- 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).
On one hand that’s good. On the other hand that’s a concerning approach to financial management
It’s gonna shock you to find out he’s a huge proponent of sharing wealth and not hoarding it.
He’s completely set with pensions. And I am unsure if index funds were specifically ruled out. The article doesn’t really detail his wealth, and there’s no way someone with his intelligence and pragmatism has completely bungled his finances.
I guess that should cover index funds too?
Yeah, he’s never going to go hungry or want for medical care for the rest of his life. Like it or not, successful politicians are financially above us peons.
Why? I assume he’s got money in the bank and will have a government pension.
Some people don’t need to hoard as much wealth as possible, if he’s got enough to live comfortably with his family I don’t see the need to hold a ton of investments.
It seems like that was more of a gesture when he took office than a financial strategy.
Only concerning to those who control the capital (and the plebs that have been convinced that one day they will be in that position, and when that happens, they’d have reason to be concerned. Any day now).
Not everyone puts the same value on the accumulation of material things (including wealth). In fact, there are many of us who are only really interested in having the means to live a comfortable life and provide for our families.
Everything beyond that is unnecessary to us, and we find the constant, dogged pursuit of wealth at all costs, and the pure avarice that is borne (on a massive, planetary scale) because of it, to be abhorrent.
I suppose one might imagine the risk that if he doesn’t have “enough” wealth personally, he will be more susceptible to bribes. The steelman version is that he doesn’t care about money that much.