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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Kay @twograckles.bsky.social · 01/10/2026

"try" being the operative word, because that is one fancy plant imo

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Kay @twograckles.bsky.social · 30/09/2026

That spotted bee balm is just out of this world. I gotta try to make it in paper

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Kay @twograckles.bsky.social · 30/09/2026

I couldn't get past "...he is truly sorry for what occurred that night and for all the pain and suffering that it has caused" Abusers thinking of their actions and choices as passive things that happened, it makes my blood freeze

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Wolfmanning Skull 🎃 @manningkrull.bsky.social · 30/09/2026

Long shot: Do I know anyone on here who's good with audio design / audio editing? I would like to hire someone for a tiny project -- a one-minute loop of spooky ambient sounds, like using stock audio -- but it's gotta happen today, as the deadline is tonight. I had someone but they totally flaked.

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Kay @twograckles.bsky.social · 28/09/2026

Only in Florida (complimentary)

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Kay @twograckles.bsky.social · 10/09/2026

Being laid off last year made me eligible for Medicaid, then for a Medicaid-adjacent program, and it's so frustrating that now I want a job helping other people navigate it.

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Kay @twograckles.bsky.social · 10/09/2026

Finally, I see the... wisdom... of pasting vectors into InDesign. You can't have broken links if there are no links!!!

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big bleat from badsville @djepelgesh.bsky.social · 06/09/2026

thank you The New York Post for what may be the funniest image of all time

a picture from the NY Post titled " today’s leftists are possessed by the spirit of France’s 18th-century guillotine-loving revolutionaries" (way too long) that shows Mamdani (the specter haunting Europe) smiling in the sky as a bunch of French people goof around

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Kay @twograckles.bsky.social · 06/09/2026

I watch maybe 5% of the videos anyone sends me. Then once a year I get had by one of those fake 5-minute crafts that ends with something totally nonsensical. Then I want to engage with video even less.

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Kay @twograckles.bsky.social · 06/09/2026

Awaiting the day when blogs come back into their own opposite video. And alongside! Please, I beg, write out information if you truly want to share it.

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Kay @twograckles.bsky.social · 31/08/2026

Junior Boy in the middle of a nap

A black cat with white whiskers and a white tummy squished into a cardboard scratcher box, laying on his side with his face upside down.

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Kay @twograckles.bsky.social · 30/08/2026

Using genAI was totally unnecessary :/

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Stacey Burns @wentrogue.bsky.social · 27/08/2026

Jennifer Nelson’s entry to this year’s Minnesota State Fair crop art

A localized version of Guernica with a loon at the center and a person holding an ICE OUT sign

“My piece was inspired by Picasso's Guernica, a work that was his response to the Nazi's bombing of the Basque town. I thought there was a fitting parallel between these incidents about the high price paid by ordinary people when aggressive regimes try out new tactics of war, as well as a fitting juxtaposition of the darkness of living such an experience and the light we shone through it in our own resistance and care for one another. The patterns near Renee Good and Alex Pretti’s mouths are actually their last words in Morse code: ‘I’m not mad at you,’ and ‘Are you okay?’”

Jennifer Nelson

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Kay @twograckles.bsky.social · 22/08/2026

Boolean search and RSS. Things like NextDoor could go die their ignoble deaths if municipalities had RSS feeds

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Kevin M. Kruse @kevinmkruse.bsky.social · 17/08/2026

Their best defense against the growing challenge from the left would be simply to meet the moment and act more aggressively against Trump. If they just did that, half the energy behind DSA challenges would dissipate and they'd be safe. But no, they'd rather punch left in a panic.

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jade ✨🌙 @rivalwings.bsky.social · 16/07/2026

saw this post years ago and will never ever forget it. sometimes you need to tend to the place from which you create, before you can create again

Screenshot of a tumblr post by user aureliobooks that reads: My dad likes to call the stretches of time where you’re not creating “dreaming periods” and says that they’re meant to allow you to absorb all of the beauty, life, and inspiration from the things around you so that when you’re able to create again, you will have fanned your spark back into a flame. Sometimes its hard to see those moments as anything but stagnation, but he always says that they’re natural and healthy and needed—things that should be embraced rather than feared.

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Kay @twograckles.bsky.social · 13/08/2026

This is my experience. If homeowners don't outright think renters aren't the "right kind of people", then they think renters have made "bad financial decisions" (things I've overheard constituents say to local volunteer electeds)

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Kay @twograckles.bsky.social · 13/08/2026

Fond memories of the time I spent a week without a mirror

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Kay @twograckles.bsky.social · 13/08/2026

Hearted this but the face I made was O_O

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Kay @twograckles.bsky.social · 10/08/2026

Gift link: www.nytimes.com/2026/08/10/u...

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Kay @twograckles.bsky.social · 05/08/2026

The two copies were instantly checked out so I'm first on the hold list! @sesmith.lol

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Kay @twograckles.bsky.social · 05/08/2026

Oooh!! I'm looking forward to reading! @sesmith.lol

Screenshot of a phone notification from the Libby app showing that the book All My Dead Cats and Other Losses by s. e. smith is now available to borrow at a library.

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Kay @twograckles.bsky.social · 03/08/2026

Free yourself. Know that any given person is only temporarily abled. Don't compare yourself to others, and don't compare others to you. Everyone, everyone is susceptible to cults and scams. Traffic calming isn't personal. "If that happened to ME, *I* would..." Not without practice you wouldn't.

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Kay @twograckles.bsky.social · 03/08/2026

Reframe "being alive" as an underlying health condition and we will go far

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Kay @twograckles.bsky.social · 03/08/2026

Starting the clock for how long to wait to pick sumac

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Kay @twograckles.bsky.social · 03/08/2026

Perhaps not surprisingly his Twitter version of the thread is much meaner: Max: "Anyway [I] get annoyed when people whine about pRiVaTe EqUiTy eroding the quality of consumer goods when cheap customers who refuse to pay for quality are to blame." Like, damn

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Kay @twograckles.bsky.social · 03/08/2026

Gift link: www.nytimes.com/2026/08/03/o...

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Crucial Comix @crucialcomix.bsky.social · 31/07/2026

She made an anti-catcalling sticker. When it blew up online... then the backlash arrived. www.crucialcomix.com/comic/she-mu...

crucialcomix.com

She Must Be Ugly

A comic about the experiences of being a female artist and how art- and women’s bodies- are perceived by others.

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Cloudy🐈 @hellocloudy.bsky.social · 30/07/2026

babushcats say destroy capitalism

a decorative guillotine painted with folk art floral motifs with a ribbon at the top and two babushcats framing it on the sides

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でんか @k-hermit.com · 24/07/2026

ギョウザ

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mushy @mushbeast.bsky.social · 15/07/2026

30% off everything until friday! discount applies at checkout www.mushbeast.com

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Kay @twograckles.bsky.social · 15/07/2026

Wow what a cute white throated sparrow!!! 💜

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-𝚖𝚘𝚡 ☃︎ ❄︎ @moxiest.art · 13/07/2026

we've been tasked with finding the baddest bitches on earth to fill their meds dispenser and do basic self care are you bad enough to answer the call? weekly reminder 💊⏰

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Kay @twograckles.bsky.social · 11/07/2026

The first time I went to a food pantry I felt shame and that I didn't deserve help. I still go, but now I'm angry and ashamed that we waste as much as we do, and that the people with the least get some of the worst, and are expected to make do with too little, and prostrate themselves more for it.

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Kay @twograckles.bsky.social · 10/07/2026

bsky.app/profile/51st...

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Kay @twograckles.bsky.social · 10/07/2026

I know this isn't what you're asking, but in case you or others want a little more info, they're named in news articles published today (landlords are John Steininger and Herminia Steininger) www.yahoo.com/news/us/arti... www.fox5dc.com/news/dc-sues...

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Kay @twograckles.bsky.social · 10/07/2026

Government should be the biggest employer.

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Kay @twograckles.bsky.social · 09/07/2026

A barista complimented my bird tattoos and we exchanged favorite birds. Mine: loggerhead shrike, hers: ruddy duck. I love it.

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Kay @twograckles.bsky.social · 08/07/2026

This game is SO CUTE and the whimsy is off the charts. Passionflower vines are how you transit between sky islands!

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Kay @twograckles.bsky.social · 06/07/2026

The flowers I made as prizes for #SGDQ2026 didn't get where they needed to go because of a shipping error, so I made new ones and sent them via a different shipper. Please. I hope they get there this time. I NEED them to be seen by fellow nerds.

A white and blue paper flower, a version of a Silent Princess from Zelda games.

Three paper windflowers, one red, one orange, and one white.

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Kay @twograckles.bsky.social · 06/07/2026

YES. Line cannot go up forever. There is a finite number of people. A little bit of profit is okay! Breaking even is okay!!!!!!

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Kay @twograckles.bsky.social · 03/07/2026

I think of paying for a short game as similar to paying to go see a movie at a theater. The game is always longer plus I get to stay home. With Forbidden Solitaire, I got to stream it for a long-distance friend, and we had SUCH a good time. I love short games!

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Ghostly Bree @mostlybree.kitrocha.com · 02/07/2026

We're so starving for consequences we're reading Vatican press releases

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Kay @twograckles.bsky.social · 22/06/2026

Why not? Raise more money! Fund things! Oh my effing god tax the wealthy.

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