The all-American working man demeanor of Tim Walzā€”Kamala Harrisā€™s new running mateā€”looks like itā€™s not just an act.

Financial disclosures show Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000, according to aĀ reportĀ by theĀ Wall Street JournalĀ citing financial disclosures from 2019, the year after he became Minnesota governor.

With that kind of meager nest egg, he would be more or less in line with theĀ median figureĀ for Americans his age (heā€™s 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth reportĀ discovered.

Meanwhile, the gross annual income of Walz and his wife, Gwen, amounted to $166,719 before tax in 2022, according to their joint return filed that same year. Walz is even entitled to earn more than the $127,629Ā salary he receivesĀ as state governor, but he has elected not to receive the roughly $22,000 difference.

ā€œWalz represents the stable middle class,ā€ tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.

    • Angry_Autist (he/him)@lemmy.world
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      4 months ago

      that sounds straightforwardly like what OP said.

      No it doesnā€™t except to the most ridiculous degree of dissembly, and the full examination takes more time and space than I am willing to give away for free. Only a portion of the trust fund elite are powered by the medical industry, though all industries touched by the same degree of greed produce the same trust fund elite offspring.

      Not all cars are toyotas, not all toyotas are cars, but some toyotas are cars. That is nuance, learn it.

      • porous_grey_matter@lemmy.ml
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        4 months ago

        Itā€™s you who has the logic the wrong way around. The rich profiting from the healthcare system is why the healthcare system is bad, that doesnā€™t exclude them from profiting from other things too. In your analogy OPā€™s statement equates to ā€œthis Toyota is a carā€ (or ā€œthis car is a Toyotaā€ depending on which thing is the rich and which thing is ruining a societal good).