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Gov. Tim Walz doesn't own a single stock (www.axios.com)

submitted 4 months ago* (last edited 4 months ago) by willsenior@lemm.ee to c/politics@lemmy.world

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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).

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[-] jwiggler@sh.itjust.works 202 points 4 months ago

That's insane.

Like, no 401k or Roth IRA? Dang. I'm fuckin hard.

[-] dhork@lemmy.world 219 points 4 months ago

Their only investment assets appear to be via state pensions, including teacher pensions.

He also retired from the Army, and likely has a pension from that too.

[-] anarchrist@lemmy.dbzer0.com 138 points 4 months ago

If I could retire without needing to know the difference between ETFs and mutual funds, I would be soooo happy

[-] Speculater@lemmy.world 18 points 4 months ago

If you're under 42 you can always grease the gears of war and join the military. Fat pension and great healthcare!

[-] rambling_lunatic@sh.itjust.works 10 points 4 months ago

Best healthcare in the world won't help little Jimmy when he loses his legs

[-] captainlezbian@lemmy.world 6 points 4 months ago

Big caveat you can’t be disabled at all

[-] A_Union_of_Kobolds@lemmy.world 20 points 4 months ago

But you can end up that way!

[-] zalgotext@sh.itjust.works 5 points 4 months ago

Not if you want the great healthcare

[-] captainlezbian@lemmy.world 3 points 4 months ago

Oh yeah it’s a great career for the aspiring disabled, just not for the disabled with aspirations

[-] prole@lemmy.blahaj.zone 2 points 4 months ago

Great healthcare while you're in it.

Once you come back, you can go eat shit and die as far as the VA is concerned.

[-] prole@lemmy.blahaj.zone 3 points 4 months ago* (last edited 4 months ago)

Pensions are still indexed to the stock market in a way, it's just someone else who's controlling it for you. And I guess there is meant to be an extra protection of "the government says this is your money, even if they bungle their investment." How that works in the real world, I'm unsure. I imagine lots of days in court.

There are issues that come with pensions, all of which could be easily solved if the will was there. But it's not, so they're real issues unfortunately. See: Chris Christie fucking over NJ State Workers (https://www.nytimes.com/2015/06/10/nyregion/christie-wont-be-forced-to-make-pension-payments.html

Many (most? Not sure) government employees at the state or local level don't receive pensions anymore

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this post was submitted on 07 Aug 2024

997 points (98.7% liked)

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