Birdwatch Note Rating
2024-05-14 00:34:48 UTC - NOT_HELPFUL
Rated by Participant: CD9CCE4715A1FEB962BC73AE5E5B30DE346AD0FAAB85BFA36FA3E2F9EBE0FE3E
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