Does the US state where you pay #IncomeTax to have any investment in a foreign corporation's #junkbonds?
#Ohio had 330 million USD of its taxpayer money going to bonds issued by the "Development Corporation for Israel".
Citizens found out and were mad.
Given all of the natural disasters of that region part of Tornado Alley (see also: tornado outbreaks of 2023, 2024, 2025) like Hurricane Helene's impact radius in NC ... given the explosion of that railcar in Ohio... does it make sense that using local workers' funds to fund rebuilding LOCALLY would make more sense?
Of course Ohioans were outraged and demanded divestment... AND guess what? IT WORKED.
People have a right to know where their money is going and why. A corrupt state treasurer (according to the people interviewed in the video) should not just do whatever he feels like doing with other people's money. Especially when people whose houses have been leveled by floods, landslide and tornadoes are in more need of that money than a billionaire building his 18th mansion.
Because THAT is what "The Development Corporation for Israel" is doing with its money from the US -- it is subsidizing tax evaders.
See also: DataSifter.mqe for more details.
#Investments #CityGovernment #StateTreasury