Fla.) said he hoped President Joe Biden would apologize for his "garbage" comments.
October 28, 2024

Opinion
Take all this garbage out to the curb
Two comments have created a dumpster fire of partisan outrage this week.
October 30, 2024
White House, Trump campaign clash over whether Biden called Trump supporters garbage'
The disputed remark came in response to racist remarks about Puerto Rico at a Trump rally in New York City.
October 30, 2024
UNITED STATES OF AMERICA
Kamala Harris's Joe Biden problem
Kamala Harris stood on the Ellipse and delivered a clear and unifying message to a thundering crowd.
Moments earlier, in the White House illuminated behind her, Joe Biden had sat alone at a computer.
October 30, 2024
Opinion
The 10 worst things Biden did in 2024
Among the president's lows: pardoning Hunter Biden and calling Trump supporters "garbage."
January

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derek guy @dieworkwear.bsky.social · 06/10/2026

i should rephrase: incredible republican voters and leaders will not give a shit

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David Roberts @volts.wtf · 03/10/2026

You can't get anyone in political media to say it plainly, but GOP strategy for several decades now has been built around the fact that its core goals/policies are *wildly unpopular*. Everything depends on a) polluting the information environment, b) cementing unfair structural advantages, & c) $$$.

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Martha, but like, super spooky @mostlymartha.bsky.social · 01/10/2026

The good and bad parts of Oakland's history are still very present. Its scars are visible. But blood is pumping here, and it is pumping because the people who choose Oakland love it. We don't want Oakland to be San Francisco or Foster City or Corte Madera.

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Matt @nosoupforgeorge.bsky.social · 27/09/2026

No one drives a golf cart like Marshawn Lynch! Beast Mode in the Oakland Coliseum!

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Washington Post Data Team @wpdatateam.bsky.social · 22/09/2026

NEW: Megadonors have now pumped more than $1.7 billion into the midterms. The figure includes a newly disclosed $10M from the crypto billionaire Winklevoss twins, who gave MAGA Inc while crypto regulation was on the Hill. Meet all 50 of the top donors here: www.washingtonpost.com/elections/in...

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🌬Breeze @cool-summer-breeze.bsky.social · 24/09/2026

This is the Stolen Neighbors Quilt. Each of the 11,000 squares represents a person taken by ICE in Minnesota.

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The Volatile Mermaid @ohnoshetwitnt.bsky.social · 21/09/2026

From the people who told you that straight white male privilege doesn’t exist…

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BeijingPalmer @beijingpalmer.bsky.social · 21/09/2026

you can learn a lot about America by remembering that this man lived through the coronavirus

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Max Kennerly @maxkennerly.bsky.social · 20/09/2026

"This election is about the threat of trans kids" is the worst possible messaging for Dems yet so many candidates are leaning into it. No voter will flip R->D over it. Low-info voters read this as "you're focused on bullshit that doesn't affect me" while the base reads this as "you're an asshole."

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Radley Balko @radleybalko.bsky.social · 19/09/2026

From 2021 to 2025, Stephen Miller was making $567K/year as head of his America First "think tank." He owns $100K-$250K in Palantir stock alone. His estimated net worth: ~$2 million. The immigrants he's deporting to third-party countries to be tortured and disappeared don't get an attorney at all.

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Inequality Media @inequalitymedia.bsky.social · 14/09/2026

"As we act, let us not become the evil that we deplore." 25 years ago today, Barbara Lee delivered this prescient warning — and cast the sole "No" vote — against the post-9/11 forever war.

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Tim Dickinson @timdickinson.bsky.social · 15/09/2026

I don't have any way to judge the supposed world-destroying capacities of AI run amok. (Color me highly skeptical). What I do see are billionaire CEOs using the cover of that doomer story to engage in collusive, cartel-like behavior.

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don't hug me I'm porksweats @porksweats.bsky.social · 14/08/2025

first principles, clarice. simplicity. read marcus aurelius. of each particular thing ask: what is it in itself? what is its nature? what does he do, this man you seek?

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Catherine Rampell @crampell.bsky.social · 10/09/2026

Since becoming president again, Trump has promised: -$5000 stimulus checks via "DOGE dividend" -$2000 stimulus checks via "tariff dividend" -$1000+ checks via "savings" from expiring ACA subsidies -$5000 "dividend" if Rs win midterms No checks have been issued www.thebulwark.com/p/trump-magi...

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Chris Kluwe, adjudicated poaster @chriswarcraft.bsky.social · 09/09/2026

There’s such an easy answer to this “gotcha” question and it’s “Sports are inherently unsafe and unfair and it’s ridiculous to single out trans athletes when we allow 150 pound linebackers to go up against 260 pound linemen in freshman football on a daily basis. Let kids play with their friends.”

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Schooley @schooley.bsky.social · 08/09/2026

Worst president to have for the World Cup. Worst president to have for the America 250 celebration. Worst president to have for the 25th anniversary of 9/11. Worst president to have for the Olympics. Just one national embarrassment after another.

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Chris Kluwe, adjudicated poaster @chriswarcraft.bsky.social · 08/09/2026

If you have a problem with Mayor Mamdani attending the 9/11 ceremony you’re simply a racist piece of shit, I’m sorry, that’s on you, you’re gonna have to live with that until you figure out how to be a better human being

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Ron Filipkowski @ronfilipkowski.bsky.social · 06/09/2026

Most American have zero interest in the US government treating one of our most important historical allies and trading partners like this. But the worst among us is running the country, thanks to the worst and most irresponsible voters among us.

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Julia Carrie Wong @joolia.bsky.social · 07/09/2026

it’s such a punch in the mouth that fascism achieved power by way of elections

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Garrett M. Graff @vermontgmg.bsky.social · 30/08/2026

Fun fact — and reminder: For all their focus on “officer safety” and arguments about aggressive tactics being necessary, no ICE officer has ever been killed in the line of duty. It is more deadly in the US to be an elementary school student than an ICE officer.

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David Roberts @volts.wtf · 29/08/2026

You see a lot of glib analysts repeating the line that "Americans just don't want EVs" without taking into consideration that the US auto buying experience is dominated by a network of extremely ignorant, Republican car dealers dependent on the kind of maintenance that EVs don't need.

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Karen K. Ho @karenho.bsky.social · 27/08/2026

This gallery of ICE crop/seed art at this year's Minnesota State Fair is incredible, especially the one based on Pablo Picasso's Guernica by Jennifer Nelson, which features the last words of Alex Pretti and Renee Good in Morse code: www.cropart.com/Resist.pdf

A seed art entry in the 2026 Minnesota State Fair based on Pablo Picasso's Guernica. It features a loon, the words "Ice Out" and two representations of Renee Good and Alex Pretti’s. Notably, the mouths of Good and Pretty include their last words in Morse code:
‘I’m not mad at you,’ and ‘Are you okay?’” The artist is Jennifer Nelson.

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Marisa Kabas @marisakabas.bsky.social · 26/08/2026

a million pieces/segments sneering at hasan piker and the co-chair of the DSA, meanwhile a republican congressional candidate in upstate new york named peter oberacker is the grandson of an actual nazi germany soldier and his former staffer was part of the 'i love hitler' young GOP group chat

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David_j_roth @davidjroth.bsky.social · 25/08/2026

The same story repeats itself everywhere in the culture: dumb rich guys who don't know what anything is or does, who are too lazy/smug to learn and ideologically committed to the idea that everything they don't control is Woke Bullshit, wrecking stuff on principle. www.nytimes.com/2026/08/25/w...

nytimes.com

How U.S.-Canada Tariff Negotiations Turned Into an All-Out Trade War

Detailed accounts of the final hours of the negotiations show that, while the United States offered Canada what it said was the best deal of any country, what Canada had to give up in exchange was see...

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Coach Finstock @coachfinstock.bsky.social · 24/08/2026

It's beyond insane that every major paper and news org just let's these pieces of shit lie with every breath they can muster. This is no different than the Comet Pizza basement horseshit only this time it's coming from the Secretary of Education.

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Philip Bump @pbump.com · 22/08/2026

We probably shouldn’t lose sight of the fact that the interviewer here used to be Trump’s press secretary.

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John Wiswell @wiswell.bsky.social · 20/08/2026

I am 90% sure my career wouldn't have happened if a couple people hadn't retweeted one of my stories the exact minute they did. You work your hardest, but it's not in your hands. It breaks a lot of people.

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Bobby Kogan @bbkogan.bsky.social · 20/08/2026

Republican administrations enact enormous tax cuts tilted towards the richest, get shocked Pikachu about deficits, and then call to decimate social programs that Americans rely on A tale as old as time

Jeff Stein * @jstein_notus
X.com
As the concern about the debt exacerbates the bond market, the Treasury secretary just said that he & OMB would be pursuing hundreds of billions in cuts to federal spending. I think the obvious Q is why they can now do what Musk could not

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HELL Kennedy @helenkennedy.com · 20/08/2026

I hadn't seen what he said leading up to the radioactive "travel with Natalie" line. It was even more innocuous than I thought! And when you see the context, you see why republicans fixated on it. Because the rest was FAR more damaging.

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Shoe-per Intelligence @shoe.bsky.social · 19/08/2026

Jon Ossoff is a national hero.

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Jacquie (Postseason Edition) @lajacq.bsky.social · 19/08/2026

I can’t say I get it but he has a grip over school secretaries with named Cheryl or Leanne

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Radley Balko @radleybalko.bsky.social · 14/08/2026

A bunch of cops cheering at a political rally — in uniform — as the president and AG endorse a candidate and attack their political opponents is not normal. And it is not okay.

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David Corn @davidcorn.bsky.social · 14/08/2026

Sorry, Carl. We only care about the national debt when Democrats are in control.

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Asawin Suebsaeng @swin24.bsky.social · 13/08/2026

I am not the first to make this point but imagine a woman president obsessing constantly over her “ballroom” as the economy imploded and her war spun out of control

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Jon Collins @jcollins.bsky.social · 13/08/2026

At a Roseville Church, agents captured license plate information of people who came for a meeting of anti-ICE activists. Agents then used this information to obtain their names, searched social media for pictures, and compiled an “intel workup” with photos, addresses and family info. (4)

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Matt Ortega @mattortega.com · 14/08/2026

Tide goes in, tide goes out, Democrats have to clean up Republicans' fiscal and economic messes at the cost of our own plans.

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Jørgen Heszlein @heszlein.bsky.social · 12/08/2026

New estimate of Elon Musk’s death toll just dropped www.thelancet.com/journals/lan...

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scarylawyerguy.bsky.social @scarylawyerguy.bsky.social · 13/08/2026

If you donate some money to a PAC supporting Kristi Noem you magically get a HALF BILLION DOLLAR no bid contract to sell the US government 10 planes, one of which - a private jet - is being used by Kash Patel! Talk about a return on investment 🙄

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Josh Sternberg @joshsternberg.com · 12/08/2026

A reminder that the media is not liberal or objective. Notice the editorialization in the headline and deck. Why is it "stunning"? etc This is both agenda setting and manufactured confrontation, designed, over time, to make readers think a certain way. Also never see "limits of the Right" frames

A Stunning Loss in Wisconsin Shows the Limits of the Left
Francesca Hong’s defeat in the Democratic primary for governor defied expectations and may have shown the democratic socialist wave cannot reach beyond urban centers.

https://www.nytimes.com/2026/08/12/us/elections/david-crowley-wisconsin-governors-primary.html

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Darwin BondGraham @darwinbondgraham.bsky.social · 11/08/2026

99 cops and firefighters took home total annual pay packages for 2025 exceeding $500,000, due mostly to overtime. Altogether, 103 city employees had compensation above half a million. In total, it cost the city $59 million to employ this elite group of workers. oaklandside.org/2026/08/11/o...

oaklandside.org

Who was the city of Oakland's highest paid employee in 2025?

Once again, overtime ensured that police officers dominated the ranks of Oakland's top earners.

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Andrew Lawrence @ndrew.bsky.social · 12/06/2026

the strait of hormuz is going to remain closed at least through the midterms if not the rest of his term. shouldnt have elected a dip shit sex criminal with dementia who makes policy decisions to impress jesse watters. oh well

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Garrett M. Graff @vermontgmg.bsky.social · 09/08/2026

This — very much this. It’s crazy how Platner yields “Dems in disarray,” when action is taken, and crickets about the right when nothing is done with Miller. Another great example about how the media’s default frame is actually right-friendly.

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