Birdwatch Note Rating
2023-06-14 11:12:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FD035E50D6E0AB6C4654F6363B3A5CC1587043CEBD4185A91668C51CED8E199D
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
All Note Details