Birdwatch Note Rating
2024-05-14 18:12:10 UTC - HELPFUL
Rated by Participant: 4C872AC7406FBABE17278B3D2C460AD5B763FA92C9CEE1B8B4F43C42712090F1
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
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