$140,000 poverty line in a RIGGED economy | Mike Green, Simplify Asset Management

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.This episode is sponsored by Public: https://public.com/openingbellSubscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/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 MikeDisclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.#podcast #investing #markets #macro #stocks #bitcoin #fed