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Thread: Biden wants your retirement savings to go woke

  1. #51
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    carolina73's Avatar Senior Member
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    Quote Originally Posted by Now_What View Post
    Is that the one on the Club for Growth Foundation? If so, there will always be outlier groups that want extreme things. But to say that the goal of making environmentally responsible options available for investment is to eventually force it on everybody is not realistic, or the intension of almost anybody.
    I would like to agree with you but then why is Biden pushing it? I can see an incentive coming that cost taxpayers.
    Let's go Brandon !!!

  2. #52
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    Now_What's Avatar Senior Member
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    Quote Originally Posted by LWW View Post
    No, not really.

    If an employer makes it the default ‘CHOICE’ new employees are less likely to make a different choice.
    Did it say somewhere that it will be the default choice? It may have, it has been a while since I read this. If true, I don’t think it should be the default choice, which currently is usually the fund with a target retirement date.

  3. #53
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    The Booman's Avatar Senior Member
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    he also wants your daughters...as long as they have not reached puberty.





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    Quote Originally Posted by The Booman View Post
    he also wants your daughters...as long as they have not reached puberty.
    Is that better or worse than wanting your own daughter like the last guy?

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    They have to take more of our money since they have already spent everything for the next century. We are literally financially f**ked.





  6. #56
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    Fighting back against the thuggish ‘ESG’ woke agenda

    ...On Friday, North Carolina Treasurer Dale Folwell became the latest of officials from nearly half the states across the country — including Florida, Texas, Kentucky, Missouri, Arizona and West Virginia — to protest Wall Street’s blue investment strategy, called ESG.

    ...State officials are pulling billions of dollars out of Wall Street asset managers like BlackRock, State Street and Vanguard, citing ESG’s lousy returns and strong-arming of corporations that don’t bow to the left-wing agenda.

    Pay attention to these officials’ warnings, because ESG is also hurting small investors. In fact, even if you don’t invest at all but you pay taxes, ESG puts you at risk. You’ll be on the hook when states invested in ESG funds incur losses and have to come to taxpayers for more money. New York City taxpayers, beware.

    Folwell calls ESG “wacktivism”...
    But not all states are smart...

    ...New York City has incurred sizable losses. Taxpayers will have to cough up billions to replenish the city’s retirement system, says city Comptroller Brad Lander. Instead of being remorseful, Lander is pressing Vanguard and BlackRock — the two biggest asset managers of city retirement funds — to double down on their climate commitments. Taxpayers can pound salt.

    ...It’s hard not to apply the word “scam” to aggressive ESG marketing, especially to millennials. Asset managers charge a whopping 40% more to manage money in these funds than non-ESG funds. For what? That’s the question the Securities and Exchange Commission is asking.

    ...Making ESG claims without backup is so common now, it has a name: “greenwashing.”...
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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