Page 15 of 20 FirstFirst ... 51314151617 ... LastLast
Results 141 to 150 of 192

Thread: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

  1. #141
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 05:22 PM
    Gender
    Lean
    Liberal
    Posts
    23,358

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by shavingcollywob View Post
    Is it safe to say you're very young? I mean what adult doesn't know what a 401(k) plan is?

    Hobby Lobby isn't investing in companies who profit from birth control. They're literally investing in nothing here. A 401(k) is a retirement plan. It's their employee's plan but most employers match contributions up to a point. That's all Hobby Lobby is doing. It's extremely doubtful that they have any idea what's in *ANY* of their employees 401(k) plans and there is no real reason they should. It's pretty doubtful that ownership has much idea what's in their 401(k) plan either. It's pretty doubtful that ownership has much idea which companies even make birth control. I certainly don't.
    If they are contributing money that buys stock in those companies they are certainly "investing" and supporting those companies. That's the slippery slope they have chosen. It is also why they will fail in this foolish effort.

  2. #142
    Sage

    Join Date
    Mar 2012
    Location
    US, California - federalist
    Last Seen
    11-12-16 @ 10:35 AM
    Gender
    Lean
    Liberal
    Posts
    6,485

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by shavingcollywob View Post
    Is it safe to say you're very young? I mean what adult doesn't know what a 401(k) plan is?

    Hobby Lobby isn't investing in companies who profit from birth control. They're literally investing in nothing here. A 401(k) is a retirement plan. It's their employee's plan but most employers match contributions up to a point. That's all Hobby Lobby is doing. It's extremely doubtful that they have any idea what's in *ANY* of their employees 401(k) plans and there is no real reason they should. It's pretty doubtful that ownership has much idea what's in their 401(k) plan either. It's pretty doubtful that ownership has much idea which companies even make birth control. I certainly don't.
    I believe this should be anecdotal evidence that a one size morality fits all approach may not be in accordance with the subjective value of morals of everyone.

  3. #143
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 06:50 PM
    Gender
    Lean
    Independent
    Posts
    54,657

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by danielpalos View Post
    Why should a Capitalist "impose" morals with merely his Capital?
    Love how you continue to ignore the fact that they are doing what you merely bleat on about. Very telling.

  4. #144
    Sage

    Join Date
    Mar 2012
    Location
    US, California - federalist
    Last Seen
    11-12-16 @ 10:35 AM
    Gender
    Lean
    Liberal
    Posts
    6,485

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by VanceMack View Post
    Love how you continue to ignore the fact that they are doing what you merely bleat on about. Very telling.
    Why complain about our modern, Capital based morality in modern economic times?

  5. #145
    Guru
    WorldWatcher's Avatar
    Join Date
    Jun 2013
    Last Seen
    Yesterday @ 05:39 PM
    Gender
    Lean
    Independent
    Posts
    3,041

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by iguanaman View Post
    If they are contributing money that buys stock in those companies they are certainly "investing" and supporting those companies. That's the slippery slope they have chosen. It is also why they will fail in this foolish effort.

    No they are not, the story is misleading.

    Let me explain how 401(k) contributions work.

    1. Company selects a Fund Manager (could be MetLife, ING, Schwab, etc...).

    2. The employee enrolls for payroll deduction from their pay that is deducted and transferred to the Fund Manager who then deposits the money in their "account" and the investments are then made based on the fund families that the investor selects based on the financial planning goals.

    3. As part of the compensation of the employee the company can chose to match some (based on a percent, dollar amount, or none at all) the employee contribution. Those funds are paid the the employee and distributed to the Fund Manager who then invests it from the investors account in the funds the investor selected.


    The Company (Hobby Lobby) does not do any investing, the pay the employees who becomes the investor and it is their money deposited in the Fund Managers account as an investor.

    Saying it's Hobby Lobby's money being invested is false, it's like saying the Hobby Lobby buys beer because they pay me wages and after work I stop at a 7-11 and buy a six-pack of Bud Lite.



    >>>>

  6. #146
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 05:22 PM
    Gender
    Lean
    Liberal
    Posts
    23,358

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by WorldWatcher View Post
    No they are not, the story is misleading.

    Let me explain how 401(k) contributions work.

    1. Company selects a Fund Manager (could be MetLife, ING, Schwab, etc...).

    2. The employee enrolls for payroll deduction from their pay that is deducted and transferred to the Fund Manager who then deposits the money in their "account" and the investments are then made based on the fund families that the investor selects based on the financial planning goals.

    3. As part of the compensation of the employee the company can chose to match some (based on a percent, dollar amount, or none at all) the employee contribution. Those funds are paid the the employee and distributed to the Fund Manager who then invests it from the investors account in the funds the investor selected.


    The Company (Hobby Lobby) does not do any investing, the pay the employees who becomes the investor and it is their money deposited in the Fund Managers account as an investor.

    Saying it's Hobby Lobby's money being invested is false, it's like saying the Hobby Lobby buys beer because they pay me wages and after work I stop at a 7-11 and buy a six-pack of Bud Lite.



    >>>>
    So you are saying that paying money to those that invest that same money is not he same as investing themselves? Pure semantics.

  7. #147
    Guru
    WorldWatcher's Avatar
    Join Date
    Jun 2013
    Last Seen
    Yesterday @ 05:39 PM
    Gender
    Lean
    Independent
    Posts
    3,041

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by iguanaman View Post
    So you are saying that paying money to those that invest that same money is not he same as investing themselves? Pure semantics.

    Are you saying that my employer gives me money for work in my paycheck and when I stop at 7-11 they own the beer that I buy?



    >>>>

  8. #148
    Professor

    Join Date
    May 2013
    Last Seen
    06-21-17 @ 12:55 PM
    Lean
    Moderate
    Posts
    1,577

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    It astounds me how many people are ignorant of how a 401(k)/mutual funds work. It really makes me wonder how many people critical of Hobby Lobby in this instance know the details of their own (or even have their own).

  9. #149
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 05:22 PM
    Gender
    Lean
    Liberal
    Posts
    23,358

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by WorldWatcher View Post
    Are you saying that my employer gives me money for work in my paycheck and when I stop at 7-11 they own the beer that I buy?



    >>>>
    Your employer gives you extra money to invest in 7-11? They must like big gulps.

  10. #150
    Sage
    Moot's Avatar
    Join Date
    Oct 2006
    Location
    Utah
    Last Seen
    Today @ 03:31 AM
    Lean
    Undisclosed
    Posts
    27,460

    Re: Hobby Lobby invests in companies that makes IUD's/Plan-B Contraceptives

    Quote Originally Posted by VanceMack View Post
    Except you ARE the one complaining. Hobby Lobby was a model organization providing minimum wage workers an average salary of TWICE the minimum wage AND providing them health care. But because people like you didnt think it was fair that they didnt provide something different, they have been sued, and now have put that healthcare at risk for 15,000.

    BTW...how many people do YOU employ? Do YOU pay them twice minimum wage for unskilled workers? Do YOU provide for the healthcare needs for 15,000 people?
    I thought it was HL that was suing the government because they didn't want emergency contraceptives offered under their group health insurance policy. But now you are saying that HL is being sued? By whom?

Page 15 of 20 FirstFirst ... 51314151617 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •