Thread: Check your 401(k)'s fine print! Because now Biden wants to raid YOURS to fund net zero and 'diversity'. But why should his woke agenda put your retirement at risk, demands ANDY PUZDER

Ready to kiss your retirement money goodbye?
"If you are among the tens of millions of Americans with a 401(k), you'd better pay attention.The Biden administration is putting your retirement money at risk in pursuit of their woke leftist agenda.
The evening before Thanksgiving to avoid unwanted attention, Biden's Department of Labor released an Orwellian new rule misnamed 'Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.'
Don't let the mind-numbingly bureaucratic gobbledygook distract you. The rule interprets a law that requires fund managers make investment decisions for the sole benefit of the Americans who depend on those assets.
That's certainly both a good and reasonable policy. And at one time, it was bipartisan . . . Well, enter the Biden Administration and 'environmental, social and governance' – or ESG – investing. ESG is a set of ill-defined, non-financial investment criteria used to screen potential investments based on how well a company is pursuing certain social or political goals.
Getting nervous? . . . While there is no generally accepted definition, ESG often includes things such as advancing the goal of net zero carbon emissions (a.k.a. destroying America's energy sector and driving up energy prices), hiring to create diversity (a.k.a. discrimination based on race or sex rather than qualifications, merit, or character) and acceding to employee demands (a.k.a. unionization).

Full article:https://www.dailymail.co.uk/news/art...DY-PUZDER.html

Fed up Frenchmen pull ESG climate protesters demanding the end of use of gasoline aka carbon from blocking the roada:
<font color="#000000"><span style="font-family: graphik">https://defiantamerica.com/wp-conten...ench-giant.mp4

Yep, "You will own nothing, and you will be happy".

I read the title and thought BlackRock and Vanguard... Vanguard wasn't mentioned, but it will not be too far behind.

Bankrupt the middle class, and if Blackrock and Vanguard are gone, most of the Western world's retirement funds are gone.

Time to look after yourself... Everything you thought was good is going to be theirs (not yours)...

He's this century's greatest visionary!

Every century has one!

Future retirees to own nothing except cans of Kennel Rations (aka Biden Rations) and a can opener? On election day, you can have a special treat for voting for the Party - flavored fried cockroaches and crickets!
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Originally Posted by RustyNuts

Yep, "You will own nothing, and you will be happy".

I read the title and thought BlackRock and Vanguard... Vanguard wasn't mentioned, but it will not be too far behind.

Bankrupt the middle class, and if Blackrock and Vanguard are gone, most of the Western world's retirement funds are gone.

Time to look after yourself... Everything you thought was good is going to be theirs (not yours)...

I guess I'm surprised that an article going into detail like this about American issues would appear on a UK website, but I'm glad it did.