Birdwatch Note Rating
2023-12-01 00:28:08 UTC - NOT_HELPFUL
Rated by Participant: B6BD217CF7AA1FEB1DD836439BA4C5B50C3AD6E28FF9423371B1E66112DB2B52
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
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