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> and the population of payers actually increased 25% since instituting it

This was obviously going to happen when you have a static number and inflation keeps going up. Inflation between 2022 and 2025 has been huge. Perhaps not 25% huge, but a large part of this "growth of payers" is just due to inflation.

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This doesn't remotely begin to compute. Inflation is a measure of prices of goods and services, not of incomes. There is no reason to believe that high inflation results in higher nominal incomes.

Heck the opposite is true - it's why high inflation is so despised, specifically because prices outrun income growth.

this isn't even remotely supported by the data out there https://www.brookings.edu/articles/has-pay-kept-up-with-infl...

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