Birdwatch Note Rating
2023-12-26 11:03:38 UTC - NOT_HELPFUL
Rated by Participant: C6B3CB1F6FF51CD2FA7805E3DE539E28A89E113099F5ED72A7C26D402A91A136
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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