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Pastimes : Let's Talk About Our Feelings!!!
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To: Lizzie Tudor who wrote (71905)1/10/2000 9:58:00 PM
From: Jacques Chitte  Read Replies (1) of 108807
 
Means testing should be applied to SS but not in the conventional sense. Detailed records should be kept of every penny - who paid what in and when. Compound interest should be computed using formulae for inflation. Honest formulae - ones that include the price of a 30000 mile checkup or a week in intensive care. The IRS requires it of us; let's require it of the SS administrators.
Then each individual account will have a real balance that can then be arranged for annuity style disbursement. Those who didn't pay much in would get little out.
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