So-called environmental, social and governance investments allocate money based on political agendas.
It’s not about social and governance investments it’s about control with a mask on like everything else the democrat party does.
Well, if it is the “teachers” unions retirement funds, feel free to piss them away of pie in the sky BS.
Unfortunately I know that it is a lot of normal people that will also suffer.
Biden’s not “taking on” anything.
He has the votes to sustain anything he vetoes, and by a lot.
Demented grifter is as demented grifter does.
China’s happy.
If Biden’s veto means he’s taking on the GOP House … then how did this bill pass the Democrat-controlled Senate?
ESG the democrats Slush Fund
Republicans don’t have enough votes to get a bill to the presidents desk.
They constrain your choice for your so-called protection.
It is a basic conservative principle to be against double and more taxation. It stifles investment and innovation. There shouldn’t be taxes on interest and dividends. There shouldn’t be capital gains taxes. Furthermore, retirement plans should not be tied to employers or unions. Employers can have retirement benefits for employees, but employees should be able opt out and if employers offer any matching funds, employees should be able to invest those contributions as they see fit. Defined benefits plans such as pensions should be completely optional.
The result would be that there wouldn’t be any such thing as a retirement plan. Individuals invest, or not, without any tax consequences. It places the responsibility on individuals. Anytime responsibility is increased it is a good thing. People don’t need to be financial wizards if they don’t want. They could always use products from brokers that are geared towards retirement (low risk) instead of doing it themselves.
“”that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans.””
Pardon me if this sounds stupid but what decisions does the GOVERNMENT make re people’s retirement plans? Are they in the investment business now?
Good. Smaller more focused bills and lots of them. None of this omnibus garbage. Get the issues and where all stand on them defined.
The Senate would have had to’ve passed it too.
veteran AP media pro/whore, Zeke Miller, knows not to use the factual acronym - ESG - in the headline ... nor in the text:
“But critics say so-called environmental, social and governance investments”
Wait a minute. This must have made it past a democrat Senate.
More media propaganda. And most people don’t even stop to think.
The House has the purse.
I can think of large number executive entities that need reductions if not complete defunding.