Birdwatch Note Rating
2023-12-01 14:20:58 UTC - HELPFUL
Rated by Participant: D3D1D8D20B73ADCCFC191A6BD03D1D6266EBB1C105526690172F2B832FC32532
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