Huh, she’s like rally bad at congressing.
She’s probably doing something like whats in the job description instead of not that, which is the style at this time.
But how many gold bars has she had sewn into her work attire?
The shocking part of this is the up to 15k in a 401k after 5 years. Like… That’s surprisingly low.
She has to maintain a residence in both DC and NYC. That could be a big factor in not having money to invest.
Perhaps she invests elsewhere; where one can better control which entities they are funding. She’s a principled person.
Poor people with new access to money aren’t very smart with it, shocker.
Poor people with new access to money don’t have decades of surplus. It takes a long time to pay off lingering debts from when you were poor, get medical treatment for issues you were neglecting, save an emergency fund, and then start investing. It’s a year’s long process to go from poor to well-off, even after you secure a high income. The only time it’s immediate is with a sudden windfall, where you get millions all at once.
Unsympathetic people who don’t realize how expensive it is to be poor make ignorant statements, shocker.
The most telling number is the 401k one. If she was the wealthy sort, she’d probably be exploiting that sort of thing as much as possible.
Or maybe not, because she knows it will be in the disclosure. But most wealthy people follow professional advice on how to pay the least taxes, and that includes exploiting retirement fund tax breaks.
401ks have specific limits on how much you can contribute. Most big wealth comes from ownership of stock and other assets.
Yeah, but the 401k limit is 22.5k (for 2023). You max the tax advantage before investing in non-advantaged stuff.
It just strikes me as the episode of simpsons where the kids add up principal skinners yearly income and determine he must be a millionaire because his 25k income and being 40 years old to them means he made a million dollars.
Like you have to pretty much ignore everything and be very bad at math to make it seem like she should be well off.
