In any event, no tax deduction is allowed for items in less than good condition, a determination that must be made in writing by the recipient of the goods in question.

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And the obvious question to ask after that is whether the capital and people working in the future will produce enough goods and services to provide those who have retired with the standard of living that they expect or at least hope to have, based on the dollar value of their retirement savings and entitlement benefits.

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