Birdwatch Note Rating
2023-12-01 21:59:47 UTC - HELPFUL
Rated by Participant: 1CB9288E941633617F93338A69246DBA5B796E3829A771E2D81F56BE42C62DBC
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