Birdwatch Archive

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2023-06-13 15:28:16 UTC - NOT_HELPFUL

Rated by Participant: 0FED2C9FBBAD070C186193DEC0ADD04A6CC96009F3C6942BBBC2AE010D028B51
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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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