The author provides us with an explanation of the various methods the One Percent ruling classes use to reduce payments to Social Security recipients and to disguise the falling living standards faced by all Americans--except, of course, the One Percent.
The rich, together with their bought-and-paid-for politicians, saw that it was impossible to explicitly reduce well-regarded programs such as Social Security (government-provided pensions) that benefitted the mass of the population rather than just themselves. So instead, they decided to reduce them a little bit each year by falsifying the CPI, upon which the yearly “cost of living” increases were based, in a way that made it underestimate the actual rate of inflation.