@Leon Said
His beef that people making very little end up getting just as much compensation as those making 60 grand (after taxes).
I'm not sure how widespread or accurate that data is, but if it is he has a pretty legit argument in my opinion.
Yes... I followed some of it, but if his data is supposed to represent a person's ("average" person's) income and expenses per year... it is missing a considerable amount of information... rent or mortgage, vehicle loan or lease, vehicle insurance, gas, food, utilities... etc...
For example: If a person has a gross "income" of $60,000 per year and lives in So. Florida and owns/rents a vehicle, owns/rents a house/apartment, pays for electricity/TV-Internet connection, actually eats food on a daily basis and pays for it, pays for the insurance for the vehicle... etc... (you probably get the point)... buys clothes once in a while... etc... a person (again in So. Florida) could quickly run out of money on a monthly basis... even being fairly frugal.
Now throw in a family tragedy (death, illness, arrest of family member, hurricane, flood or fire etc...) a person very quickly be under water (financially) and even homeless...
and $60,000 per year seems like a pretty good income.
Anyway, the point being: Glen's pretty little spread sheet doesn't seem to cover reality very well.