Birdwatch Note Rating
2024-05-14 00:41:20 UTC - NOT_HELPFUL
Rated by Participant: EC052DE1D6C39686B168EEB0DBB82A31449376DA821B0DB4563E038215964AFA
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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