@LeaderJohnThune All we asked for was no wars, and deport all illegals, oh yeah and pass the save act. You couldn’t do any of them. That is why you fail.
@SenRandPaul Amazing y’all are just figuring this out. Two years after we gave you majorities. Unbelievable how big that bubble is that you all live in.
@tedcruz The last election was the most consequential and you all blew it with majorities. We asked for two things. Deport and no wars and you couldn’t even do that.
Why is no one taking about the blown lead which is Dave’s MO? He always sits on a 3 score lead. Hes notorious for it. This is not the first time yall. It just happened in extra shitty fashion. He’s probably a good dude but he epitomizes mediocrity. Either we want to have a better program or just close it down. Too much money poured into it for this product! Period.
Steak and Shake: "The root of the rot is index funds."
Most people aren't ready for this conversation, but investing in index funds means handing absurd amounts of influence to the executives of BlackRock, Vanguard, and State Street. The "Big Three" have ingeniously harnessed the power of YOUR MONEY, steering corporate policy by voting on your behalf at shareholder meetings.
To pick companies at random, the Big Three manage 22% of Moderna shares, 19% of Coca-Cola shares, and 25% of Target shares (as of last year).
This gives them the muscle to push their ESG program: environment, social, governance. Thus you get people like Larry Fink saying ominous things like “At BlackRock we are forcing behaviors … You have to force behaviors."
He can say that only because we turn our money over to him.
America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating.
Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground.
The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves.
It is time for a simple rewrite of the rules: We need to index the votes of index fund investors.
Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence.
True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over.
Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market.
We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
Imagine doing everything right by working hard, being frugal, and saving money for almost 40 years to retire comfortably and then the government robs you of 30% of your net worth in 6 years, plus all of the cumulative taxes you’ve paid.
Americans are being robbed blind.
@JoshGrahamShow I think the question everyone wants to know is. Coach, when you got a nice lead, why didn’t you stomp on their throat? Why is it always that when you get a 3 score lead you go super conservative and allow the other team to adjust and come back on you?
@statefansnation Are you effing serous? This was classic Dave. Get a 2 TD lead and sit on it. Garbage coaching through and through. Tired of this crap.
TV News is dead. It’s should be called “my side’s narrative.” All these stations do is piss their audiences off with half truth story’s to keep them watching. Angry audiences tune in. The only ones still watching and think they are actually getting news are boomers. Big Pharma knows this which is why they own 70% of the air they broadcast on. When the Boomers go so does the “news”. Hopefully.