Birdwatch Note Rating
2024-06-11 03:05:20 UTC - HELPFUL
Rated by Participant: 32E06FF31A04ECA310232363DED011F4625326F4CAF017A764CDA3DC0E98FB55
Participant Details
Original Note:
Once upon a time this may have made sense but given our current massive levels of debt (over $100T including entitlements) more taxes on the rich are not going to free up more money to spend. https://reason.org/commentary/the-true-depths-of-the-us-debt-crisis/#:~:text=But%20beyond%20the%20debt%20figure,47%20percent%20of%20that%20total. Biden’s proposed 25% wealth tax would only raise $500B over 10 years. https://www.cnbc.com/2024/03/15/bidens-billionaire-tax-hits-the-super-rich-can-a-wealth-tax-work.html
All Note Details