Birdwatch Note Rating
2023-12-01 13:54:32 UTC - HELPFUL
Rated by Participant: 054A46E77687CD48E5B830248EB17DEB76F8A5F9A3C3222B91E7438645B92AF1
Participant Details
Original Note:
Europeans found that imposing punitive taxes on the wealthy was counterproductive. Wealth taxes encouraged avoidance, evasion, and capital flight. In most countries, wealth taxes raised little revenue and became riddled with exemptions. https://www.cato.org/tax-budget-bulletin/taxing-wealth-capital-income#complex-administration
All Note Details