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South Carolina’s Battle Against ESGs: Too Early To Pop The Champagne
Bill headed to the governor’s desk is just the beginning of what is needed to protect South Carolinians from this dangerous social credit scoring system …
2 comments
If the federal Securities and Exchange Commission says that publicly traded companies must implement ESGs, there ain’t nothing that the South Carolina General Assembly, Treasurer Loftis, the Mom and Pop Alliance, nor Diane Hardy can do.
Will South Carolina secede from the United States again? Been there, done that over a century ago.
This is nothing but a scam. Why is it that whenever Republicans get together they go from being “free market” freedom to let’s pass a law telling everyone, how they have to invest, how they have to manage their health care, who they can marry, what religion they can be, who they can and cannot discriminate against, etc. etc.
Now what you are saying is you want a law that says I or anyone else CANNOT choose not to invest in a company, because we don’t like how they treat their employees, how they pollute the environment, or which politicians they support. That is all very relevant information to me and information I think affects the company’s future value.
So let’s be free-market. If you don’t care about those things you don’t have to. You can invest in companies that hate gay people, discriminate against women, pollute the environment, and support fascist dictator wannabes. You are free to do that. If you care about those things you should be able to find an investment advisor who will take those things into consideration in investing your money. We don’t need a law.