Summary
Rep. Alexandria Ocasio-Cortez denied claims that she is secretly wealthy, stating she is worth less than $500,000 and doesn’t trade stocks or take corporate money.
Her financial disclosures show modest savings and student debt.
Some conservatives on X, despite opposing her politics, praised her perceived integrity.
Accusations of political corruption have surged online, partly fueled by Elon Musk.
Can we all please notice how under capitalism, you can refer to people being ‘worth’ a dollar amount? Money is something you have, it says nothing about who you are. I’m fine with having an amount of wealth, but your worth is not measured in dollars, that’s fucked
I get what you’re saying. But the term is generally used to clarify that the amount quoted reflects the person’s assets and their value, and not just their liquid cash. Which a lot of people in this thread seem to not understand. I agree we should probably use a different term for that, but for now it works as easy short hand for “this is is how much this person owns in assets and liquid cash combined.”
I might be wrong on this, but I think the term also includes income into the account, like how much someone brings in per year. And it might also subtract debt, though I’m not sure of either of those.
Just in case anyone is curious- It’s assets minus liabilities, so income is not directly included, but debt does get subtracted.
I can agree with both comments here. It can be a useful to talk about, but the name of it is icky, especially if you’re tying your worth as a person to it (which definitely happens).
That’s literally all I said. I know what it means