Birdwatch Note Rating
2023-12-02 16:35:09 UTC - NOT_HELPFUL
Rated by Participant: C4766A2AEB74F569B8F68E4EAAD5392A09B1D24064AB680C243807EFA55BBED4
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