Birdwatch Note Rating
2024-05-14 13:54:12 UTC - HELPFUL
Rated by Participant: 944540746EB26541F9BE0FFB8744EAF0D3F5866949A8534249B5C04C63D89836
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