Posted on 06/07/2019 4:12:56 AM PDT by Kaslin
Trump-hating liberal activists know how to cause trouble. With record low unemployment numbers and a thriving economy, we have seen well-organized activists interrupting townhalls, blocking traffic in major cities, and using violence.
But there is an awful type of activism happening out there, and it affects us all. Even though this activity is underreported, it affects everyone's 401K retirement savings.
Shareholder activists are taking direct aim at companies - such as oil companies and gun manufacturers - by abusing rules that publicly traded companies must follow to promote a far-left agenda. Instead of trying to gun control pass laws through Congress, they are forcing public companies to bend to their will. What they are doing is dangerous.
The most recent example happened to the legendary gun maker Smith & Wesson. As The Free Beacon reported, an obscure women's group called the Adrian Dominican Sisters has organized their 600 members to become marginal shareholders in gun companies to pass far-left political resolutions. In this case, Smith & Wesson's parent company was forced to do a study about so-called "smart guns." After an expensive process, the report showed "smart guns" are not viable, and consumers overwhelmingly do not blame gun manufacturers for crimes committed by criminals with their products. Both results are common sense.
Ultimately, Smith & Wesson emphasized that its reputation for supporting the second amendment was much more important than attempting to appease its critics.
Other asset managers and hedge fund leaders are willing to cave to activists - in the form of "virtue signaling" - because they fear retribution and take actions which are not in the shareholders' best interest. For example, Dick's Sporting Goods' CEO Edward Stack frequently speaks about how his company is losing money to stop selling guns while claiming it was the right thing to do. It is doubtful that elderly shareholders counting on those stock dividends for retirement would agree.
This sort of activity goes against the shareholders' interests and directly harm investment portfolios which own those shares. These agitators are cautious about branding their organizations in ways which encourage the anti-gun mainstream media to generate sympathetic reports to their cause, which further damages the companies' reputations. That is why the anti-Smith & Wesson activists were "nuns." And it's the same reason why "Handgun Control, Inc." changed their name to the softer sounding "Brady Campaign to Prevent Gun Violence." These campaigns are well organized.
These shareholder activists are taking it a step further, by sponsoring legislation (H.R. 2364) that would turn the Security and Exchange Commission (SEC) into a political policing operation by forcing financial institutions to disclose significant investments with gun and ammunition manufacturers. The goal is to hurt embarrass those investors while harming the manufacturers'' bottom line.
The reckless game played by shareholder activists makes it dangerous for shareholders who invest money that they will need to carry them through retirement.
Thankfully, Americans for Tax Reform has taken a positive step in this cause by starting the Shareholder Advocacy Forum, which will provide a voice to the legitimate shareholders while holding executives accountable when they embrace activist proposals. There should always be repercussions for company leaders which bend to the will of left-wing activists.
Enough is enough! It's time to expose shareholder activists and stop them before they harm your retirement savings.
Democrats and other liberals are human termites.
Working relentlessly to tear things down.
They never stop destroying things until they die.
WORTH posting again.
Since i have NO LIFE I do remember the previous one :)
But so what??
This is BIG!!!
this is about invading the one thing that we actually have some control over regarding our own money.
And now folks (including nuns) have found a loophole to drive corporations crazy.
Which is WHY corporations should LOVE Trump.
Because what happens to a gun company could happen to even a radical left company because there are ALWAYS more radically left people around.
My Savings accounts love Trump
My investments love Trump
My 401k loves Trump
Ergo, ipso facto the left hates Trump!!
The left hates the regular people having the ability to accumulate wealth. There is an inverse relationship going on in life. The more individual wealth we have, the less we need the Democrats and they can’t have that. Look for future attacks on our guns and individual retirement accounts by the left. It will never end and we have to be vigilant.
If a Dhimmicrat rises to POTUS, congress will pass regulations that assign all tax-benefits to 401(k) funds that are 100% invested in US (federal) notes. All other investments will be taxed annually or only be allowed as post-tax contributions.
Voila! They have captured your money for their use.
There are way too many conglomerates these days. No one wants to be an owner, anymore, it seems. They want to start something and build it up, just enough that some conglomerate rolls into the bosses office and makes them an offer. They take that offer, make their way to the nearest beach and that’s it. Thereby stifling out any competition and placing the power into a few hands. Of course, the hedge fund guys/gals, large conglomerates and all their cronies are the liberal-powers behind the throne.
They can spew and force their liberal ideology on the rest of us but will never have to live with the consequences of it. Yet another example of the blaring hypocrisy that is the Left.
Liberals have been doing this a long time. They care first and foremost about promoting their agenda. McDonalds became a homosexual agenda company after a voting shares block voted them into it. The homosexual in my office used to talk about the companies he invested in. All his investments were geared to promoting the homo agenda. He was part of a large organization that targeted investment this way.
People who think corporations are just concerned with making money have their heads in the sand.
The sooner the DOJ can establish a precedent for indicting, trying, convicting, and sentencing these leftist terrorists to be publicly hanged for treason, the better the United States will be.
as soon as you hit 59.5, roll your 401k into an IRA that you control. You get your $$$ one step further from government control, and can invest your retirement savings where you want, not some politically-driven investment manager....
Filthy thieves
That convent/coven should be taxed.
Remember that name!!!
The RATS revere her.
“this is about invading the one thing that we actually have some control over regarding our own money.”
The longer term goal is grabbing ALL of it. Click the link below and be angry.
https://www.wsj.com/articles/SB122662401729126813
Best,
L
“”by abusing rules that publicly traded companies must follow to promote a far-left agenda. Instead of trying to gun control pass laws through Congress,””
Couldn’t get past the poorly written sentences above....
I listen to Rick Edelman on the radio. He prefers regular IRA’s to a Roth. A Roth is 2 in the bush as taxes have been paid already. I disagree but he has a point. He doesn’t trust what congress will do 30 years down the road.
I listen to Rick Edelman on the radio. He prefers regular IRA’s to a Roth. A Roth is 2 in the bush as taxes have been paid already. I disagree but he has a point. He doesn’t trust what congress will do 30 years down the road.
Rats and RINOs have been dreaming of and planning how to squeeze this juicy jumbo peach for decades.
It’s a huge pile of money just sitting there, invested in the risky, greedy companies of the 1%, and your investment must be made safer.
So, the government is here and wants to help you make it safer! A safe 2% government return that never loses is better than a risky 5-10% market return that can lose value.
Trade in your retirement accounts today! (And never you mind what FDR said in 1935 about the need to privatize S.S. some day.)
If enough of us have Ira’s would the government DARE to take them away? I do remember it being discussed in the 2008 election. Government takes control and gives us a 3.5% return. The economist Jesse Jackson brought it up.
Since they believe this stuff to their core, it will probably take more than simple exposure to stop them.
Good question. I know that the federal government had no problem taking away tribal lands from the tribes that were removed to Oklahoma. There was a rumor that precious minerals were on them. If they did it to those folks then. They’ll probably do it to you, too.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.