Birdwatch Note Rating
2023-12-01 01:42:56 UTC - HELPFUL
Rated by Participant: D335DDB4D256960AE856FBA7677C2662B267CD433D5B9CD5EA83E46CA08CDB60
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