Retirement ESG danger

[TroglocratsRdumb]

The lawsuit — led by Utah Attorney General Sean Reyes and joined by 24 other states including Louisiana, Texas and Virginia — challenges a Department of Labor (DOL) rule unveiled in November and which is set to go into effect on Jan. 30. The rule would open the door for fiduciaries to factor so-called environment, social and governance (ESG) considerations into Americans' retirement accounts, an action the states argued could significantly harm the financial interests of customers.

"The Biden administration is promoting its climate change agenda by putting everyday people’s retirement money at risk," Reyes told FOX Business in a statement. "Americans are already suffering from the current economic downturn."

"Permitting asset managers to direct hard-working Americans’ money to ESG investments puts trillions of dollars of retirement savings at risk in exchange for someone else’s political agenda," he continued. "We are acting with urgency on this case because this illegal rule is set to take effect next week. It must be stopped."

25 states hit Biden admin with lawsuit over climate action targeting Americans' retirement savings

Two dozen states, led by Utah, sued the Biden administration on Thursday over a rule allowing fiduciaries to factor environmental and social issues into investment decisions.

www.foxbusiness.com

Comment:
We know that the Democrats are greedy dirtbag lazy moochers.
They don't want to work for what they want so they steal from others.
They are constantly scheming to find new ways to steal other people's money.
This is what "ESG" investment is really all about.
It is about stealing other people's money.
This could cause another Democrat Economic Disaster.

 

[Independent thinker]

The lawsuit — led by Utah Attorney General Sean Reyes and joined by 24 other states including Louisiana, Texas and Virginia — challenges a Department of Labor (DOL) rule unveiled in November and which is set to go into effect on Jan. 30. The rule would open the door for fiduciaries to factor so-called environment, social and governance (ESG) considerations into Americans' retirement accounts, an action the states argued could significantly harm the financial interests of customers.

"The Biden administration is promoting its climate change agenda by putting everyday people’s retirement money at risk," Reyes told FOX Business in a statement. "Americans are already suffering from the current economic downturn."

"Permitting asset managers to direct hard-working Americans’ money to ESG investments puts trillions of dollars of retirement savings at risk in exchange for someone else’s political agenda," he continued. "We are acting with urgency on this case because this illegal rule is set to take effect next week. It must be stopped."

25 states hit Biden admin with lawsuit over climate action targeting Americans' retirement savings

Two dozen states, led by Utah, sued the Biden administration on Thursday over a rule allowing fiduciaries to factor environmental and social issues into investment decisions.

www.foxbusiness.com

Comment:
We know that the Democrats are greedy dirtbag lazy moochers.
They don't want to work for what they want so they steal from others.
They are constantly scheming to find new ways to steal other people's money.
This is what "ESG" investment is really all about.
It is about stealing other people's money.
This could cause another Democrat Economic Disaster.

One thing they never understand is that when they do these things there is collateral damage. You push over one domino and it pushes over a bunch of other dominoes. This happens in everything they do.

 

[odanny]

We know that the Democrats are greedy dirtbag lazy moochers.
They don't want to work for what they want so they steal from others.

How much more do blue states contribute to the Gross Domestic Product than red states?

 

[Moonglow]

I live on my retirement account and it will not be required to invest in anything I don't want to invest in.

 

[Votto]

One thing they never understand is that when they do these things there is collateral damage. You push over one domino and it pushes over a bunch of other dominoes. This happens in everything they do.

Because their goal is destruction.

 

[Independent thinker]

Because their goal is destruction.

I have to admit, I don't believe that is their goal. I naively believe that they really want to help all of the people they claim to want to help. They are just extremely incompetent at it and when their policies don't work they believe the solution is to do more of what doesn't work. They are just so indoctrinated by their causes they don't have the ability to see that their solutions don't work and that the real answer is to do the opposite of what doesn't work. This concept is just so totally foreign to them they are unable to grasp it.

 

[Votto]

I have to admit, I don't believe that is their goal. I naively believe that they really want to help all of the people they claim to want to help. They are just extremely incompetent at it and when their policies don't work they believe the solution is to do more of what doesn't work. They are just so indoctrinated by their causes they don't have the ability to see that their solutions don't work and that the real answer is to do the opposite of what doesn't work. This concept is just so totally foreign to them they are unable to grasp it.

Yes and no.

I think their goal is a global reset, as the tell themselves that what is needed is some sort of one world collectivist government that will do what it has to in order to save the earth from global warming, etc.

The destruction that causes will be deemed collateral damage and necessary.

 

[Sunni Man]

Liberals/Democrats are basically cultural Marxists with a globalist agenda to subjugate humanity into a one world government system.
Where a small cabal rules over the population, and no one is allowed to own anything, and everyone shares equally in the misery.
China, Soviet Russia, Venezuela, North Korea, Cuba, are the countries they admire and want America to become.

 

[Votto]

Liberals/Democrats are basically cultural Marxists with a globalist agenda to subjugate humanity into a one world government system.
Where a small cabal rules over the population, and no one is allowed to own anything, and everyone shares equally in the misery.

And that is on a good day.

 

[Resnic]

One thing they never understand is that when they do these things there is collateral damage. You push over one domino and it pushes over a bunch of other dominoes. This happens in everything they do.

But the thing is, they don't care. They don't care because it won't effect them. They have money, power, varying degrees of fame, colleagues to call on, stock portfolios, retirement packages and so on.

Their future is secure so they don't care about average Americans. I don't even think they see us as people, I think they view us like we would a donkey. We make sure the donkey is fed, put it in the barn when we think it's time, have to get give it shots and so on and that's how they see us, something they need to deal with.

If they actually cared or even just related to us they wouldn't be doing all these things that harm us for the sake of their well being.

Pushing esg alone is highly problematic and anti American, but risking old folks financial well being? That's even worse because not only did they open the wound but they turned and put salt in it also.

 

[Sunni Man]

I have meet and talked to people that have escaped from communist countries and fled to America.
They are bewildered and find it unbelievable that soo many well meaning American people are warming up to the idea that socialism/communism might be the answer to the problems facing our country. ...

 

[Votto]

I have meet and talked to people that have escaped from communist countries and fled to America.
They are bewildered and find it unbelievable that soo many well meaning American people are warming up to the idea that socialism/communism might be the answer to the problems facing our country. ...

Any time you talk to a cult member you get bewildered

Just try talking to someone like Tom Cruise about Scientology.

You may as well be talking to Whoopi Goldberg about Hitler at that point.

 

[jwoodie]

I live on my retirement account and it will not be required to invest in anything I don't want to invest in.

How do you know that?

 

[jwoodie]

How much more do blue states contribute to the Gross Domestic Product than red states?

How much more do Republicans pay to the Federal Government than Democrats?

 

[Moonglow]

How do you know that?

I never plan on cashing in.