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submitted 3 months ago* (last edited 3 months ago) by willsenior@lemm.ee to c/politics@lemmy.world
  • 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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[-] UnderpantsWeevil@lemmy.world 3 points 3 months ago

This guy is doing a great job of making everyone realize just how fucking weird the cons truly are.

Idk if not having a 401k is a sign of normalcy. I think it is illustrative of the state of the Minnesota economy, relative to the hyper-financialized acceleration in states like New York, Florida, Texas, and California. A statewide elected official who isn't a former hedge fund manager or white shoe lawyer is a refreshing change of pace. But when the last couple of years have seen double-digit growth in every major stock index while inflation raced to match, it's honestly kinda scary to imagine a guy who doesn't have any savings in equity.

I hope this is a sign of a politician who hopes to change the underlying nature of the American economy and not just a guy who didn't think to buy in during the biggest market boom since '29.

[-] Semi_Hemi_Demigod@lemmy.world 10 points 3 months ago

Idk if not having a 401k is a sign of normalcy.

It used to be pretty fucking normal until they got rid of all the pensions. That's what Tim's using for retirement instead of playing the ~~casino~~ stock market.

[-] UnderpantsWeevil@lemmy.world 3 points 3 months ago

It used to be pretty fucking normal until they got rid of all the pensions.

And if we're getting a pension-friendly VP, I'm here for it. But I'm still waiting to see what a Harris/Walz economic policy looks like.

That’s what Tim’s using for retirement instead of playing the ~~casino~~ stock market.

My experience with pensions has mostly been through my parents/in-laws. And the experience I've had with pensions is that companies/governments can just kinda take them away again by pleading poverty during a period of historic economic expansion.

Again, I hope Tim's nomination implies a change in direction. But... we'll see.

this post was submitted on 07 Aug 2024
974 points (98.7% liked)

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