Birdwatch Note Rating
2023-12-26 06:00:06 UTC - NOT_HELPFUL
Rated by Participant: 822AA09B9F7154C721435C57772115A044658F355667622DDA7923DE8BE8724C
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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