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Subject:  Re: Entitlement, stolen... Date:  12/14/2012  1:25 AM
Author:  0x6a74 Number:  414730 of 507719

put that way-- how much are we ENTITLED to ?

Depends on what the original "contract" was, what the opportunity cost was over that time period, and what the inflation adjusted value is.

the 'original contract' was that there was some magic formula that took into account earnings, maybe CPI, but not opportunity costs** ,but
it might be tweaked over the decades , but not cut severely

IMO one of the genius things about the system: it was crafted so
that it can be interpreted in any of 4 ways (to make it
politically palatable at the time)
savings , insurance , tax ,

** you can find the formula online -- I forget where,
but it made 1040 look simple
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