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spooky3

(38,183 posts)
Wed Aug 21, 2024, 11:06 PM Aug 2024

Vance and Trump have (allegedly) millions in net worth. Tim Walz

Has a net worth of $300000. If that isn’t an example of some screwed up values in our society, I don’t know what is. I know the Walzes chose teaching and public service knowing pay was low, but they have contributed far more to society than the weirdos.

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Walleye

(43,516 posts)
1. Hopefully Coach can put away some money while he's vice president, like Joe Biden did. Free room and board in DC.
Wed Aug 21, 2024, 11:12 PM
Aug 2024

If your frugal, you can just bank your salary

spooky3

(38,183 posts)
2. He'll make a ton after he leaves office, in speaking fees, consulting,
Wed Aug 21, 2024, 11:15 PM
Aug 2024

etc. But my point is that as of today, the wealth these different people have bears no relationship to their contributions—or it’s even an inverse relationship.

Skittles

(168,911 posts)
4. or maybe he's not that good at maximizing money
Wed Aug 21, 2024, 11:18 PM
Aug 2024

he doesn't invest in stocks for example

Ilsa

(63,697 posts)
3. I suspect the IVF treatments set back their savings
Wed Aug 21, 2024, 11:17 PM
Aug 2024

substantially, and would have impacted compounding interest, dividends, growth, etc. In 1995, I was looking at possibly spending $15,000-20,000 for just a couple of rounds of IVF. Fortunately, we didn't have to go that far.

I'm wondering if teachers pensions are exempted from reporting. Surely both of them have state teachers' retirement savings or pensions?

spooky3

(38,183 posts)
5. Yes, my guess is they both have defined benefit pensions
Wed Aug 21, 2024, 11:22 PM
Aug 2024

That often aren’t counted in net worth.

As a society we really need to ask why we refuse to hold Trump accountable for his crimes and stiffing contractors, and how we can change the tax system to make sure the grossly overcompensated pay their fair share.

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