4 ms·

I appreciate people being able to confront a senator unannounced in an open space. One question, is that boat really a yacht? Looks small to me. May not really

I appreciate people being able to confront a senator unannounced in an open space. One question, is that boat really a yacht? Looks small to me. May not really be relevant. Joe Manchin's net worth is at least several million dollars, but it's not enough to classify him as part of the 1%.

0x000000001 5y ago
Only takes about $500k to be in the 1% https://www.businessinsider.com/how-much-money-you-need-to-make-top-1-percent-2020-2 https://www.businessinsider.com/how-much-money-you-need-to-m...
- deleted 5y ago
  [deleted]
- frankbreetz 5y ago
  500k income, not networth. Parent was speaking of networth
  - 0x000000001 5y ago
    So he's worth several million but that's still not part of the 1%? what?
    - polka_haunts_us 5y ago
      My parents are worth several million, they've spent their lives as a high school teacher/administrator/community college professor and an administrative assistant. Some boomers were just able to buy houses and otherwise save for retirement because that's how the world used to work, it's crazy I know.
      - 0x000000001 5y ago
        That still makes them part of the 1% I think a lot of people get confused about the 1% and the .1% where the billionaires live.
        frankbreetz 5y ago
        Joe Manchin is not in the 1% by net worth either, He has a net worth of 7.6 Million[0] and you have to have a net worth of over 11 Million of be in the 1 %[1] [0] https://www.opensecrets.org/personal-finances/joe-manchin/net-worth?cid=N00032838&year=2018 https://www.opensecrets.org/personal-finances/joe-manchin/ne... [1] https://dqydj.com/top-one-percent-united-states/ https://dqydj.com/top-one-percent-united-states/
credit_guy 5y ago
It is technically a yacht, as it is 65 foot long, and the threshold for a yacht is only 40 ft. Manchin bought it second hand for $220k in 2013 [1] from a liquidation broker. [1] https://www.documentcloud.org/documents/4946155-House-Boat-4.html https://www.documentcloud.org/documents/4946155-House-Boat-4...

0x000000001 5y ago

Only takes about $500k to be in the 1% https://www.businessinsider.com/how-much-money-you-need-to-make-top-1-percent-2020-2 https://www.businessinsider.com/how-much-money-you-need-to-m...

deleted 5y ago
[deleted]
frankbreetz 5y ago
500k income, not networth. Parent was speaking of networth
- 0x000000001 5y ago
  So he's worth several million but that's still not part of the 1%? what?
  - polka_haunts_us 5y ago
    My parents are worth several million, they've spent their lives as a high school teacher/administrator/community college professor and an administrative assistant. Some boomers were just able to buy houses and otherwise save for retirement because that's how the world used to work, it's crazy I know.
    - 0x000000001 5y ago
      That still makes them part of the 1% I think a lot of people get confused about the 1% and the .1% where the billionaires live.
      - frankbreetz 5y ago
        Joe Manchin is not in the 1% by net worth either, He has a net worth of 7.6 Million[0] and you have to have a net worth of over 11 Million of be in the 1 %[1] [0] https://www.opensecrets.org/personal-finances/joe-manchin/net-worth?cid=N00032838&year=2018 https://www.opensecrets.org/personal-finances/joe-manchin/ne... [1] https://dqydj.com/top-one-percent-united-states/ https://dqydj.com/top-one-percent-united-states/

credit_guy 5y ago

It is technically a yacht, as it is 65 foot long, and the threshold for a yacht is only 40 ft. Manchin bought it second hand for $220k in 2013 [1] from a liquidation broker. [1] https://www.documentcloud.org/documents/4946155-House-Boat-4.html https://www.documentcloud.org/documents/4946155-House-Boat-4...