Birdwatch Note Rating
2024-05-18 23:42:27 UTC - HELPFUL
Rated by Participant: 713F3A8B7B237082C47D15B568AFC973A277E89063DAA4C43471F87F02A4A745
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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