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re: Hobby Lobby's Retirement Plan Invests in Contraception Manufacturers

Posted on 4/2/14 at 2:07 am to
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 4/2/14 at 2:07 am to
quote:

Your employer doesn't control your insurance choices. You can certainly purchase your own insurance.


Is my employer going to give me the $$$ since I won't take their insurance?
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 4/2/14 at 2:10 am to
The companies they invest in provide the objectionable birth control so hypocrisy is intact.
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 4/2/14 at 6:19 am to
quote:

Plan B is what they oppose (and invest in).



Why do they oppose Plan B? Do they oppose condoms as well?
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 4/2/14 at 6:43 am to
quote:

Why do they oppose Plan B? Do they oppose condoms as well?


In a brief submitted to the Court in support of Hobby Lobby’s position in the case, the company specifically names contraceptive products such as Plan B, Ella, and IUDs as violating their religious beliefs because they work by preventing a fertilized egg from implanting in a woman’s uterus.

Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 4/2/14 at 6:53 am to
quote:

You don't seem to understand how mutual funds work.
This should have ended this idiot thread.
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 4/2/14 at 6:54 am to
quote:

In a brief submitted to the Court in support of Hobby Lobby’s position in the case, the company specifically names contraceptive products such as Plan B, Ella, and IUDs as violating their religious beliefs because they work by preventing a fertilized egg from implanting in a woman’s uterus.



Well Plan B and IUDs don't prevent implantation. They prevent fertilization. In that sense, they're more like a chemical condom.

So they're simply wrong on those points. Ella, though, does operate to prevent implantation.
Posted by Mo Jeaux
Member since Aug 2008
59055 posts
Posted on 4/2/14 at 6:55 am to
You still don't seem to understand what a 401k is and you continue to revel in your ignorance. Quite frankly, I'm embarrassed for you, but this type of argument seems to be par for the course for your ilk.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 4/2/14 at 6:57 am to
quote:

The companies they invest in provide the objectionable birth control so hypocrisy is intact.
So is stupidity.
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 4/2/14 at 6:58 am to
quote:

You don't seem to understand how mutual funds work.


Couldn't we say the same for health insurance then?

The OP's argument: "Hobby Lobby pays for things that they say are against their religious beliefs by funding these retirement plans."

Hobby Lobby's argument: "We don't want to pay for things that are against our religious beliefs by funding certain health insurance programs."

You can't say "their retirement plans are not actually paying for any of that due to the nature of the system" while simultaneously giving weight to the argument that they're explicitly "paying for" contraceptives and birth control.

With mutual funds, you put your money in a pool and a brokerage company determines where it goes. They create and manage the fund. With insurance, you put your money in a pool and an insurance company decides where it goes. They create and manage the plan.
Posted by Mo Jeaux
Member since Aug 2008
59055 posts
Posted on 4/2/14 at 7:01 am to
So you're saying you think the 401k is actually hobby lobby's?
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 4/2/14 at 7:02 am to
quote:

So you're saying you think the 401k is actually hobby lobby's?



Nope. Not at all what I'm saying.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 4/2/14 at 7:04 am to
Fair point. So did they know prior to Mother Jones article they had invested in these areas? See they knew via Odramacare they would. Do they as a company contribute matching funds to the employees retirement investments?
Posted by bamafan1001
Member since Jun 2011
15783 posts
Posted on 4/2/14 at 7:04 am to
This argument was still stupid when the right made it.
Posted by MMauler
Member since Jun 2013
19216 posts
Posted on 4/2/14 at 7:05 am to
quote:

I bet you felt like a million dollars when you posted this. Pretty soon you will feel like a dumb arse.


Unfortnuately, he doesn't have the intelligence to be able to figure out what a huge dumb arse he really is.

You know what they say -- ignorance truly is bliss.
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 4/2/14 at 7:07 am to
quote:

So did they know prior to Mother Jones article they had invested in these areas?


My guess is no. Even then, it makes it hard to take their outrage seriously because then they're basically admitting to buying into something without taking a second look at it. If these issues are so morally objectionable to you, you'd think you'd take a long hard look at where you're money's going, right?

quote:

Do they as a company contribute matching funds to the employees retirement investments?



I have no idea. I'm guessing yes, because that's pretty common, but I don't know for sure.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 4/2/14 at 7:09 am to
quote:

You don't seem to understand how mutual funds work.


This
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 4/2/14 at 7:11 am to
quote:

If these issues are so morally objectionable to you, you'd think you'd take a long hard look at where you're money's going, right?


If it was truly a moral issue, they wouldn't stock a bunch of cheap plastic crap made in China, which has actual abortions forced on people, not creatively defined ones.

Posted by Taxing Authority
Houston
Member since Feb 2010
57375 posts
Posted on 4/2/14 at 7:17 am to
quote:

You can't say "their retirement plans are not actually paying for any of that due to the nature of the system"


First, owning a stock doesn't purchase the product. Only a paying customer does that. HL doesn't want to be a paying customer. I thought liberals were pro-choice?

Second, HL doesn't own the stocks. Their employees do. HL doesn't seem to care what its employees do with their private salary. Just as it should be.

If "liberals" were intellectually honest they applaud HL for this.

Trying to twist this into some "gotcha" is making a lot of people look really desperate.
This post was edited on 4/2/14 at 7:18 am
Posted by moneyg
Member since Jun 2006
56670 posts
Posted on 4/2/14 at 7:24 am to
quote:

Is my employer going to give me the $$$ since I won't take their insurance?



What an arse backwards way of looking at the situation.

Posted by MMauler
Member since Jun 2013
19216 posts
Posted on 4/2/14 at 7:44 am to
The liberal idiots in this string also don't understand how ERISA works either. You want to put moral restrictions in your own stock dealings, that's up to you. But, if you attempt to do this in an employer plan and the FIRST time you have a loss, you will be sued for breach of fiduciary duty. Why do you think pretty much all plans are now invested with huge national mutual funds that allow their employees to pick and choose which mutual funds they want to invest in.

You limit your employees "choices" according to your moral beliefs and you will get sued, and will, most likely lose.
This post was edited on 4/2/14 at 7:45 am
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