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Tue Jan 15, 2013, 06:54 PM

Call to divest from gun companies

If you have a 401k, 403b, pension plan, or mutual fund, call the fund administrator to insist they divest from gun companies. If you can change your mutual fund choices yourself, consider opting for one that doesn't invest in guns. Many investment groups offer socially responsible mutual fund options. One power in this country is absolute-- money. Institutional investors, like universities and school districts, are the biggest investors on Wall Street. Remember Apartheid? Divestment contributed to its demise. You have more financial power than you realize. Use it!

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Arrow 27 replies Author Time Post
Reply Call to divest from gun companies (Original post)
BainsBane Jan 2013 OP
aikoaiko Jan 2013 #1
BainsBane Jan 2013 #3
aikoaiko Jan 2013 #20
geckosfeet Jan 2013 #2
BainsBane Jan 2013 #4
geckosfeet Jan 2013 #7
BainsBane Jan 2013 #5
geckosfeet Jan 2013 #9
BainsBane Jan 2013 #11
RomneyLies Jan 2013 #6
BainsBane Jan 2013 #12
RomneyLies Jan 2013 #13
BainsBane Jan 2013 #15
RomneyLies Jan 2013 #16
BainsBane Jan 2013 #17
Llewlladdwr Jan 2013 #8
BainsBane Jan 2013 #10
Llewlladdwr Jan 2013 #18
BainsBane Jan 2013 #21
Llewlladdwr Jan 2013 #23
BainsBane Jan 2013 #24
BainsBane Jan 2013 #25
RomneyLies Jan 2013 #14
Llewlladdwr Jan 2013 #19
BainsBane Jan 2013 #22
ProgressiveProfessor Jan 2013 #26
BainsBane Jan 2013 #27

Response to BainsBane (Original post)

Tue Jan 15, 2013, 06:57 PM

1. I'm OK with lawfully owned guns used for lawful purposes

I don't want gun companies to go away.

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Response to aikoaiko (Reply #1)

Tue Jan 15, 2013, 07:00 PM

3. your choice

but I fail to understand why you feel a need to insert yourself in a call for activism that, by your own admission, doesn't apply to you. It's one thing to assert a Second Amendment right to own a gun and another to argue for the unfettered profits of a multi-billion dollar industry.

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Response to BainsBane (Reply #3)

Tue Jan 15, 2013, 07:51 PM

20. Well, this is a discussion board. You presented a topic all members and I responded.


And I certainly made no comment on arguing for unfettered profits.

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Response to BainsBane (Original post)

Tue Jan 15, 2013, 07:00 PM

2. I support jobs for Americans making and selling products in this country.

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Response to geckosfeet (Reply #2)

Tue Jan 15, 2013, 07:01 PM

4. and guns aren't made abroad

Since when?

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Response to BainsBane (Reply #4)

Tue Jan 15, 2013, 07:04 PM

7. Some are. But they are imported and sold here.

By Americans.

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Response to geckosfeet (Reply #2)

Tue Jan 15, 2013, 07:04 PM

5. the funeral business is especially lucrative

lots of coffins, especially tiny size ones fit for 6 year olds.

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Response to BainsBane (Reply #5)

Tue Jan 15, 2013, 07:07 PM

9. Different issue all together.

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Response to geckosfeet (Reply #9)

Tue Jan 15, 2013, 07:14 PM

11. the exactly same issue

Guns kill and create lots of jobs manufacturing tiny coffins.
What did you think happened after 11 bullets pierce the body of a 40 lb child? Did you suppose those little bodies magically disappeared? 38,000 deaths a year in this country due to the gun jobs you care so much about, despite the fact the many of those guns are manufactured abroad. The bodies are American though. As are those of another 75,000 injured from firearms. More preschool children than active duty police die from guns. The jobs you care so much about have real life consequences.

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Response to BainsBane (Original post)

Tue Jan 15, 2013, 07:04 PM

6. I think lots of mutual funds are probably already doing so.

 

They see the writing on the wall and the current growth in gun sales is unsustainable. especially with public mood about guns.

Smith and Wesson Holding Corp. took a big dump since it's high of 11.25 on December 7, just before the Sandy Hook tragedy. It closed at 8.46 today.

Sturm, Ruger and Co., Inc. was selling at a high of $60.11 at the same time in December, closed at 47.99 today.

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Response to RomneyLies (Reply #6)

Tue Jan 15, 2013, 07:15 PM

12. yes, we can add to those voices

by contacting the companies that administer our own retirement plans.

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Response to BainsBane (Reply #12)

Tue Jan 15, 2013, 07:17 PM

13. Fortunately, I manage my 401K investments

 

I have to watch specific funds, but I have the choice.

No gun stocks in my 401K, not that it's worth much. Just got back to where I was before Bush's crash.

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Response to RomneyLies (Reply #13)

Tue Jan 15, 2013, 07:24 PM

15. meaning you switch your funds around?

But you can still call the company--in my case it's TIAA-Cref--to tell them you think they should divest entirely.

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Response to BainsBane (Reply #15)

Tue Jan 15, 2013, 07:27 PM

16. I'll call the individual funds offered in the program

 

I'll even talk to a few I knew were in deep with Sturm, Ruger claiming I'm researching to see if I want to add them to my portfolio. when they get to Sturm Ruger I'll tell them thanks but no thanks.

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Response to RomneyLies (Reply #16)

Tue Jan 15, 2013, 07:28 PM

17. fanastic!

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Response to BainsBane (Original post)

Tue Jan 15, 2013, 07:05 PM

8. I can't support policies that punish hard-working Americans, sorry. nt

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Response to Llewlladdwr (Reply #8)

Tue Jan 15, 2013, 07:07 PM

10. yes we know

of your relentless crusade for the corporate gun lobby. You make that clear several times a day. I don't recall asking you to participate, yet you can't pass up a chance to piss all over progressive activism.

You can take heart in the fact that funeral industry is especially active, producing and selling tiny little coffins that fit six year olds.



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Response to BainsBane (Reply #10)

Tue Jan 15, 2013, 07:47 PM

18. I consider support fo rthe 2nd Amendment to *be* progressive activism.

Nor was I aware that I required an invitation to participate in an open thread here.

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Response to Llewlladdwr (Reply #18)

Tue Jan 15, 2013, 07:56 PM

21. I don't recall mentioning the Second Amendment

No where in the second amendment does it guarantee unfettered profits to gun companies.

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Response to BainsBane (Reply #21)

Tue Jan 15, 2013, 08:00 PM

23. It's difficult to exercise one's right to keep and bear an item that is unobtainable. nt

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Response to Llewlladdwr (Reply #23)

Tue Jan 15, 2013, 08:02 PM

24. unobtainable?

Because the profits of the industry you worship would be diminished slightly? I see exactly what you are, as do the majority of DU members.

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Response to Llewlladdwr (Reply #18)

Tue Jan 15, 2013, 08:05 PM

25. By the way

their is noting progressive about your particular interpretation of the Second Amendhttp://www.dailykos.com/story/2012/10/16/1144982/-Daily-Kos-SEIU-State-of-the-Nation-poll-Romney-s-best-numbers-of-the-weekment. Unless, of course, your idea of progressive is shared by the Tea Party.

Your progressive trope is empirically false.

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Response to Llewlladdwr (Reply #8)

Tue Jan 15, 2013, 07:18 PM

14. Then you are robbing other companies that hire hard working Americans but don't

 

manufacture guns.

Lots of investment choices out there and there are not many publicly traded gun companies.

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Response to RomneyLies (Reply #14)

Tue Jan 15, 2013, 07:48 PM

19. Am I also robbing the other grocery store chains in my area that I don't patronize? nt

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Response to Llewlladdwr (Reply #19)

Tue Jan 15, 2013, 07:57 PM

22. a big Walmart shopper too, are you?

Most guns are imported, just like everything else.

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Response to BainsBane (Original post)

Tue Jan 15, 2013, 09:06 PM

26. As long that they comply with their fiduciary duty, sure

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Response to ProgressiveProfessor (Reply #26)

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