Woah, woah, woah! That's not happen, so why would they want to act on something that's not happening. That would be like banning aliens from taking over the planet in a scifi movie.
That's excellent. Extremely difficult, but excellent.
If you are wondering where Woke Capital gets it's money from, it's your pension plan, your taxes, your mortgage, and your student loans being financialized into debt-obligations. They are trading your debt as a commodity for a reliable passive income.
Taking one entire state's pension plan and removing it from ESG capital means funding competitors at the very least. Optimally the money should be removed from the stock market altogether, but we are talking about removing tens of millions, or even hundreds of millions of dollars, from the trusts of our enemies. This will accelerate their collapse.
Even if you partly manage to do it. Basically, no first order investments in these companies, but the debt could be passed around through subsidiaries back into these companies, would still drive up costs and create major headaches. If done properly, financial fraud investigations can be launched to tamp down on it.
Even if this is weakly done, it's an excellent line of attack against these financial hegemons.
Looks like he has his work cut out for him if he plans on making good with his word. He just made this announcement, so, give him some time to prove he's just another blow hard.
Google is the only one of those they have any decent investment in, and I don't imagine that was deliberate - it's much more likely that they just invested heaivly in IT as a sector given that 12 of the top 50 holdings by value are IT stocks.
For the rest:
C - 0.24% of the investment
DIS - 0.56%
GILD - <0.19% (not searching beyond the top 100 holdings for it)
MRNA - <0.19% (not searching beyond the top 100 holdings for it)
PG - 0.84%
Wow, a pension fund with holdings in 2436 stocks has small holdings in half a dozen big name companies? I'm shocked, shocked I say!
it owns millions of shares in all of them...Is he going to mass sell these and crash the prices of these organizations?
First off, I'm absolutely certain a state governor deliberately OK's the buying and selling of each item in the pension fund, right? Second, you do know that (with the exception of Moderna which is about half a billion) that all of the companies you listed have billions of outstanding public shares? Even if Florida dumped 100% of their investment in each of these companies tomorrow it would barely be a blip on the radar of any of them.
Would it be a nice thing to happen? Sure. Would it have any substantial impact? No.
(and, PS, their largest holding - Apple - is a morally worse organization than any of the ones you listed, except for maybe Google).
If you think all Apple's done morally is banning Gab, you're an just not paying attention. If you think Apple is less Woke than any other tech company, you're just an idiot - who created the pregnant man emoji again? And Apple's killed a bunch of people with their virtually slave-labor manufacturing conditions in China not to mention the mining for the components in their overpriced, underpowered devices. And Apple's been working for decades to cut consumer rights, both with devices with no user-serviceable parts and suing non Apple certified repair shops and being arguably the main force leading from the switch of open environments to walled garden.
Heck, even within your own warped worldview, they've been pulling and/or censoring content they've deemed offensive to women since at least 2009, using a ludicrously crazy criteria - for example, in 2010, they decided to censor Moby Dick because they declared sperm to be a verboten word.
Yuh huh. How long do you think a leader keeps his position, if he goes around vetoing the duly-made decisions of his own administration? For no justifiable (to normal people) reason? Bear in mind, widespread knowledge of problems of ESG and other associated corporate/social nuttiness is very recent.
Perfect then they will not mind banning it
Woah, woah, woah! That's not happen, so why would they want to act on something that's not happening. That would be like banning aliens from taking over the planet in a scifi movie.
That's excellent. Extremely difficult, but excellent.
If you are wondering where Woke Capital gets it's money from, it's your pension plan, your taxes, your mortgage, and your student loans being financialized into debt-obligations. They are trading your debt as a commodity for a reliable passive income.
Taking one entire state's pension plan and removing it from ESG capital means funding competitors at the very least. Optimally the money should be removed from the stock market altogether, but we are talking about removing tens of millions, or even hundreds of millions of dollars, from the trusts of our enemies. This will accelerate their collapse.
Even if you partly manage to do it. Basically, no first order investments in these companies, but the debt could be passed around through subsidiaries back into these companies, would still drive up costs and create major headaches. If done properly, financial fraud investigations can be launched to tamp down on it.
Even if this is weakly done, it's an excellent line of attack against these financial hegemons.
What's the problem with banning it if its already banned?
Looks like he has his work cut out for him if he plans on making good with his word. He just made this announcement, so, give him some time to prove he's just another blow hard.
Google is the only one of those they have any decent investment in, and I don't imagine that was deliberate - it's much more likely that they just invested heaivly in IT as a sector given that 12 of the top 50 holdings by value are IT stocks. For the rest:
C - 0.24% of the investment DIS - 0.56% GILD - <0.19% (not searching beyond the top 100 holdings for it) MRNA - <0.19% (not searching beyond the top 100 holdings for it) PG - 0.84%
Wow, a pension fund with holdings in 2436 stocks has small holdings in half a dozen big name companies? I'm shocked, shocked I say!
First off, I'm absolutely certain a state governor deliberately OK's the buying and selling of each item in the pension fund, right? Second, you do know that (with the exception of Moderna which is about half a billion) that all of the companies you listed have billions of outstanding public shares? Even if Florida dumped 100% of their investment in each of these companies tomorrow it would barely be a blip on the radar of any of them.
Would it be a nice thing to happen? Sure. Would it have any substantial impact? No.
(and, PS, their largest holding - Apple - is a morally worse organization than any of the ones you listed, except for maybe Google).
If you think all Apple's done morally is banning Gab, you're an just not paying attention. If you think Apple is less Woke than any other tech company, you're just an idiot - who created the pregnant man emoji again? And Apple's killed a bunch of people with their virtually slave-labor manufacturing conditions in China not to mention the mining for the components in their overpriced, underpowered devices. And Apple's been working for decades to cut consumer rights, both with devices with no user-serviceable parts and suing non Apple certified repair shops and being arguably the main force leading from the switch of open environments to walled garden.
Heck, even within your own warped worldview, they've been pulling and/or censoring content they've deemed offensive to women since at least 2009, using a ludicrously crazy criteria - for example, in 2010, they decided to censor Moby Dick because they declared sperm to be a verboten word.
Are you under the impression that the Governor does all the investing for the State?
Yuh huh. How long do you think a leader keeps his position, if he goes around vetoing the duly-made decisions of his own administration? For no justifiable (to normal people) reason? Bear in mind, widespread knowledge of problems of ESG and other associated corporate/social nuttiness is very recent.