Chamath Palihapitiya

The thing that is important is to narrowly focus on this one issue, which is that we do have some policy failures in this zone where earning an extra dollar often results in losing a dollar of benefits like SNAP and other things.

But that's a good thing to know because now we can narrowly say, okay, what are states and what can the federal government do for people in just this part of the valley, this sort of like death valley?

But that's a good thing to know because now we can narrowly say, okay, what are states and what can the federal government do for people in just this part of the valley, this sort of like death valley?

The last thing is the article was saying, look, there is no real middle class.

The last thing is the article was saying, look, there is no real middle class.

There are the people that are above 140K and then there's everybody else in poverty.

There are the people that are above 140K and then there's everybody else in poverty.

And if you look at the census data,

And if you look at the census data,

And you look at the percentage of Americans that are struggling, those that earn between 100% and 200% of poverty, that percentage has actually fallen.

And you look at the percentage of Americans that are struggling, those that earn between 100% and 200% of poverty, that percentage has actually fallen.

So the good news is the American economy seems to be doing a good job of not just getting people out of poverty, but getting people out of that struggling bracket, out of that death valley, and into a place where they're making money.

So the good news is the American economy seems to be doing a good job of not just getting people out of poverty, but getting people out of that struggling bracket, out of that death valley, and into a place where they're making money.

200% of that poverty line.

200% of that poverty line.

So they're moving up.

So they're moving up.

So the article is important because I do think it starts to say, look, this affordability thing has become a buzzword.

So the article is important because I do think it starts to say, look, this affordability thing has become a buzzword.

A lot of people on the left and the right are using it to try to implement and affect policy.