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AOC says she's worth less than $500,000 after kickback claims — and seems to get kudos from Trump fans in response
(www.businessinsider.com)
this post was submitted on 06 Feb 2025
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How does "I'm not even worth half a million" mean "I have hundreds of thousands of dollars in the bank" to people. I don't get it.
If you have a retirement account and a home, you're probably worth more than that anyway.
Who said it does? You're confusing me here
The name Kusimulkku is very much Finnish (it means peehole). Houses don't all cost half a million dollars there and retirement is funded through taxation. 500k net worth in Finland is comparable to being a millionaire in the US I would say. You would probably have 6 digits in your bank account OR own majority of a small company if you're worth 500k.
A lot of people also don't count their only residence as part of their net worth as it's their home, not an investment vehicle and definitely not liquid. Things change when you can afford multiple properties, but you aren't going to sell your only home just because it has appreciated - everything else has likely also gone up then.
Just saying, his perspective coule be very different from yours. I know this because I'm Estonian and 500k to me sounds like a pretty high net worth.
I suppose we could be cheeky, take Solidium - the Finnish sovereign wealth fund - and amortize assets across the population as "collective wealth". But holding individuals with 401ks to account for being "rich" because they're doing the only legally expedient form of retirement savings is absurd, I agree.
I think my point is more along the lines of "I don't even have half a million dollars" doesn't imply to me that they have half a million dollars.
Hmm to me it implies it's close though. Maybe 300k, maybe 400k. At her age it would be an impressive where I come from.
Cripes read, she has 170k total.
I think if she anchored it different, I might think like you. But "I don't have a million; not half a million either" doesn't imply to me it's close. Maybe like 100k. But saying that she said she's worth so much and quoting her saying "I'm not even worth X" as the proof is nonsense. Especially in response to someone with quotes from the article stating that it's like $125k.