Without Daddy's money he would have been ruined in the 90's which would have ruined any attempt to continue to get by with the "showman" schtick.
Personal finances of Walz and Vance show stark differences
- Thread starter Sullivan
- Start date
Someone tell me again why we are voting for these poors?
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They are the ones complaining about how much worse off they are financially in the past 4 years. It sounds like close to 100% don't have stocks.
I can't imagine not having money invested but I also don't have multiple government pensions to rely on. We also need to keep in mind that he and his wife apparently battled infertility for 8 years and had to resort to IVF to have their 2 children. Fertility testing and treatment is very expensive and seldom covered by insurance. So it is very possible that while his school teaching peers were investing in the markets he and his wife were investing in fertility treatments.
You're really a partisan hack, aren't you. At one time I took you for an intelligent poster, but you're just another RW hack. You may know a lot, but you can't seem to analyze what it really means and put it into proper perspective.
Sorry.
Well without Kamala schtuping the right people she’d be nowhere as well. Which is worse? I'd suggest the latter.
Kamala woukd never be where she is without Biden placing her in the VP slot. She finds herself at the top of the ticket on no actual accomplishments other that being named things. She is massively out of her league. If she wins we will all be to blame. She guarantees 4 more years of failure. Her election alone may lead to ww3 given her and Bidens FP malpractice prior only to be doubled down if she wins.
God save us all. If she's so ready, prove it. Interviews. Debates. Town Halls. Get out there. This is a candidate that the more you see of the less you like.
Well if it isn't Trump you can guarantee you will be if nothing else.
Strange that Walz doesn’t have ANY stock or bond holdings at his age. Doesn’t he believe in the “American dream”? 😉
I believe it’s been reported that he took high school kids there for school-related trips.
What does winning a re-election have to do with not running the state into the ground during his second term?
I think what he’s getting at….the Dems are fawning all over Walz as some great leader; however, he apparently hasn’t been a “great leader” in the handling of his personal finances.
God you're stupid.
Walz is a man who cares more for public service more so than public aggrandizement.
Go look up the definition of that, and hopefully, you will appreciate what it means.
But, I sadly doubt it.
His pension is probably better than yours.
This is the general theory of wages and voting preferences in a sentence: The more income you make, the more likely you are to vote Republican ... or to vote, at all.
It's a long-held political axiom, and it's upheld in a recent study by PayScale, the nation's largest private salary survey company. In research shared with The Atlantic, they showed that Americans who make less than $70,000 (about 70% of the country) are considerably more likely to vote Democratic. Those making more than $70,000 are more likely to vote Republican.
Does Your Wage Predict Your Vote?
Yes. But the factors that predict our wages are even more important.
hawkeyetraveler
HB Heisman
I’ll give you six obvious ones, but there were many, many more
- Failed to reduce federal spending, it actually increased substantially over his term (even pre-covid relief). Thereby increasing the deficit
- Choice of justices caused Roe vs Wade to be overturned
- Did not deliver the infrastructure plan he promised, Biden did that
- Did not deliver on healthcare reform he promised, it is still a mess
- Did not solve the border, hell he barely built any wall at all and the wall that was built could be defeated by a 20 foot ladder from Home Depot. No real solution on his #1 issue
- He dishonored the office of the president and our country through his horrible behavior
He said the things you and many others want to hear, but he didn’t do many of them and the one big thing he did (Roe vs Wade) I fundamentally believe took freedom away from women to make a choice about their own bodies.
You aren't fiscally conservative if you support Biden. Obamacare drained Medicare when Zero was in office. Obama then forced the next administration to actually pay for Obamacare with higher deficits.
Biden then signed $1.9 trillion American Rescue Plan bill within weeks of taking office.
The $780 billion inflation reduction act of 2022 was a joke
The bill increased inflation and was almost as as bad as cash for clunkers that Obama signed when he was in office.
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One would assume people in a state “run into the ground” wouldn’t double down on supporting the guy responsible. Minnesota is doing just fine.
Good information.
I imagine since he was in the guard for 24 years he has a TSP (thrift savings plan) retirement account. Would that be considered "pension" type income? Reason I ask is TSP accounts usually involve stocks (mine does) but maybe it doesn't count as "stock holdings" because it's a retirement account?
Just asking because it seems like you know what you're talking about.
Of course it would only show the cash value. He isn't dead.
That is what a balance sheet normally shows.
His teacher pension probably also involves stocks as well just not ones you pick and choose.
You aren't fiscally conservative if you support Biden. Obamacare drained Medicare when Zero was in office. Obama then forced the next administration to actually pay for Obamacare with higher deficits.
Biden then signed $1.9 trillion American Rescue Plan bill within weeks of taking office.
The $780 billion inflation reduction act of 2022 was a joke
In what ways did Obama are drain medicare?
Maybe - it's always hard to tell with him. The question is, how would he know? Are you suggesting he is poor at handling his personal finances as well?
That sounds like fake news. Walz and his wife started a "business", and they have gone to China at least 30 times.
It sounds like Walz might need to talk to Joe and Hunter Biden if he wants to make big money with his business in China.
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My post was in response to a comment that was critical of Walz for not having life insurance to cover even a third of his salary ***; there is no way to have any remote idea what he has in life insurance coverage based on the financial disclosure filings required of an elected official. A whole life policy with csv of $30k could very well have a significant face value. Additionally, he might have a term policy that meets the needs of his family (such policy would not show up on the disclosure form).
***For reference, my comment was a response to post 11 in the thread, in which Whiskey wrote
"If you are a 60 year old man and you have a 100k pension and not even enough life insurance to cover 1/3rd of your annual income you are a bloody moron.Where is his money?"
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Also at least with IPERS his teacher's pension may have an option that provides some income for his survivors. It just depends on which options you choose when you start collecting the pension.
The ultimate point being we have no idea what his personal finances are. Yet you have the usual numpties on here jumping to conclusions that they can't support. Like clockwork.
If he took out a $1 million policy today with a monthly premium of a few hundred dollars, the policy isn't worth $1 million, unless he's dead.
If the policy has as a whole life value of $30,000, that's what he shows on his reporting form.
hawkeyetraveler
HB Heisman
No candidate running for office this year is fiscally conservative. The Dems are at least honest about it. A candidate that matches all my beliefs is a unicorn. There are a bunch of folks like me that are perennially under-represented by our two party system. So I have to compromise and Harris is a better compromise than Trump any day.You aren't fiscally conservative if you support Biden. Obamacare drained Medicare when Zero was in office. Obama then forced the next administration to actually pay for Obamacare with higher deficits.
Biden then signed $1.9 trillion American Rescue Plan bill within weeks of taking office.
The $780 billion inflation reduction act of 2022 was a joke
Plus my issues are not weighted the same. I happen to weight the character of a person higher than their policies. Trump is of poor character.
I’m not going to argue Biden’s fiscal stimulus. I thought it was stupid then and I think it is stupid now.
No shit. Again, my post was in response to one calling him a moron for not having sufficient life insurance - a conclusion that simply cannot be drawn from the information provided in the financial disclosure forms of an elected official.
If you weigh character, you won't be voting for Harris. A few months ago, the D's were talking about dropping her from the ticket.
The financial disclosure form tells you plenty. it shows the current value of the whole life policy.
If it was a term policy, it would be reported as $0, since it wouldn't have a cash value.
LOL
Posts quote on economics from John Kenneth Galbraith and calls others ‘partisan hacks’ for mocking it.
Even Krugman bags him:
Krugman asserts that Galbraith was never taken seriously by fellow academics, who instead viewed him as more of a "media personality". For example, Krugman believes that Galbraith's work, The New Industrial State, is not considered to be "real economic theory", and that Economics in Perspective is "remarkably ill-informed".[98]
I despise him in the end for being another in a long line of elitists who felt they should be deciding outcomes for others.
Nobel Prize-winning economist Milton Friedman in "Friedman on Galbraith, and on curing the British disease" views Galbraith as a 20th-century version of the early-19th-century Tory radical of Great Britain. He argues that Galbraith believes in the superiority of aristocracy and in its paternalistic authority, that consumers should not be allowed choice, and that all should be determined by those with "higher minds", commenting: "Many reformers—Galbraith is not alone in this—have as their basic objection to a free market that it frustrates them in achieving their reforms, because it enables people to have what they want, not what the reformers want. Hence every reformer has a strong tendency to be averse to a free market."[95]
**** him.
Again, no shit. Again, my comment was in response to a post calling him a moron for not having sufficient life insurance. Again, there is NO WAY to draw that conclusion from what is known.
You only know that, at a minimum, he has a life insurance policy; per the article you posted "as well as a life insurance plan with a value as high as $50,000, according to a financial disclosure that year." There is no information available as to the face value of the policy, nor is it known if he also carries a term policy (they have no CSV so don't show up on a disclosure form). There is no basis at all for assuming he does not have sufficient life insurance coverage.
