Birdwatch Note Rating
2023-12-01 11:40:46 UTC - NOT_HELPFUL
Rated by Participant: 78D70905414D743FB92CC86E531174B77D4D62A4771723AF3628136043FF7625
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