Rob Fahr

Accountant, Philly and Missouri sports fan

[Steak 'n Shake @SteaknShake]

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.

[Mizzou Football @MizzouFootball]

𝐌𝐢𝐳𝐳𝐨𝐮 𝐌𝐢𝐱 💿

It’s just one of those days.

[Konstantin Kisin @KonstantinKisin]

The utopia that lied. Here's the truth...

@prageru

[The Real Mike Rowe @mikeroweworks]

Not the way I planned on spending my afternoon, but 7,600 comments should not be ignored! Bots, trolls and personal attacks notwithstanding, the critics of yesterday’s post were dominated by a large and vocal contingent who rushed to remind me that there’s “a difference between socialism and communism,” an obvious indication that they didn’t actually read the post.

Shelley Armour writes… “Mike! You know there is a difference between democratic socialism and communism, right?”

Hi, Shelley. Yes, I know there’s a difference, and I understand what the difference is. The larger point, and the fundamental flaw with your comment, is that you seem to believe the candidates within the Democratic Socialist Party are both “democratic and socialist" simply because that’s the name of their club. Well, maybe some of them are. I really couldn’t say. What I can tell you for sure is that more than a few have called for the complete dismantling of capitalism, free markets, representative government, property rights, borders, police, prisons, and the Constitution in general. My post referred to them, as well as a number of elected Democrats who have agreed to campaign on their behalf – including Gavin Newsom, who said, "The Democratic Party must accept the DSA in order to take back the Congress.” His words, not mine.

Tracey Steele writes…“Wow! I cannot believe Mike Rowe said this. He has a huge reach, and he is actually spouting the word “communism” like it’s the 1950s! Wow Wow Wow!”

Wow indeed, Tracey, and thanks for noticing the size of my reach! (Contrary to popular belief, size does matter!) To say it again, I am not the one “spouting” communism or conflating socialists and communists. The word is being “spouted” by members of the DSA who are using it to describe themselves. I am not accusing them; I am quoting them.

John Engles… Hey Rowe, what’s the difference between the Communists who want to run the country and the Nazi/fascist who currently is?

Several differences, John, but the only one relevant to this conversation is the fact that the communists currently running for office have clearly identified themselves as such. They do not dispute or reject the label. They embrace it. It is who they are, who they claim to be, and who they want to be. The president, on the other hand, has never claimed to be a Nazi or a fascist. That doesn’t mean he isn't, but it is worth noting he has rejected the accusation outright. Obviously, you are entitled to that opinion and the right to share it publicly, thanks to our Constitution. Unlike in a fascist, Nazi, or communist regime. (Also worth noting, Nazis and fascists are not the same thing.)

Chris Tomaloff writes… “Kinda like how the political right didn’t shout down the extreme rhetoric coming from their candidates?”

No, Chris, not like that at all. In the video I shared, we saw examples of prominent Democrats saying things like, “We need to elect more communists!” (Cea Weaver, Director of the NYC Mayor’s Office.) Mamdani himself literally tweeted, "Each according to their need, each according to their ability." That’s a direct quote from the Communist Manifesto.

But what exactly is the corollary from the right? Are prominent Republicans tweeting, “We need to elect more Nazis! We need to elect more fascists! Eat the poor!” I don’t think so. John Engles may think Trump is fascist and a Nazi, but Trump disagrees, and so do a majority of voters. Communists, on the other hand, say it loud and say it proud. I’m inclined to take them at their word.

Beto Ojeda… “Mike has always leaned to the Trumpian view of things but never states it, so as not to alienate anyone, but we know how to read between the lines. This “communist” talk is McCarthyism 2.0.”

I wasn’t around in the 1950s, Beto, but from what I’ve read, it was indeed a very difficult time to be a communist in this country. Lots of private citizens were dragged before Congress, made to take “loyalty oaths," and blacklisted in their places of work. I can’t justify it or condone it, but I can explain it. We had just fought a hot war against fascism and Nazism and just begun a Cold War against a communist regime. The existence of an organized Communist Party in this country at such a time strained the limits of tolerance. But do you really think we’re less tolerant today than we were seventy-five years ago? Do you really believe my comments about communists who claim to be communists are synonymous with another Red Scare? If you haven’t noticed, Chris, no one in the DSA, including the communists, is being dragged before Congress and made to swear a loyalty oath to the Constitution. Today, a communist in America can run for office…with the endorsement of the governor of California! And the tacit approval of a major political party! Seems to me we’re about as far from McCarthyism as we can get.

As for my desire not to alienate anyone, I suppose I am guilty of that. I run a foundation that is open to people of all political beliefs, and we’ve assisted lots of Americans who lean to the left. I also know for a fact that many Democrats have supported mikeroweWORKS historically, and I have no desire to run them off. But do you really have to “read between the lines” to understand where I’m coming from?

True, I’ve never endorsed a candidate or publicly encouraged people to vote. But I’ve been very transparent about the fact that I’m a registered Independent who favors policies and programs that often align with conservative principles. Obviously, I would not characterize those conservative principles as “Trumpian,” because a) they were around long before him, b) Trump is not a conservative, and c) I do not agree with or support everything the President says and does. So, is it possible, Beto, that your accusation is rooted in the fact that I have never publicly denounced the president to your satisfaction? Is it possible you think I'm a Trumper, simply because I've never called him a fascist, or a Nazi, or a liar, or a conman, or a traitor, or whatever else you believe him to be?

Gretchen Seipp… Mike, the fact that you still act as though you’re not political after all this time is a bit ridiculous. I still support your work and foundation because I believe in it, but the folksy act has worn thin.

Aw, shucks, Gretchen. Folksy? Lil' ole me?
Honestly, how am I acting as if I am “not political?” This entire conversation is the very definition of “political.”

Christopher Pugh… I would have voted for Mike Rowe and Freddie a few years ago before he went full-on MAGA, and I’m all in favor of his project, but it’s pretty clear the political direction that he’s moved in and the money trail that has influenced it.

It’s Freddy, not Freddie. (I don’t much care, but he’s a terrier and particular about such things.) As for the “full-on MAGA” moniker, is there something I did specifically to earn that designation? Is there some kind of general definition you can share? Or, are you coming from the same place as Beto? Is calling me “Full-On MAGA" your way of saying that I’ve failed to condemn Trump to your satisfaction?

For the record, MRW is supported by liberals and conservatives alike. I have no idea what “money trail” you are referring to. Also, regarding my personal politics, think about the implications of what I wrote. I said that the Democrats have been given a gift – an opportunity to appear reasonable by speaking the truth to their own party, just as Bill Maher has done. All they have to do is distance themselves from candidates who have called for the complete dismantlement of our Constitution. All they have to do is say, “Hold on, comrade. Our tent is not that big. We respect your right to hate America, but we don’t want you in our party, and we will not support your candidacy.”

If they say that, I think a lot of Independents would see them as they see John Fetterman, who has, in the eyes of many voters, become the most “rational” Democrat currently in office. If they don’t – if they actually welcome communist candidates into their party – then I’m afraid the Democrats, by default, will offer the American people a very simple choice in November – a party that disavows communism vs. a party that doesn’t. I think such a choice would be very positive for Republicans because I don’t think most Americans want to align themselves with a Democratic Party that welcomes communists. The question for you, Chris, is why would a “Full-On MAGA” like me encourage Democrats to act in a way that would disadvantage the Republican Party? And the answer is simple – it’s because I support the existence of a Democratic Party that believes America is still a fundamentally good place.

I think there’s a lot of room for improvement in our country, and I believe the best way to realize those improvements is for Democrats and Republicans to have continuous, robust and public debate about all the issues. But if one of those parties is affirmatively determined to transform our democratic republic into a communist state, then we’re no longer debating the various ways to make our country better; we’re debating the merits of destroying it. And really, what’s the point of tolerating that?

America is already a big tent, filled with hundreds of millions of people with wildly differing views and lots of political parties that represent those views. We’ve got the Green Party, the American Freedom Party, the Socialist Workers Party, the Constitution Party, and of course, the Communist Party USA, as well as the Democratic Socialist Party. America’s tent is so big, we can even tolerate fringe parties like the KKK, the Proud Boys, the Oath Keepers, and so forth. Why then, does Gavin Newsom want to make room in the Democratic tent for socialists and communists? There’s only one reason, and he’s already spelled it out for us – he believes the Democrats need them to win back the Congress. I think it’s a bad bet for the Democrats and for America. And if a prominent Republican reached out to the KKK with the same “big tent” offer, you’d better believe my vote would be in play.

Michael Tillman… When are you going to throw your hat into the ring, Mr. Rowe?

Ha! When it no longer fits my head!

[Stock Mom™ @stockmom]

I can't stop listening to this song. Best thing that came out of the World cup being in the United States this year. 🇺🇸

Watching this compilation of fans from all over the world at the 2026 World Cup in America is so heartwarming.

USA USA USA 🇺�

[Rob Fahr @RobFahr]

@RoKhanna The government does not invest… just tax, tax, tax and spend, spend, spend.

[Elon Musk @elonmusk]

https://t.co/LH6vwKppAi

[Rob Fahr @RobFahr]

@ChaseDaniel @BarstoolMizzou Thank you #10!!

[Walter Hudson @WalterHudson]

The sound bytes around the Pretti story evade both context and personal responsibility.

No one has the right to charge into a law enforcement operation and confront officers. It's a crime. Carrying a gun while doing so makes it more volatile.

[MAZE @mazemoore]

1995. Presidential Radio Address.

Clinton: It does not matter if they have committed crimes while here. They came here illegally. That's a crime. They have to go.

In 1995 the entire country agreed with this. It was common sense. Now Democrats call this fascism and hate speech.

[Jeffery Mead @the_jefferymead]

Socialists need the wealth CAPITALISTS create. Rugged individualism built America by rewarding effort, risk, and personal responsibility.

Collectivism is sold as compassion, but it does NOT create wealth. It takes what others produce and redistributes it through government power.

Forced collectivism leads to dependency and control. It seems democrats like dependency and control..

[Thomas Sowell Quotes @ThomasSowell]

“If I were rich, I would have a plaque made up, and sent to every judge in America, bearing a statement made by Adam Smith more than two and a half centuries ago: ‘Mercy to the guilty is cruelty to the innocent.’”

— Thomas Sowell

[Scott Adams @ScottAdamsSays]

Great reframe of "affordability":

"Democrats are now left with a single strategy: campaigning on the consequences of their own incompetence and hoping voters forget who caused them." -- JT Young

[Milton Friedman Daily @MiltonFriedmanW]

Milton Friedman on 4 ways to spend money:

1) Your money on yourself (you’re careful about both cost and quality)
2) Your money on others (you care about cost, less about quality)
3) Someone else’s money on yourself (you care about quality, not cost)
4) Someone else’s money on others (you care about neither)

The last one is how government spending works 🚨

[Eagles Fan Central @PhilaFanCentral]

15 years ago today - 12/19/2010

Down 31-10 at the Meadowlands with 8 minutes left, Michael Vick explodes - 3 total TD and over 100 rushing yards in the 4th quarter

Then the DeSean Jackson in a 31-31 game with 14 seconds left…

One of the greatest days �

[Fareed Zakaria @FareedZakaria]

When government seems incapable of building housing, fixing schools or balancing budgets, even sympathetic voters lose faith.

If Democrats want to rebuild that faith, they must rediscover the lost art of competence.

My take:

[David Asman @DavidAsmanfox]

The Affordable Care Act made health care less affordable… the Inflation Reduction Act caused a lot of inflation…government student loans made college more expensive…public housing and rent control destroyed decent housing…etc, etc.
Government’s the problem; not the solution.

[Scott Adams @ScottAdamsSays]

Maybe

[AKIRA THE DON @akirathedon]

What if
Laziness
Is a habit
Of thinking about
The cost of things
Or the effort
Instead of thinking about

THE PAYOFF

With @ScottAdamsSays

OUT NOW