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Originally Posted by Jacks
We can add 3 billion and it's still less today in real dollars than it was a long time ago.
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It is actually about the exact same, which considering the recent downturn knocking out a sizable percentage of money isn't that bad.
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Not that I think the WR's projections are doable but saving 1/2 of the surplus dollars doesn't sound unreasonable.
But did we actually save any new money? adjusted for inflation the fund has lost plenty. Just on investment income alone it should be way higher.
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I am not saying that it is a bad idea, I just worry about where they are planning on finding this extra surplus money without raising taxes... because I am pretty sure it is going to come at the expense of social services and necessary infrastructure which costs money in the long run
Ignoring the fact that there was an economic downturn that wiped out profits it is almost the exact same using the inflation calculator from the Bank of Canada.