In a recent episode In “The Rest Is Politics,” former White House communications director Anthony Scaramucci made a revealing comment about Kamala Harris’s new running mate, Tim Walz.
Scaramucci pointed out that Walz, unlike many politicians, does not own any sharesScaramucci says that reflects his experience as a teacher: “Most teachers work paycheck to paycheck,” he said.
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Minnesota Governor Tim Walz built his career in public service. Before entering politics, he was a high school teacher and football coach, roles that likely shaped his frugal financial habits. Scaramucci suggests that Walz’s lack of investment fits with the the financial reality of many American educatorswho often have difficulty saving or investing due to low salaries.
“I have people in my family who are teachers and work in education and he should certainly own some stocks, but I completely understand why he is counting on the income from teachers. [and] “The pension,” Scaramucci said.
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His remarks are not insignificant. Even this seemingly simple fact has not gone unnoticed by critics in the tense atmosphere of American politics. Trump’s campaign team argues that someone who does not invest in the stock market may not be the best person to manage the country’s economy or give financial advice.
Walz’s supporters, however, see the appointment as a badge of honor, a sign that he is an ordinary man who understands the daily challenges of ordinary Americans. To them, he is focused on public service rather than personal interests.
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“It’s normal in the UK for these investments to be put into blind trusts,” Scaramucci explained. “But the problem with this governor is he doesn’t even have a blind trust because he has no assets. There’s something nice about that, and it’s typical of the United States.” His co-host added: “He sold his house. He doesn’t even have a house!”
All this talk about the governor’s finances reveals a divide between the left and the right. His supporters see him as a pragmatic leader who wants to serve the public instead of focusing on money.
On the other hand, critics, especially those close to Trump, see his financial choices as a problem and question whether someone who has not accumulated personal wealth is fit to run the country’s economy.
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