September 18, 2014
It is vital that the SEC require publicly traded corporations to disclose their political spending. Withholding information is undemocratic.
I was disappointed and annoyed when I signed up for my new 401k at work and was presented with a few different plans from which to make a choice. I was afforded very little information about the firms in which my retirement savings would be invested and was not furnished with any information regarding the political spending of companies in which I was about to invest.
Information is power. How am I supposed to act with autonomy and in my own interests when I receive so little information from people who want my money?
A lack of financial literacy on the part of home owners was a mitigating factor in the banking collapse of 2008. If we continue to force the investing public to operate under a veil of ignorance then we may well be putting our economy in peril yet again.
Knowledge is power. Information shouldn’t be hordes by the powerful and can anyone honestly say the typical investor should just relax and trust Wall Street? It didn’t go all that well last time.
Robert Douglas