Birdwatch Note Rating
2023-10-09 15:50:42 UTC - HELPFUL
Rated by Participant: 717C51BC8F92B22AE31422EC14774F7D891D5ADD620F9DE744F390C1B8969335
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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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