ABitSpicy on Nostr: Using the bitcoin.rocks compound inflation calculator, a person making $50,000 25 ...

Using the bitcoin.rocks (npub18kp…69c4) compound inflation calculator, a person making $50,000 25 years ago (1999), would need to make $98,500 in 2024 to maintain the same purchasing power . This example is using a 2.75% average inflation rate over the past 25 years.

Another point for consideration is the progressive nature of taxes. Someone making $98,500 is likely taxed at a higher rate than someone making $50,000. Therefore, the person making $50,000 would likely retain more of their income than the same person making $98,500.

So, who truly benefits from the combination of inflation and a progressive income tax system? 🤔

If only there was another option that was not subject to inflation…..

#Bitcoin