The Rent Is Too High

What to Know: Americans are in the throes of a cost-of-living crisis. According to a new report, “the typical American renter spent more than 46% of their income on rent in September.”

The TPPF Take: Free markets and limited government are essential to solving the affordability crisis.

“Big government policies are driving up the cost of food, fuel, and rent nationwide. To undo the damage, we must allow markets to operate freely again and let competition propel prices down,” says TPPF’s James Quintero. “The Texas Legislature can also do its part by cutting taxes in a major way next session.”

For more on the affordability crisis, click here.

Super Serious, You Guys

What to Know: Former Vice President Al Gore says that woke ESG investing (that stands for environmental, social and governance) is consistent with a fund manager’s fiduciary duty to provide the best return for investors.

The TPPF Take: ESG was planted in financial institutions to spread left-wing policies and ideologies outside of the democratic process, making these companies prioritize ideology over their fiduciary duty.

“Our public servants — teachers, peace officers, firefighters, paramedics, and others — will depend on their pensions one day for survival,” says TPPF’s Jason Isaac. “They deserve to know that their money is being managed well, with the goal being the biggest return on investment — not the loudest applause for virtue signaling.”

For more on ESG investing, click here.

An Ill Wind

What to Know: In Massachusetts, an offshore wind company wants a delay in its work, saying at this point, the planned project just isn’t financially viable (as in, it wants more money and guarantees).

The TPPF Take: Similar offshore wind projects—a staple of the Biden administration’s green fantasies—are planned for the Gulf of Mexico. And they’ll bring all of those problems with them.

“Filling the Gulf of Mexico with massive wind turbines would do none of the things that proponents promise,” says TPPF’s Robert Henneke. “But it would bring environmental harms, danger to humans and wildlife alike, and double down on unreliable energy. It would also enrich the foreign companies that dominate offshore wind in the U.S.”

For more on offshore wind, click here.