Birdwatch Note Rating
2023-06-14 13:11:05 UTC - HELPFUL
Rated by Participant: 80232866A85A464C6FE74E4DB3291655244FB5C53AF3C31BA3440BB67B7E1C52
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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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