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Home»Politics»‘You’re Not in Office to Get Wealthy’: Minnesota Gov. Tim Walz Draws Backlash After Criticizing Politicians Who Trade Stocks

‘You’re Not in Office to Get Wealthy’: Minnesota Gov. Tim Walz Draws Backlash After Criticizing Politicians Who Trade Stocks

He lacks credibility

Sylvia EzeBy Sylvia EzeJune 9, 20263 Mins Read
Tim Walz Blasts Politicians Stock Trading
Image Source: Office of Governor Walz & Lt. Governor Flanagan via Wikimedia Commons

Minnesota Gov. Tim Walz appeared on a recent episode of Aaron Parnas’ The Parnas Perspective and criticized elected officials, including those in Congress, who trade individual stocks while in office. He also accused the president and his family of being involved in corruption and argued that public service should not be used as a path to gain personal wealth. Walz’s remarks during the exclusive podcast interview have since sparked outrage among netizens who claim that he lacks credibility on issues involving ethics and accountability.

Trump and members of Congress should not be trading stocks. pic.twitter.com/z1uLb7eD3H

— Tim Walz (@Tim_Walz) June 8, 2026

In the portion of the interview that was posted to X, Walz stated that he believed members of Congress are benefiting from insider trading information to outperform the stock market due to a 2000 study he said pointed to them beating the market average. He condemned the act, saying he found it to be “insidious.”

“It undermines faith in government,” the governor said. “It cheats the system. It puts all of us at risk.”

Walz alleged that members of the Trump family have also engaged in stock trading. He stated, “[Trump has] traded, as you said, thousands of times… And then his whole family’s involved with things like drone activities or, you know, these prediction markets.” He claimed that Trump was “a failure at business” and is now using “corruption” to benefit from holding public office.

Walz later urged lawmakers to end the practice, saying that doing so would help restore confidence in government at a time when public trust remains low. “You’re not in office to get wealthy. If you want to do that, go work in the private sector,” the governor stated.

Minnesota Governor Slammed on X

On X, Walz’s comments in the interview clip have received a ton of backlash from the public. One person wrote, “Boy, that’s rich coming from you.” Another commented, “I don’t think you should lecture people on right or wrong Mr. Fraud Walz.”

A third said, “You should not be running that state. It’s your fault that all the fraud has been going on to the level that’s been reported so far. You should be held accountable as well.” A fourth called for him to “just resign already!”

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Some other responses pushed back on Walz’s criticism of the president. “Trump was already a billionaire before taking office. Almost none of you other elected officials were rich UNTIL you took office,” one comment argued. Someone else questioned, “Why would you single out Trump when the majority of congress has been doing this. Let’s hear some other names.”

The interview clip has continued to gain attention online, though most of the reactions have remained critical of the Minnesota governor. As the discussion spreads across social media, commenters continue to debate not only Walz’s remarks, but also the broader question of whether elected officials should be allowed to profit from stock trading while in office.

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