Mike Green is the CIO of Simplify Asset Management. He joined Phil Rosen to discuss his viral and divisive essay asserting that the US poverty line is closer to $140,000 than the government stated $32,000. They discussed solutions to the affordability crisis, why Gen Z and boomers disagree on cost of living, criticisms from the right and the left, and much more.
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Timestamps:
0:00 - Redefining poverty0:50 - Real poverty line math5:28 - Generational debate10:07 - Ivory Tower critics15:57 - Public & Generated Assets17:05 - Not being rich vs. being poor19:09 - Collapsing birthrates21:27 - Government policy23:30 - Tax credits and inflation24:45 - Right vs. left26:54 - Meritocracy flaws29:15 - New solutions35:25 - How this all ends39:18 - Socialism rising44:42 - Follow Mike
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