Birdwatch Note Rating
2023-11-30 21:55:34 UTC - HELPFUL
Rated by Participant: 7293B35D10C6CAABEA9590669876E0CEE096AFD1187E67A4BACC83FFAC60C739
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