Birdwatch Note Rating
2023-06-13 15:44:50 UTC - HELPFUL
Rated by Participant: 2072B650E7DC8758326A8C2C20D6A42C73017D5BF4DFE100E971C61582E2B182
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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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