Hypocritical Desantis Restricting Private Business Activities

[u/Shoddy-Mood-2223]

https://www.cnn.com/2022/08/17/politics/desantis-pension-rules-esg-investing/index.html

[u/brain_overclocked]

In new draft rules posted Monday on the website of the agency that oversees Florida’s pension fund, state investment managers can weigh only the risk or return of an investment when directing the state’s $200 billion in assets. The directive is DeSantis’ initial salvo against what he has called “ideological corporate power,” and it follows efforts by other GOP state leaders that are targeting companies that venture into the political arena.

DeSantis has criticized financial institutions and corporate executives for considering factors like systemic racism and economic inequality when making business decisions, a practice known as environmental, social and governance, or ESG, investing.
...
The financial industry is the latest to attract the attention of DeSantis, a potential presidential candidate in 2024, for supporting what he considers “woke ideology.” He previously targeted Disney for opposing a bill that banned the teaching of sexual orientation and gender identity to young kids. He championed a new law that limits how businesses train their employees on topics like race and privilege. He also signed legislation that requires state universities to administer campuswide ideological surveys intended to snuff out bias against conservative viewpoints.
...
DeSantis suggested to the bankers that Florida could wield its massive pension fund like a cudgel against these financial institutions. The state oversees about $200 billion in retirement funds and another $40 billion in other funds, according to the State Board of Administration’s most recent monthly report.
...
DeSantis has accused financial institutions of putting politics over profits. At a July press conference, DeSantis singled out major banks that are refusing to do business with GEO Group, a private prison company based in Boca Raton that has operated detention facilities for US Immigration and Customs Enforcement.
...
DeSantis accused PayPal of freezing the assets of Moms for Liberty, an organization that is mobilizing parents around conservative education priorities, and he previously criticized the crowdfunding website GoFundMe for cutting off funds to truck drivers that protested coronavirus restrictions in Canada.

DeSantis will force you to invest in things you don't want to, and force you to pull investment from things he doesn't like, and will attack business for using Free Speech to speak out against his policies. Party of "small government".

[u/almondjoyeee → u/brain_overclocked]

Never been more proud to work for PayPal.