Birdwatch Note Rating
2023-06-13 17:21:20 UTC - HELPFUL
Rated by Participant: 0479A5C7A37C01D89394DA258A2F47D72BDFDEA7F4578D3D36A65EDE2A22370A
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Original Note:
This in not entirely true. We are experiencing an “across-the-board” tax increase of 15% due to what is being termed The Inflation Tax. Inflation is running at 7% so $10,000 in 2020 in a savings account (IRA, 401k, etc.), will buy only about $8,700 worth of stuff today. https://www.forbes.com/sites/williamdunkelberg/2023/01/05/the-inflation-tax/?sh=1d6656162f03
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