Ramaswamy Spars With NYC Troll Over Green Investing: 'A Devious And Dangerous Game'
Vivek Ramaswamy, a Republican presidential candidate, is calling out the reckless spending of Democrats, who are using pension funds to advance their own political agendas.
On Tuesday, Ramaswamy clashed with New York City Comptroller Brad Lander, who was pushing for green investments for pension plans. Ramaswamy expressed his concern for the pension plan participants, citing that fossil fuel companies outperformed the S&P by nearly 80%, and outperformed ESG funds by nearly 100%.
Despite this, ESG plans, including the one released by NYC, calls for divesting from these profitable sectors. Ramaswamy argued that it is up to the voters to decide if they want to make the sacrifices needed to fight climate change, and not the proper role of any pension fund manager.
Ramaswamy went on to explain that these blue state pension funds are using other people’s money to advance their own agendas. He called it a “devious and dangerous game for capitalism and democracy”.
Critics of ESG point to the crises in Sri Lanka, which banned chemical fertilizers, resulting in a 50% drop in crop yields in 2021, and Ghana, which suffered blackouts. Now, Missouri has announced it is pulling all assets from BlackRock, claiming the company’s push for ESG was a “massive fiduciary breach”.
It’s time for Democrats to stop playing games with our money and start being responsible with our funds. It’s wrong for them to use pension funds to advance their own agendas — especially when it could put our money at risk.
It’s time for Democrats to stop the reckless spending and get back to basics. We need them to be responsible with our money and start making solid investments that will actually benefit us in the long run.