The US government says that a family of four can get by on $32,000 a year.

That is the government-recognized poverty line.

But even if you make that much as a single person, you know intuitively that that feels

like you're just scraping by.

Today's show brings Mike Green, the CIO of Simplify Asset Management, on to discuss his

viral and divisive essay that proposed

the new poverty line should really be $140,000 a year.

This has erupted a ton of controversy across the internet from the right and the left,

and Mike joined us today to answer his critics, explain the math behind the issue he's addressing, and tell us where we're going next.

I think everyone should listen to this conversation, start to finish.

I learned a ton speaking with Mike, and I think you will too.

Mike, it is great to have you back on the show.

A lot has changed since the last time you were on.

You've written a very viral, very controversial essay that essentially laid out the poverty line in America is closer to $140,000 than the government proposed $32,000.

There's something going on here.

Can you help us explain that gap in the middle?

Well, I think first of all, the most important thing is to recognize that I just got bored

of writing about passive, right?

So it wasn't like I tried to actually write something that went viral, et cetera, as I got

drawn into some of these conversations about inequality and the changing perception of access

that exists, particularly amongst the younger generation,

you know, you have two ways of dealing with it. You can return to the official data and be like,

...