In a recent episode of “The Rest is Politics,” Anthony Scaramucci, former White House Communications Director, made a revealing comment about Tim Walz, Kamala Harris’s newly announced running mate.
Scaramucci pointed out that Walz, unlike many politicians, does not own any stocks. According to Scaramucci, this reflects his teacher background– "Most teachers are going paycheck to paycheck," he explained.
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Tim Walz, the governor of Minnesota, has 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 investing matches the financial reality of many American educators, who often struggle to save or invest due to modest salaries.
“I have people in my family that are teachers and are in education and certainly he should own a few stocks, but it’s totally understandable to me why he is relying on the teacher income [and] the pension,” said Scaramucci.
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His comments aren’t in a vacuum. Even this seemingly simple fact has not gone unnoticed by critics in the heated atmosphere of American politics. The Trump campaign argues that someone who doesn't invest in the stock market might not be the right person to manage the country's economy or give financial advice.
On the other hand, Walz’s supporters see this as a badge of honor, a sign that he is a regular man of the people who understands the everyday challenges of ordinary Americans. To them, he’s focusing on public service instead of personal gain.
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“It’s normal in the UK for these investments to have to go into blind trusts,” explained Scaramucci. “But the thing about this Governor, he doesn’t even have a blind trust because he has no assets. There’s something likeable about that, and it’s something that’s ‘Murica.” His co-host jumped in to add, “He sold his house. He doesn’t even have a house!”
All this talk about the governor's finances shows a rift between the left and the right. Supporters see him as a down-to-earth leader who wants to serve the public instead of focusing on making money.
On the other hand, critics, especially those aligned with Trump, think his financial choices are a problem and wonder if someone who hasn't built personal wealth is suited to handle the country's economy.
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This article 'He Is A Teacher. Most Teachers Are Going Paycheck To Paycheck' Says Anthony Scaramucci About Tim Walz Not Owning Any Stocks originally appeared on Benzinga.com
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