Their investment accounts will suffer because of it
New York City may divest hundreds of millions of dollars from Walmart and other big-name stores that sell guns and ammunition less than two years after it yanked investments in the country’s biggest gun manufacturers.
Trustees for the New York City Employees Retirement System, or NYCERS, one of the largest U.S. pension funds with more than 300,000 active members, passed a resolution this week to study the impact of selling its shares in major gun retailers, including Walmart, Dick’s Sporting Goods, and Cabela’s.
“Our nation is bleeding from gun violence, and we cannot and should not bolster the gun retailers whose weapons are used to kill and maim our citizens,” Public Advocate Letitia James, who introduced the resolution, said in a statement.
“Our public money must not be invested in companies that fundamentally undermine our public safety,” James continued. “We need to study the potential consequences and risks of continuing to own equity and fixed income holdings in gun retailers, whose weapons and ammunition reach the streets, towns and cities across our country.”
Yes, law-abiding, tax paying companies are helping criminals kill.
In Letitia James’ imagination.
Maybe if she could join us all in the real world, she’d do something better with her time. Like, well, anything that doesn’t make her a tool of Bloomberg’s anti-civil rights agenda.