Posted on 08/07/2024 4:03:25 PM PDT by Oldeconomybuyer
Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, owns no stocks, bonds or real estate, according to his most recent financial disclosure.
Walz’s salary as governor of Minnesota is $127,629. He was eligible for a raise last year to $149,550, but he chose not to accept it, according to the state.
If Walz is elected vice president in November, he would make an annual salary of $284,600, based on 2024 rates.
In 2019, after Walz was elected governor, he and his wife sold their Mankato, Minnesota, home and moved into the governor’s mansion. They listed the four-bedroom house for $315,000, after buying it in 1997 for $145,000.
Walz’s modest financial profile stands in stark contrast to that of Republican presidential nominee Donald Trump, who is a billionaire several times over, and to Trump’s running mate, Sen. JD Vance of Ohio.
Forbes estimates Vance’s net worth, based on publicly reported investments and cash, to be between $3 million and $10 million.
(Excerpt) Read more at cnbc.com ...
I don’t look down on anyone for being poor but this is just weird.
No house? No retirement?
That is my guess. A spouse or Trust.
I used to believe that about Biden and thought he must be a total dumbass not to profit from his position, until I became more informed about his crime family businesses.
My wife and I had 403(b) and 401(k) programs as well as personal IRAs plus personal investments outside the retirement program.
My point still stands — he’s SIXTY years old and his only assets are his retirement savings? That is absolutely abnormal.
You don’t want people in government with power to affect our finances if they don’t know how to take care of their own finances.
Does he own 30 pieces of silver?
That would be respectably modest except for the 30 trips to China.
“Walz’s salary as governor of Minnesota is $127,629. He was eligible for a raise last year to $149,550, but he chose not to accept it...”
Clearly, he is not fiscally responsible.
And lets not forget, one of the first things a businessperson is taught is to use the name of a Corporation as the business title, not your own name. Vanity can wait, mostly.
A corporation is able to buy and sell property, sue and be sued, while protecting it’s owners from direct liability.
Betcha he is majority stockholder in Tambrands. 😁
Funny you should mention that.
I see for Terrible Timmy and his wife:
How much are memebers of his family worth?
Sound more like a dem voter and not one of their overlords. Who several mansions and millions in the bank
You and your wife appear to have looked at the long range goals of security in savings, with most with taxes deffered.
Good planning. Sector funds are always available, in case you want to try your luck with a small group of equities.
Good for a quick rush of excitement, if needed.
How much is Kamala worth Mark? How much is her husband worth? somehow they don’t mention him
And AnOTHER one of he makes VP! GOD FORBID!!!
Thanks.
We always maximized our savings with the employer match. Why leave free money on the table?
We are in our early 70s and still heavy in equities and real estate. Our strategy has worked out real well for us. Fortunately, our real estate has been in two outstanding markets - Silicon Valley and the Coeur d’Alene area.
Weathering these regular deep downturns takes a strong stomach, but I bailed out of stocks only once back in the 2000 tech crunch...and missed getting back in quickly enough. Lesson learned.
A 60 year old that owns no stock, bonds, or real estate? He is too foolish to be Vice President. Not everyone does of course. However, if you are going to be a part of creating policy in a country, you should have some experience in the concerns and issues that effect the majority of people in the nation. The majority of people who make this country operate own stocks, bonds, or real estate. Those are the producers in our country! How will he understand the economic issues of our nation and how policies affect those issues?
Not all decisions are about putting menstrual products in boy’s restrooms or letting rioters destroy businesses. No wonder he let those buildings burn. He has no idea how the economy works. Did he just think “insurance will pay for it” without understanding the other repercussions?
No stocks, bonds or real estate? This doesn’t pass the smell test. Where did he plan to live after he leaves the governor’s mansion (besides the VP’s residence, of course).
(Of course, this also means he is too stupid to take advantage of the opportunities that comes with being a politician/governor. Not all opportunities are corrupt).
/r
This isn't even including their Social Security, which will be quite a tidy sum for the two of them.
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