Birdwatch Note Rating
2023-07-27 23:27:02 UTC - HELPFUL
Rated by Participant: F59EE98567F37686CC2F77164282543BEFA88FBFB0228A03BC264ABDAA65C8DF
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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