Birdwatch Note Rating
2023-12-02 20:47:13 UTC - HELPFUL
Rated by Participant: AF7BA36AB6C7225926C7A4586E699AF131055016E3E5E134145143DF98E2A3BD
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