RE: SCOTUS Rules In Favor Of Hobby Lobby
July 2, 2014 at 5:55 pm
(This post was last modified: July 2, 2014 at 6:00 pm by The Grand Nudger.)
(July 2, 2014 at 5:25 pm)Heywood Wrote: Since you connected some dots that tie this claim to the case I feel the need to reply. However the following are a few facts that nullify the point you made.It's not a charity. It is an investment for the company, sometimes there are expenses to our investments. You don't think that they offer the 401k because they think doing so will make their profits go down..do you?
1. Hobby Lobby doesn't make money on employee 401K plans. Its employees make money but Hobby Lobby does not. Contribution into employee 401K plans by Hobby Lobby is an expense for the company not a profit.
Quote:2. 401K funds are not invested directly into companies which profit by killing unborn human beings. They invest in funds which diversify themselves by investing in multiple companies. Hobby Lobby has no control of what companies those funds will invest the money in.They researched the contents of their employees health packages enough to find objection - but not the driving engine of that investment? Meh, maybe, but I doubt it. They always have the option of another investment package. There's never an "objective best" when it comes to investing. Even though the company can't decide what's in the package ...they can decide whether or not their money will go into that package.
No argument from me on that last point. I enjoy the firm line drawn between religious owners and their employees.
I'm amusing myself with the ethics, friend, and how they don't match up to the legality of the issue.
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