The Mother's Milk of The State

Tim Walz Is A Communist Investor

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”-Thomas Sowell

Yesterday the investments of the Governor of MN and presumptive hard left-wing Democratic VP pick Tim Walz were released to the public. Predictably, PRAVDA raved about them. At the Free Press, Suzi Weiss said it was “refreshing” that Walz didn’t have wealth from stocks, bonds, or some other source.

The fawning left-wing rag Axios ran an article on Walz's investment acumen.

• 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).

Zoom in: Their only investment assets appear to be via pensions, including teacher pensions.

• It's also reflected in some of what Walz did while in Congress, such as introducing the STOCK Act, which was aimed at curbing insider trading by congresspeople and other federal government employees.

• The STOCK Act was signed into law by former President Obama in 2012, with Walz by his side, although its effectiveness is questionable.

• Walz as governor signed a 1% tax surcharge on capital gains and other annual net investment income over $1 million. He's also chair of the Minnesota's board of investments, which manages state pension funds

Let me get this straight. Walz relies on the mother’s milk of taxpayer dollars to fund his life. He only depends on the “state”, or government.

That’s communism. That’s what people in communist countries do. The state provides for you. You have no worries at all. Of course, then you are subject to what the state says it will do for you. Except in Walz's case, since he is pulling the levers of power he will be taken care of.

Why isn’t he betting on America like his fellow Democrat Warren Buffett says to do? Not one US Treasury instrument in his personal portfolio. Any respectable finance professor from the elite business schools in the US down to the worst community college in the US would agree that US Treasuries are “risk-free assets”.

Does Walz not have any appetite for risk and what does that tell you about him as a person and decision maker?

He doesn’t even own an index fund of American stocks. Why is he selling the future of America? Why is he so pessimistic about America? The American stock market has created the ability for more people to create more wealth for themselves than any other economic engine on earth. Without it, small businesses wouldn’t thrive the way they do.

Walz doesn’t have a book deal because no one cares what he says or thinks. No one has approached him.

Most people I know agree that government employees and Congresspeople ought not to be insider trading. We all know stories about it and they are despicable. That sort of thing undermines confidence in free markets. But, those same people would say that everyone ought to own an index fund or US Treasuries. Owning US Index funds is a proven way to build wealth and ultimately self-reliance.

The fact Walz doesn’t own anything doesn’t make him objective. It says he is sinister. He relies on the government for his sustenance and therefore will do everything in his power to make sure the government expands and exerts control over its minions in order to make sure he stays comfortable.