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Tim Walz doesn't own any stocks

sun rise

sun rise

The world is on fire
Premium Member
Not even when he was a Congressman did he profit from that. Very few if any other Congress members can say that
  • Gov. Tim Walz of Minnesota is a man of relatively modest means, according to financial disclosures.
  • In fact, he doesn't own a single stock.
  • Like other members of Congress, Walz even slept in his Capitol Hill office for some time.
Nor did he own a business or have a book deal, a common source of extra income for high-profile politicians.
...
In Congress, Walz sponsored the Stop Trading on Congressional Knowledge Act, a bill that formally banned insider trading and established the current system of periodic disclosures for lawmakers trading stocks.

www.businessinsider.com

Tim Walz doesn't own any stocks: What to know about Kamala Harris' running mate's personal finances

Gov. Tim Walz's financial disclosures reveal a man of relatively modest means.
www.businessinsider.com www.businessinsider.com
 
Kathryn

Kathryn

It was on fire when I laid down on it.
Hey, I have some stocks. I mean, you know, in retirement accounts.

By the way, I couldn't figure out how to get into Business Insider so finally I just Xed out of it. It kept trying to make me pay something or other and I got tired of it.
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
sun rise said:
Not even when he was a Congressman did he profit from that. Very few if any other Congress members can say that
  • Gov. Tim Walz of Minnesota is a man of relatively modest means, according to financial disclosures.
  • In fact, he doesn't own a single stock.
  • Like other members of Congress, Walz even slept in his Capitol Hill office for some time.
Nor did he own a business or have a book deal, a common source of extra income for high-profile politicians.
...
In Congress, Walz sponsored the Stop Trading on Congressional Knowledge Act, a bill that formally banned insider trading and established the current system of periodic disclosures for lawmakers trading stocks.

www.businessinsider.com

Tim Walz doesn't own any stocks: What to know about Kamala Harris' running mate's personal finances

Gov. Tim Walz's financial disclosures reveal a man of relatively modest means.
www.businessinsider.com www.businessinsider.com
Click to expand...
With a modest VP salary at around
$235,100 per year. Nice.
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
sun rise said:
Petty change compared to the oligarchs who spend untold millions in a yacht size competition to prove whose is bigger.

But since you think it's a lot, let's tax those who make more than $1M a year 50%.
Click to expand...
That would make for an interesting scenario.
 
P

phednourtensua

New Member
sun rise said:
Not even when he was a Congressman did he profit from that. Very few if any other Congress members can say that
  • Gov. Tim Walz of Minnesota is a man of relatively modest means, according to financial disclosures.
  • In fact, he doesn't own a single stock.
  • Like other members of Congress, Walz even slept in his Capitol Hill office for some time.
Nor did he own a business or have a book deal, a common source of extra income for high-profile politicians.
...
In Congress, Walz sponsored the Stop Trading on Congressional Knowledge Act, a bill that formally banned insider trading and established the current system of periodic disclosures for lawmakers trading stocks.

[URL of the Website.
Click to expand...
Minnesota Governor Tim Walz has made a public commitment to transparency and ethical governance by disclosing that he does not own any stocks. This decision aligns with his focus on ensuring that his financial interests do not conflict with his responsibilities as a public servant. By not holding investments in stocks, Walz aims to avoid any potential conflicts of interest that could arise from personal financial gains influencing his policy decisions. His stance underscores his dedication to maintaining the integrity of his office and prioritizing the public's trust in his leadership.
 
PureX

PureX

Veteran Member
I don't own any stocks, either. I have a friend that keeps trying to get me to invest, but he can't comprehend the idea that I do not want to support predatory commerce, which is the majority of it, and so would take a lot of time to identify and avoid. Also, I'm just not a gampler at heart. I've lived on the edge of poverty all my life and do not enjoy the constant feeling of threat and loss that comes with living on the edge of disaster.

So I can fully understand why Walz might choose not to play games with whatever money he's managed to gather. And who the hell can't live on 200k+ a year? Why can't politicians be happy with that, for God's sake? Why do they have to take every bribe and perk that's offered to them on top of a big fat cushy salary with great medical and retirement benefits!

But most of all I greatly admire the fact that Walz tried to interject some honesty back into the legislature by proposing that they stop playing the markets based on their legislative positions. Of course the greedy pigs rejected his proposal but at least he made the effort. For that alone I would elect the man president. And happily see him become the next in line for the presidency.
 
PureX

PureX

Veteran Member
Jayhawker Soule said:
Nor do I. Still, it might be fun to hear how you're preparing for retirement (assuming that you have not yet done so).
Click to expand...
I have lived my whole life on a worker's income, and still saved what I could. I don't drink, don't smoke, don't gamble, and don't chase fast women. I also never borrowed money except a small amount for college when I was young that turned out to be a criminally predatory debt that took years to get rid of. A man can actually live very modestly and still save money, too, by avoiding all those traps. I have never owned a house or a new car. But I have never been homeless and have always had a functional vehicle.

Where I live there are senior apartments that, if qualified, will not charge more than 30% of your income and include the utilities. I am moving into one next week and can still work 15 hours a week. So I'm not fully retired at 67, but mostly. And if I do have to stop working, I can still afford to live on SS even as low as it is.

So I am very fortunate, but also not an idiot. Well, not since I sobered up at age 35.
 
PureX

PureX

Veteran Member
Wirey said:
And you get up in the morning why?
Click to expand...
I realize you're being facetious, but I have a boat! :)

That's been my fun the last few years. I am also a life-long artist, so I'm joyfully fascinated by the many fellow artists I know, and know of. They are my 'tribe', so I'm never really bored or alone.
 
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