His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
No book deals or speaking fees or crypto or racehorse interests.
Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor's mansion, for below the $315k asking price).
Okay yeah I'm super happy that Harris replaced Biden on the ticket and everything, but the more I learn about this guy the more I want him to be actual president. VP's certainly a good compromise for the circunstances though!
Expect the corporate media to go hard against him using the "sochalist" attacks because he's already proven he can't be bought and that scares the shit out of the billionaire ruling class.
This guy is doing a great job of making everyone realize just how fucking weird the cons truly are.
And I'm loving every minute of that. I've been calling them creepy weirdos for years - after hearing it said on The Professional Left.
I'm glad this guy is taking it to the national level. The Republicans are getting weirder and weirder by the minute and it's about high time someone with a big platform started pointing out what is so obvious to so many people.
How much time have they spent on attacking a woman from a country they probably couldn't find on a map and that is in a sport they now have to suddenly pretend to care about (do they truly care about any women's sports, if we are being honest?). Way to go, guys. People call you weird and you and get even fucking weirder. 🤣
This guy is the real deal and everything, but I wouldn’t begrudge him what I have for myself, which is some investments in broad index funds, mainly. Something to rely on when I finally fuck off from the office.
This seems unwise. Does he not have any significant savings or is he letting inflation devalue his savings? I don't think a politician should invest in specific companies but I also don't think owning shares of an index fund creates any conflict of interest. It would simply be an investment in American prosperity.
Edit: I suppose insider trading isn't impossible even with index funds if, for example, a politician finds out about federal interest rate changes before the rest of the market does. However, that sort of speculation is pretty clearly distinguishable from buying and holding shares of an index fund as a long-term investment.
I like the guy but isn't the Occams Razor answer that the guy making $127k/year with no mortgage DOES have investments of some kind, they're just in his wife's name or not reported for some reason?
This is some bullshit. He invests heavily into private pensions, which invest heavily in the stock market.
This is like saying you don't invest in the stock market because you have a 401k. You're still absolutely invested in the stock market even if it's index funds recommended by your plan administrator. Your net worth dips every time the market dips.
At least he's not in a position to buy or sell individual stocks, but he's still got his finances tied up in the health of the overall market, and depending on the pension funds, potentially tilted towards specific industries.
I still like the guy, and think this is an improvement over other politicians, but we need to speak honestly about it.
I don't think hes dumb, so the other explanation is that he's wealthy enough that he doesn't need to play the game and can do this to make a statement. Sounds like a nice place to be frankly.
For the rest of us, having any money left over at all for saving and saving it in a way that is not utilizing etfs or index funds is just letting a bank extract market profits off your money at your expense. If you're not playing in the rat race I hope you have a real dull axe to grind, because you are simply opting out of what the world basically expects your finances to do.