Op-Ed | Center for American Prosperity

Op-Ed: Biden is putting Americans’ retirement savings in the crosshairs

Steve Moore ,  January 18, 2023

This article originally appeared in Daily Caller on Januaray 18, 2023

 

President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings.

The administration is pushing environmental, social and governance investing, which allows retirement fund managers to select stocks of companies based on their positions on social and environmental issues.

Put simply, retirement savings will be used as leverage to force companies to reduce their carbon emissions and establish racial and gender quotas and other social justice fads completely unrelated to securing a high return on workers’ lifetime savings...

Read full op-ed in Daily Caller

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