Birdwatch Note Rating
2023-12-26 08:44:20 UTC - NOT_HELPFUL
Rated by Participant: 2EF7E46744B21CDC4B77E8AD4F74249E24DDD48A9390C14702809CF0DB8AA148
Participant Details
Original Note:
Wealth taxes often lead to tax evasion and capital flight, undermining their purpose. The decline in OECD countries using wealth taxes highlights implementation challenges, as they raise little revenue and are riddled with exemptions and implementation problems. https://www.cato.org/tax-budget-bulletin/taxing-wealth-capital-income https://www.oecd-ilibrary.org/taxation/the-role-and-design-of-net-wealth-taxes-in-the-oecd_9789264290303-en
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