Surely it’s quite easy to police though if they have to publicly provide their holdings.
Wouldn’t take the twitter police more than 5 mins to notice Timmy boy holding shares in Palantir handing out more government contracts to them at above market value.
I do appreciate that in the current climate of politicians it’s a positive, I just think we’re accepting such a low fucking bar in every country these days that something like this is seen as exceptional. It’s a sad state of affairs.
That isn’t even what financially illiterate even means. The Governor of Minnesota from quick research makes around 120k USD. Over double the average in the state (from quick research). I don’t think he’s struggling on a personal level.
The entire finance industry would disagree. Diversifying your wealth to be less susceptible to any particular economic measure is sensible. However, he can do whatever he wants and people can have their opinion.
As for the rest this is dragging on cos you can’t decide if you want a political element to this fact or not. In reality it means fuck all either way to a voter, never said otherwise. Do you think it’s a positive for a voter?
Some people just have a nice sustainable income that funds their lifestyle and are happy with that. Aside from playing the lotto I’d pretty much put myself in this category. I’ve a few hundred in some shit coins and maybe they’ll skyrocket some day but if not, who cares.
I wouldn’t hold it against a politician if they had investments but all other things being equal if i had to choose between one with and one without id be going for the one without. The less conflicts or potential conflicts a politician has is a big plus or selling point for me.
It’s also about what you want and for a lot of people. It isn’t a lot. My mum just wanted a property back home in Jamaica for herself, her kids and grandkids. Achieved that and is pretty satisfied with her life overall.
I don’t think it means anything to the average American voter tbh.
Senior political figures on both sides have clearly used government information to gain an advantage in the market. Congress isn’t full of trading gurus.
If it was that big a deal something would have been done about it by now.
The stolen valour attack line is far more damaging for Walz
Well exactly then we’ve gotten to the point, you want to make this a positive from a political standpoint but at the same time ask why something like this matters to voters.
It’s either neutral or you can accept that people may find it negative whilst you find it the opposite.
Meanwhile the main point I was making is that politicians are so far in the toilet that we can’t trust them to have investments and act with integrity in a public role. That’s the level we’re at and it’s shambolic.
I don’t think many people would fall outside of this category or at least most aim to be in that position, but we’re not here criticising Tim for not getting in at the bottom of the bitcoin boom and making himself a millionaire.
The two points we were discussing:
should it matter to voters whether he has a portfolio or not. Personally no, either way.
is it recommended to spread your spare money around different options to protect yourself from any particular shock. Yes. Do you have to? Of course not but people can have an opinion on that.
Back to your point, I would hope most people in society can get to that sweet spot which is relative to them.
I have reached a perfect equilibrium for myself between time spent at work and the money I earn, more would never make me cry but I’m not willing to give up more of my freedom for it. The more people who can find that satisfaction the better. However, I still won’t keep all my spare money sat in a single place, I think it’s prudent to keep it in different options so I’m not fucked by interest rates, banking crisis, housing/stock market crash etc.