Birdwatch Note Rating
2024-05-15 00:10:11 UTC - HELPFUL
Rated by Participant: 14A80FAC6BF355E01A0C4A2B77E1943BE73F2733AC697F716D6BFCB5A3565F66
Participant Details
Original Note:
A different 0.13% pays every year, which means many will pay it - not the richest, but those who save the most. The economic incidence of the tax is on everyone because as a tax on savings, it shrinks the capital stock, reducing labour demand. It taxes pension funds too. https://www.canada.ca/en/department-finance/news/2024/04/tax-fairness-for-every-generation.html https://www.jstor.org/stable/2296700
All Note Details