there’s simply 0% chance that any family anywhere in this country is living in poverty with that kind of income.
The original Substack addresses this point, but the short of it is: Most income gains from 35k to 100k are cancelled out by a loss of government benefits, so there’s a lot less difference between these than you’d expect. You only start making real gains starting from 100k. Now a family making 100k will have expendable income that’s true, but the vast majority of its income will still go towards essentials so it’s still one emergency away from insolvency.
Edit: This means that a family with two incomes and two young children making 50k is getting a market price equivalent of 50k in government benefits, so we can crudely approximate families straddling the poverty line as making 100k net. In that case the difference between the effective official poverty line and the proposed poverty line is a large but realistic 40%.
Unfortunately, no it doesn’t address that point. It’s basically, if you pervert the definition from a century ago and interpret it in one specific way for a way of life that’s hardly anywhere close to the standard/average, then you can maybe make a clickbait case for a super high income that drives engagement. Think of the click through and comments!
The original Substack addresses this point, but the short of it is: Most income gains from 35k to 100k are cancelled out by a loss of government benefits, so there’s a lot less difference between these than you’d expect. You only start making real gains starting from 100k. Now a family making 100k will have expendable income that’s true, but the vast majority of its income will still go towards essentials so it’s still one emergency away from insolvency.
Edit: This means that a family with two incomes and two young children making 50k is getting a market price equivalent of 50k in government benefits, so we can crudely approximate families straddling the poverty line as making 100k net. In that case the difference between the effective official poverty line and the proposed poverty line is a large but realistic 40%.
This makes way more sense. Thanks for the explanation.
Unfortunately, no it doesn’t address that point. It’s basically, if you pervert the definition from a century ago and interpret it in one specific way for a way of life that’s hardly anywhere close to the standard/average, then you can maybe make a clickbait case for a super high income that drives engagement. Think of the click through and comments!
What? You’re not making any sense.