Hacker News new | comments | show | ask | jobs | submit login

An average home is considerably bigger now than in 1970. Health insurance pays for more medicine than in 1970 and probably has a lower deductible as well. Two cars > one car. So that indicates we have considerably more stuff than we did in the past.

In any case, Warren shows incomes increased about 75%. Housing increased similarly, health insurance and other such goods increased less than 75%, and tax was the biggest increase at 140%.

(In the book, she presented the tax numbers in a strange way, completely differently from all her other numbers which confused nearly every reporter who wrote about the book.)

Your presentation is kind of one-sided. Warren concluded that modern families are worse off for a reason, as outlined in the Mother Jones article.

I cited Warren's data, which backs up my point: that everything besides tax has gotten cheaper between 1970 and 2000. She has an opinion which I didn't cite. So what?

More than just an opinion. For example, your Panglossian summary failed to mention that bankruptcies are through the roof. Elizabeth Warren is not stupid. She didn't come up with that opinion for no reason.

I doubt anyone else is reading this anymore so I'm not going to go into detail. I just wanted to correct what you said so others wouldn't be misled. You can have the last word.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | DMCA | Apply to YC | Contact