S10 EP180: Hour 2 - Progressives Come for Your 401(K) and Private Business
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 25 October 2021
⏱️ 40 minutes
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Transcript
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| 0:00.0 | Hello and welcome. It is Eric Erickson here. Delighted to have you with me. The phone number. If you want to be on the program, 877997, Eric, 877977-9-7-3-7-4-25. We got to go down the way. It should be a rabbit hole. Unfortunately, it's not a rabbit hole. It's reality. |
| 0:21.4 | And this is going to make some of you mad. |
| 0:26.4 | This is one of those things. |
| 0:28.1 | This should make you mad. |
| 0:29.6 | This really should make you angry with the way progressives are operating in Washington right now. |
| 0:39.3 | There is this thing you're going to start hearing about called ESG. |
| 0:46.2 | ESG. |
| 0:47.7 | It stands for environmental, social, and governance. |
| 0:57.7 | And right now, one of the provisions in the Democrats' reconciliation plan, beyond the $600, now now $850 a month spying on your checking |
| 1:17.2 | account is a provision that would require your managers of your 401k to steer you towards investments in groups with good environmental |
| 1:35.7 | scorecards, good social justice scorecards, and good gender equity scorecards for |
| 1:42.3 | governance. |
| 1:42.8 | You got enough women on the board. |
| 1:46.2 | This is in the Democrat's reconciliation plan. |
| 1:49.3 | Your 401k manager will no longer be allowed to just invest in the best stock for you. |
| 1:57.4 | Your 401k manager will be presumed to not be investing in the best stock unless the company |
| 2:03.6 | that it's investing in is good for the environment, good for social justice, or good |
| 2:09.8 | governance, meaning women got enough members of the alphabet gang on the board. |
| 2:19.1 | This is coming. |
| 2:21.2 | This is in the legislation. |
| 2:24.6 | It has been taken out and put back in repeatedly. |
| 2:27.6 | It's in now. |
... |
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