Birdwatch Note Rating
2023-10-09 03:17:16 UTC - HELPFUL
Rated by Participant: D4C49370B455EA61B56909ED7DCF3552ECD971B9C89431A891474BD2F2EF1A14
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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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