Biden OKs 401(k) investment based on ESG, not return on investment

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Original_Intent
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Biden OKs 401(k) investment based on ESG, not return on investment

Post by Original_Intent »

Very concerning.

https://www.zerohedge.com/political/tha ... -401ks-esg
On Tuesday, the Department of Labor finalized a rule that provides regulatory cover for retirement plan sponsors who want to emphasize environmental, social and governance (ESG) factors in plan management.
The administration knows it's doing something that a broad swath of society would find objectionable: In choosing Tuesday of Thanksgiving week to post the rule, the White House was clearly aiming to minimize reporting and public awareness.
"ESG funds typically charge fees 40 percent higher than traditional funds, making them a timely answer to asset management margin compression."

But there's more at stake than dollars and cents. This is just one more scheme by which society is being force-marched into the depths of the broad progressive agenda.

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InfoWarrior82
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Location: "There are 15 on the earth today, you can trust them completely." -President Nelson (Jan 2022)

Re: Biden OKs 401(k) investment based on ESG, not return on investment

Post by InfoWarrior82 »

All is well in Zion! Yea, Zion prospereth!

Letfreedumbring
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Re: Biden OKs 401(k) investment based on ESG, not return on investment

Post by Letfreedumbring »

GasLight the World vending machines were getting a little too antiquated.

... ESG Clearinghouse - where you may have already helped somebody by investing

farmerchick
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Re: Biden OKs 401(k) investment based on ESG, not return on investment

Post by farmerchick »

Perfect.....more equity for some and less for others....government will get to pick who invests and where the money goes....how much is lost or made and who if anyone gets any rewards.....its going to be a perfect ESG world......

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