The border wall is the cornerstone of President Trump’s campaign platform. This week, Sacramento politicians proposed a bill that that would divest its pension funds from companies engaged in the building of that wall.
Assembly Bill 946 would give CalPERS and CalSTRS, the state’s massive public employee and teacher retirement systems, one year to identify and liquidate any holdings in companies working on the wall, a central campaign promise of Trump’s for which his administration is now accepting bids.
…With portfolios worth hundreds of billions of dollars, CalPERS and CalSTRS are frequent targets for groups seeking to make a powerful political statement by pressuring the funds into cutting ties with a particular industry. Recent years have brought debates over whether California should be invested in tobacco, coal, guns and the Dakota Access Pipeline.
I suspect that this proposal will not be as successful as the politicians believe. History suggests that anti-Trump boycotts have proven that they have an opposite effect.Read more at LegalInsurrection