SO DUMB: California Now Planning to Force Companies to Disclose ‘Historic Links to Slavery’
California has seen a mass exodus of companies from their state in recent years due to ridiculously high taxes, burdensome regulations, and the draconian lock down policies of Gavin Newsom during Covid-19. The post SO DUMB: California Now Planning to Force Companies to Disclose ‘Historic Links to Slavery’ appeared first on The Gateway Pundit.
TL;DR
- California is considering Assembly Bill 2599, requiring companies with over $100 million in annual sales to disclose historical ties to slavery.
- The bill mandates searching records for evidence of involvement in buying, selling, or financially supporting slave transactions.
- Insurance companies are pushing back, arguing that a similar California law already exists.
- The measure's implementation is dependent on the Legislature allocating funds for it.
- The California Civil Rights Department would manage a digital platform for these disclosures.
- Some reparations advocates see the bill as progress, while others are skeptical of its impact.
- Critics suggest the bill may encourage further business departures from California.