Americans need to stop funding the Chinese gulag

Then of course, there is the issue of the West itself—not just our silence, but our responsibility for underwriting and arming the Chinese regime. Just days before the New York Times report and as rubber bullets whizzed by protesters at Hong Kong Polytechnic University, the U.S. Federal Retirement Thrift Investment Board (FTRIB) revealed that in defiance of lawmakers, the Thrift Savings Plan (TSP) it oversees will channel the savings of federal employees into CCP-backed firms to the detriment of our national interest.

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The TSP, the federal employee equivalent of a 401(k), which manages upwards of $550 billion in assets, revealed it will invest in the Chinese companies responsible for developing weapons used to threaten the life and limb of our servicemen and from a regime that stole the most sensitive information of millions of federal employees, on top of broader anti-American efforts.

As Secretary of the Navy Richard Spencer put it in a Wall Street Journal op-ed, “Imagine retiring after a long career serving in uniform, only to learn that your savings all those years had helped fund advanced weapons systems for America’s adversaries.”

That is exactly what will now happen, with several billion dollars of federal employees’ savings now slated to be invested in, among other state-owned and state-directed companies, the likes of Hangzhou Hikvision, which produces the cameras used to surveil those held in the Xinjiang camps and with which America’s Big Tech companies continue to transact.

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