Birdwatch Note Rating
2023-12-02 14:07:25 UTC - NOT_HELPFUL
Rated by Participant: D1D00015C8561B505BE56F60409974525BE4474D6C5D2B6A1F5DA36ED851B6D0
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