Texas & Florida Continue to Lead the Nation

I knew it had to happen one day and I’m glad I’m still alive to enjoy saying: I AGREE WITH RICK. Yes take all that corporate money out of politics. Capital idea. Of course that will cost the Republicans hundreds of millions of dollars every election cycle. Between the “philanthropic trusts” and “ 501c4 social welfare groups” who do not have to reveal their donors (Koch, Thiel, Mercer, DeVos) they funded the R’s to the tune of ~800 million dollars
Dissatisfied With Their Party, Wealthy Republican Donors Form Secret Coalitions

One that was created by the billionaire industrialists Charles G. and David H. Koch spent more than $250 million in 2020. Another, spearheaded by the New York hedge fund billionaire Paul Singer, hosted top Republican politicians in February.(DeSantis).

and that goes for the Dems too
Democrats Decried Dark Money. Then They Won With It in 2020.

 

. Tyrants always have a lot of support. It is the only way tyranny can take hold. However, tyrants and those who support them do not deserve respect. And I agree that those who oppose tyranny must stand up to tyrants and call them out. And not he ostriches. So, I don’t care if those of you who enable this tyranny are the majority or a large minority. None of you are worthy is a respectful response. Other than to know that we stand against tor tide of right wing state sponsored oppression you so heartily cheer.

 

That is not what they have in mind.

 

DeSantis has spent a LOT of time telling companies how to conduct their affairs down here.

 

Lol... I was watching the re-telecast of Modern Marvels on the History Channel and in 2012 they predicted some funny stuff about 2020+ too.

Here' the thing if you use your critical thinking brain and you can extrapolate, then you can see where this canard 'EGS' is leading us towards... Here' a clue, it's Chinese.... and everyone has to belong to it (The Communist Party) in order to travel... to eat out... the get a job... to get a credit card... to vote... to even buy (70 year rent) a house.

It's exactly where this EGS BS will lead us to.

Big Ron knows this, and he IS NIPPING IN THE BUD.

 

Where do you see that they can’t invest in those companies?

 

I still want to know about the 300 million FRS has invested in Russia. Probably worth about 50 cents now.

 

Gotta cut 'em some slack Rick, they're super salty since the whole covid passport thing blew up so spectacularly.

 

I didn't know much about this topic, so did some reading. Some thoughts, which some experts here can weigh in.

• Prohibit big banks, credit card companies and money transmitters from discriminating against customers for their religious, political, or social beliefs

So, he's fighting back against basically PayPal who banned certain groups who happened to be at the Capital doing certain things on January 6th. Ok, the PayPal "deplatforming" a user for failure to comply with their written policies is just like any other services contract. Furthermore, doesn't PayPal have to adhere to US and international law on money transfers to be a FinTec company? It would be helpful to see more details from DeSantis on how he intends to enforce un-deplatfrorming groups.

• Prohibit State Board of Administration (SBA) fund managers from considering ESG factors when investing the state’s money.

If I understand correctly, DeSantis sits on the 3 member Board for the SBAFLA. So, he certainly has an incredible amount of power to mandated the fund manager's practices. After looking at the SBAFLA's financial statements for 2021, I can see they sort of kicked some serious ass in their investment return. FY 20 $203B. FY 21 $250B. An incredible 29.5% return in fiscal year 21. Not bad. Looking at the investment mix, the largest gainers were due to the fund managers investing in private equity -- the Apollo, Blackstone, Carlyle, Lexington, Fairview, Grovestreet, etc's of PE (Noted that there are also large investments in equities and real estate). All those PE funds now have a chilling effect because they have massive amounts under management held for SBAFLA and will need to decide if they themselves invest based on ESG factors or have to modify their approach. Interestingly there are large private equity investments by SBAFLA in oil and gas. Likely all these PE funds will rebalance or move to either a ESG / agnostic / "dirty" funds. That seems to be the trend.

• Require SBA fund managers to only consider maximizing the return on investment on behalf of Florida’s retirees.

What's sort of odd about this objective is that DeStantis seems to believe that ESG is diametrically opposed to the profit motive of companies and the funds that invest in them. There are no doubt certain businesses that have have negative externalities - oil and gas; chemicals companies; gun manufacturers; drug manufacturers etc. However, the sustainability of a business shouldn't be a bad factor and governance seems to be a good thing for a company to adhere.

 

Ya I hear forcing companies to make changes based on what government thinks is a proper social construct just to maintain a certain ESG score is free speech.

Democrats love pushing this crap that many Americans don’t want.

It’s sad because democrats continue down this road, it will only give republicans more power. When one party gets too much power, things go to shit. Look at our current mess.

 

This is just more political theater from DeSantis because he knows that the rubes will lap it up.

Evidence? This thread.

 

That’s fine but what does it have to do with my question?

 

The answer to your question it that there are serous first amendment, substantive due process and commerce clause issues with this proposal. Among other issues. The government establishing a political agenda that must be adhered to on pain of punishment. Forcing companies to entertain and find criminal activity. Different regulations or statutes than in other states and federally. Just more chum for those who love autocratic tyranny in this country.

 

Let’s out this in simple terms. Basically what this means is that a business must carry things like Nazi propaganda or fund raising because banning them is political and the company gets a lower score graded by the State. Even if the company finds it offensive. Forced speech. So, for those of you people who still support this after that easy explanation, you are the enemy of freedom and you have my enmity and we will stand against you, DeSantis and anyone else who pushes this. It also seems that you get a lower score if you support ceremonies rights that are deemed “woke” by the all powerful State. DeSantis is a danger to freedom. Welcome to 1984 and State speak.

 

Well, at least you are being clear that you are against freedom and for big government mandates, because some people use freedom in ways that you don't like.

 

Yeah, those investment bankers are well known socialists.