Author Topic: Biden sued for injecting woke politics into retirement accounts  (Read 180 times)

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Online Elderberry

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Biden sued for injecting woke politics into retirement accounts
« on: February 22, 2023, 12:38:58 pm »
WND 2/21/2023

New rule lets money managers factor in 'climate change and racial justice'

Joe Biden is being sued for his scheming to inject politics into retirement accounts – the savings millions of Americans have set aside for their own senior years.

The Wisconsin Institute for Law & Liberty, has confirmed it has filed a legal action on behalf of retirement account participants Rick Braun and Fred Luehrs against the government over a new rule created by the Biden administration.

That would let those managing retirement accounts to use "environmental, social, and governance" factors in their management of others' money.

It was filed in federal court in Wisconsin.

"Imposing ESG factors not only violates the Employment Retirement Income Security Act of 1974 (ERISA), which governs the operation of retirement plans and protects the hard-earned savings of millions of employees from mismanagement and abuse, but undermines the authority of Congress," WILL explained.

More: https://www.wnd.com/2023/02/biden-sued-injecting-woke-politics-retirement-accounts/

Offline Hoodat

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Re: Biden sued for injecting woke politics into retirement accounts
« Reply #1 on: February 22, 2023, 12:57:01 pm »
This also violates the fiduciary responsibility of investors.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-