Birdwatch Note Rating
2023-06-14 03:08:49 UTC - HELPFUL
Rated by Participant: 6288A2485FA05B43C44D2D3D055A6B28B744B5D8F23FE427B6D11658A041CBDB
Participant Details
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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