Birdwatch Note Rating
2023-12-26 10:51:41 UTC - NOT_HELPFUL
Rated by Participant: 4EAE658ADE2ACD29F0F3B965C4E107E5CFE4CAAB80F82D37D5D610D539B9A0A1
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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