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by erentz
2157 days ago
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The change from CPI to “Chained CPI” back in the 90s (?) has been a bit of a con IMO. It was designed to reduce the amount of inflation reported. Making it the official inflation metric used for social security meant that SS cost of living adjustments went down screwing people on social security (that they had already paid for). It also then started to get used later on to set the tax brackets. Which again screws people by slowly pushing them into higher tax brackets. I prefer the older CPI system. It’s still imperfect but it was fairer. |
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