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JD Vance on Corporations
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ESG is a massive racket at the expense of workers
Vance ran on an ardently pro-Trump agenda that focused heavily on opposing "woke" policies. He railed heavily against environmental, social and governance investing, calling it "a massive racket to enrich Wall Street and enrich the financial sector of
the country, at the expense of the industries that actually employ a lot of Ohio's workers for middle-class jobs."[Investopedia.com definition: "ESG investing is used to screen investments based on corporate policies and to encourage companies to act
responsibly. ESG investing refers to how companies score on responsibility metrics and standards for potential investments. Environmental criteria gauge how a company safeguards the environment. Social criteria examine how it manages
relationships with employees, suppliers, customers, and communities. Governance measures a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
Source: Environment & Energy News on 2024 Veepstakes
, Jul 15, 2024
Stop favoring multinationals; tax exporting jobs
Did you know that Google, a massive technology company that actively works with the Chinese Communist Party pays a lower tax rate than many Ohio manufacturers who struggle desperately to never do business with the Chinese?
At the same time, some of our biggest companies funded Black Lives Matter riots that destroyed our towns and cities. I'm done with an economy that favors anti-American multinationals over pro-American local businesses.
My fellow Republicans love to talk about tax cuts. By all means, let's cut the taxes of the companies that invest in our country. But we're going to raise taxes on companies that ship jobs overseas and use their money to
fund anti-American radical movements. If these companies are going to wage war on America, it's time America wages war on them.
Source: 2021 OH Senate campaign website JDVance.com
, Oct 3, 2021
2017: Founded venture-capital firm to help Midwest startups
After moving back to Ohio in 2017, Vance raised $93 million to launch Narya Capital, a venture-capital firm focused on startups in the Midwest--accomplishments he's frequently cited to portray himself as a job creator and champion of the white working
class. "What we need in Washington is not just leaders who talk about doing things," he said on a recent campaign stop, "but have actually done them and will continue to do them."The future of Vance's company, meanwhile, may be threatened
by his decision to run for the Senate. Only a year after launching Narya, Vance took a leave of absence from the firm to pursue his political ambitions. Now the firm, based in Cincinnati, is being run by one of his partners from
Darien, Connecticut -- a bastion of the kind of wealthy coastal elites that Vance frequently scorns as a full-throated ally of Donald Trump.
Source: Business Insider magazine on 2024 Veepstakes
, Aug 29, 2021
Woke capital directly connected to plundering of society
Jeff Bezos [is] one of the largest funders of the Black Lives Matter movement, to the tune of millions of dollars. Now who benefits most when small businesses on Main Street are destroyed? Who wants to see their competitors unable to deliver goods and
services to people so they get it delivered in the Amazon box? Jeff Bezos. There is a direct connection between woke capital and the plunder that's happening in our society today. This is an important piece of the puzzle to understand.
Source: Esquire magazine on 2022 Ohio Senate race
, Jun 4, 2021
Downtowns fail when not enough consumers have jobs
City leaders have tried in vain to revive Middletown's downtown [Vance's childhood home in industrial Appalachia]. For reasons I can't begin to fathom, the city's brain trust decided to turn our beautiful riverfront into Lake Middletown, an
infrastructural project that apparently involved shoveling tons of dirt into the river and hoping something interesting would come of it. It accomplished nothing.Efforts to reinvent downtown Middletown always struck me as futile.
People didn't leave because our downtown lacked trendy cultural amenities. The trendy cultural amenities left because there weren't enough consumers in Middletown to support them.
And why weren't there enough well-paying consumers? Because there
weren't enough jobs to employ those consumers. Downtown Middletown's struggles were a symptom of everything else happening to Middletown's people, especially the collapsing importance of Armco Kawasaki Steel [the main industry in Middletown].
Source: Hillbilly Elegy, by Sen. JD Vance, p. 52-53
, May 25, 2017
Deregulation doesn't address economic & social crisis
My people are really struggling. From the Left, they get some smug condescension. From the Right, they've gotten the basic Republican policy platform of tax cuts, free trade, deregulation, and paeans to the noble businessman and economic growth.
Whatever the merits of better tax policy and growth (and I believe there are many), the simple fact is that these policies have done little to address a very real social crisis. More importantly, these policies are culturally tone deaf: nobody from
southern Ohio wants to hear about the nobility of the factory owner who just fired their brother.Trump's candidacy is music to their ears. He criticizes the factories shipping jobs overseas. His apocalyptic tone matches their lived experiences
on the ground. He seems to love to annoy the elites, which is something a lot of people wish they could do but can't because they lack a platform.
Source: The American Conservative on 2024 Veepstakes
, Jul 22, 2016
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