Florida Revokes Disney’s Tax Privileges and Its Stock Drops by $46.6 Billion

Florida: Governor Ron DeSantis signed a bill into law dissolving the Walt Disney Compay’s taxing district, which has granted Walt Disney World unique self-governing powers for 55 years after executives at Disney threatened to challenge Florida’s recently-passed HB1557 parental rights law that prohibits classroom instruction on sexual orientation or gender identity in kindergarten through 3rd grade and prohibits instruction that is not age appropriate for students.

Disney’s stock market cap has declined by about $46.6 billion since March 1, which began just days before the company came out against the legislation as people cut back on luxury items. A poll showed that 68% of respondents are “less likely” to do business with the company because “news reports reveal Disney is focusing on creating content to expose young children to sexual ideas.” Backing the radical sexual indoctrination of children has its consequences.

A few weeks ago, the woke warriors at Disney fired their opening salvo and waged an all-out war against the Florida legislature for introducing, and recently passing, legislation that bans radical sexual indoctrination from elementary school classrooms.

The bill, titled ‘Parental rights in Education,’ was baselessly slandered by the establishment as the so-called “don’t say gay” bill, which is nonsensical, as that language appears nowhere in the text of the bill.

Nevertheless, Disney felt that the anti-groomer legislation was a hill that the billion-dollar mega-corporation was apparently willing to die on, with its executives and employees acting as some of the most vocal crusaders in the smear campaign against Florida’s parents.

Given its core business model of supposedly ‘family-friendly entertainment for children,’ Disney’s backing of radical sexual indoctrination for young children has – rightly – caused a seismic backlash among its customer base.

Well, as the saying goes, ‘get woke, go broke.’ However, it’s a whole different game when people’s innocent children are involved, and Disney seems to be learning that lesson the hard way after seeing its company stock prices crater by nearly $50 billion since they planted their flag in the ground for the groomers.

According to the Washington Examiner, Disney has lost an astonishing $46.6 billion since March 1, just days before the company waged war with Florida, and the prospects for a turnaround anytime soon aren’t looking good.From the Washington Examiner:
“Disney’s stock was down more than 2% on Friday and by more than 8.5% over the past few days as Florida lawmakers work to punish the company for wading into the state’s politics. The stock’s market cap has declined by about $46.6 billion since March 1, just days before the company came out against the legislation.”

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