Birdwatch Note Rating
2023-10-09 05:47:08 UTC - HELPFUL
Rated by Participant: 0888F46A97233D4179E28EA49858A22D7C418B995F91287E03DB3A0514E50526
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Original Note:
Notes pointing to high income tax rates ignore the fact that many billionaires derive their wealth through capital gains, which is taxed at a much lower rate (e.g. when selling a company or stock). Other billionaires use loopholes to avoid paying tax on billions. One example: https://www.nbcnews.com/tech/tech-news/billionaire-investor-peter-thiel
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