Thursday, November 30, 2023

The Huge BidenTax of Inflation

 The Joe Biden regime is expensive--for you.

Just to maintain the same standard of living that Americans had at the beginning of President Joe Biden’s term, households have to spend an additional $11,434 per year, according to CBS News.

Since January 2021, when Biden first took office, inflation has risen 17%, far outpacing the 2% per year that the Federal Reserve aims for, while average hourly wages have only increased 13.6%...

Wait, wait!  There's more!!!

 If you think that getting 13.6% raises means you're only short about 3.5% after Biden,  you are wrong!

After Fed and State taxes, 13.6% is really only 9.5% or so.

So your Net Biden Losses are about 7.5% in just two years.  To catch up with BidenFlation, you'd have to have gotten raises of about TWENTY-TWO percent.

Go ahead.  Ask your boss for another 8.5% to make up for the BidenTax of inflation.  We'll hold your coat, and everything.

Good luck!

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