Government regulation of CEO pay

As we have noted, we feel very strongly that CEO pay is excessive. While this is of course not true for every chief executive, we think it general pay is too high. There seems to be an increasing amount of talk out there of regulating Chief Executive Officer (CEO) pay, especially as the nation starts to put more focus on the 2020 presidential races. Excessive pay is a challenge facing this country. Some CEOs make more money in a year than the average worker will make in hundreds or thousands …

Top 1% households by income donation amounts to charities

We sometimes get questions about who donates to charity organizations. Well, the fact is that wealthier Americans, including the top 1% of those by household income, donate the majority of funds that charities receive each year. The top one percent of household earners are responsible for about 33% of aggregate charitable donations each year and households earning over $100,000 per year (which is inclusive of one percenters) are responsible for about 52% of all donations. There are different surveys and data points out there, but they all show the same …

Individual financial accountability and poor economic decisions

I was reading the NY Sunday Times and there was (in my opinion) an interesting, thoughtful article on financial accountability. The bottom line of this article, and many others I have read over the months, is how most people lack accountability for their financial problems and past, poor economic decisions. While I wish there were stats on this particular topic, it is more a subjective matter, but one in which I fully agree with and that is that Americans lack accountability for the poor financial and economic decisions they make …