Jim Hightower's Lowdown

Republicans Discover a Big Flaw in Tim Walz: He’s Not Rich!


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Here’s a hard-right political twist I wasn’t expecting, and Tim Walz is probably surprised, too.

Within the confines of Trump’s MAGAworld, some are appalled by Walz’s wealth. Wealth? They’re claiming this former high school teacher is rich? No… and that bothers them.

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Walz gets a gubernatorial paycheck and a modest public pension. That’s it. No portfolio of Wall Street stocks, no deferred payouts on corporate bonuses, and he doesn’t even own a house, much less a vacation home. While this pegs him as a regular middle-class American, it seems to put off a covey of moneyed Trumpsters who see his lack of riches as a personal weakness.

The Wall Street Journal recently featured one such partisan, who says he prefers “a high net worth” politician, like JD Vance. Being rich, explained the partisan, means a candidate “has financial acumen, business and investment savvy….” Righto! For example, Vance was savvy enough to kiss-up to right-wing Silicon Valley billionaire Peter Thiel, who has pumped millions into the fictional “hillbilly,” turning Vance into a pretentious “Hillwilliam.” And please stop pretending that rich candidates are less corrupt since they aren’t dependent on special-interest funding. Trump himself put the lie to that, when he recently begged a BigOil group. to give a billion dollars to his campaign – in exchange for his promise to slash their taxes.

This is Jim Hightower saying… Most bizarre is the assertion by Walz critics that his failure to be invested in Wall Street stocks means he’s out of touch with the financial concerns of “the average American.” Hello, nearly all stocks are owned by the superrich, like Trump and Vance. In fact, the average American family owns zero stocks – just like Walz.

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