Why Rich Parents Are More Likely To Be Unethical
David M. Mayer, Professor of Management & Organizations, University of Michigan
Sat, March 6, 2021, 9:11 AM
Federal attorneys in 2019 arrested 50 people in a college admission scam that allowed wealthy parents to buy their kids’ admission to elite universities. Prosecutors found that parents together paid up to US.5 million to get their kids into college. The list included celebrity parents such as actresses Felicity Huffman and Lori Loughlin.
Some might ask why did these parents fail to consider the moral implications of their actions?
My 20 years of research in moral psychology suggests many reasons why people behave in an unethical manner. When it comes to the wealthy, research shows that they will go to great lengths to maintain their higher status. A sense of entitlement plays a role.
How people rationalize
Federal attorneys in 2019 arrested 50 people in a college admission scam that allowed wealthy parents to buy their kids’ admission to elite universities. Prosecutors found that parents together paid up to US.5 million to get their kids into college. The list included celebrity parents such as actresses Felicity Huffman and Lori Loughlin.
Some might ask why did these parents fail to consider the moral implications of their actions?
My 20 years of research in moral psychology suggests many reasons why people behave in an unethical manner. When it comes to the wealthy, research shows that they will go to great lengths to maintain their higher status. A sense of entitlement plays a role.
How people rationalize
Let’s first consider what allows people to act unethically and yet not feel guilt or remorse.
Research shows that people are good at rationalizing unethical actions that serve their self-interest. The success, or failure, of one’s children often has implications for how parents view themselves and are viewed by others. They are more likely to bask in the reflected glory of their children. They seem to gain esteem based on their connection to successful children. This means parents can be motivated by self-interest to ensure their children’s achievement.
In the case of cheating for their children, parents can justify the behavior through comparisons that help them morally disengage with an action. For example, they could say that other parents’ do a lot worse things, or minimize the consequences of their actions through words such as, “My behavior did not cause much harm.”
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https://www.yahoo.com/news/why-rich-parents-more-likely-141127240.html
MilitiaMan & Crew: Is This the Breakthrough? State Banks and Digital Files
11-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 6. We are analyzing the latest coordination between state banks and new digital files.
This update focuses on the ongoing shift toward formal channels for financial oversight. We examine recent documentation regarding state banks and how these institutions are coordinating to improve transparency and operational efficiency across the sector.
Turkiye: Kirkuk-Baniyas Pipeline Poses No Threat
2026-11-06 Shafaq News- Ankara The possible reopening of the Kirkuk-Baniyas oil pipeline between Iraq and Syria would not pose a threat to Turkiye's economy, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday, adding that Ankara and Damascus could conduct joint offshore exploration in the future.
Good Morning Dinar Recaps,
GLOBAL MONETARY RESET WATCH: U.S. JOBS SURGE TO 165,000 AS STRONG LABOR MARKET PUTS FED RATE CUTS IN QUESTION
U.S. employers added far more jobs than expected in October, while unemployment edged lower, giving the Federal Reserve another reason to remain cautious about reducing interest rates.
KTFA
Friday Night Video
FRANK26….11-6-26…..THE GAP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
GP Q: US Treasury Signals Possible Shift in Debt Financing Strategy for 2027
11-6-2026
U.S. Treasury Signals Possible Shift in Debt Financing Strategy for 2027
In Washington today, the United States Treasury has kept its near-term bond auctions steady, yet a quiet change in official language has opened the door to a different way of financing America’s growing debt as early as 2027.
In its November 4 quarterly refunding statement, the Treasury said it anticipates maintaining current auction sizes for nominal coupon securities and floating-rate notes for the next several quarters.
Stern Drew: The Banking and Digital Lockdown has Started
11-6-2026
The Banking And Digital Lockdown Has Started
Riots in Paraguay as 3 million customers locked out of their own money due to AI cyberattack.
A French bank(Crédit Mutuel Arkéa) has been HACKED, with €118 million reportedly stolen in the process…
Bruce’s Big Call Dinar Intel Thursday Night 11-5-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
(Political Comments not included in transcription)
Welcome, everybody, to the big call tonight. It is Thursday, November 5, and you're listening to the big call. Thanks for tuning in, everybody. I hope you had fun with our pre-recording trivia tonight. I sure did. I think Sue and Bob did. I hope so.
All righty, let's get into the intel segment now. (Political Comments not transcribed for posting)
The other thing is, if you think about it, we are transitioning to the restored republic. Everything that's happened with the Starlink satellite system, with the quantum financial system, with blockchain technology, with the cross-border international payment system, the SIP system, everything's been interconnected to flow and work together really well, and I believe that as a result, we're going to see a new a new restored republic as our form of government, which means this elections in and of itself could be a moot point. We'll see how it all goes.
Good Afternoon Dinar Recaps,
GLOBAL TECHNOLOGY AND ASSETS RESET WATCH: $2.5 TRILLION ERASED FROM NASDAQ AS AI INVESTMENT CONCERNS SHAKE MARKETS
Investor concerns about the cost and profitability of artificial intelligence investments triggered a sharp technology-stock selloff, raising questions about valuations, corporate borrowing, and the financial risks surrounding the global AI expansion.
Coffee with MarkZ, joined by Mr. Cottrell. 11/06/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: It is Codeman Friday. Developments and confusion. We talk about the news and try to make it make sense. Mr. Cottrell joins us to take your questions then Lucas pops in.
KTFA:
Clare: Prime Minister Ali Faleh Al-Zaidi Discusses Regional Developments in Phone Call with U.S. President
Prime Minister Ali Faleh Al-Zaidi held a phone call today, Thursday, with U.S. President Donald Trump, during which they discussed the evolving situation in the region, security developments, and prospects for the next phase.
The call also addressed the importance of coordination and consultation between the two countries regarding current challenges, as well as efforts to support regional stability and prioritize dialogue and diplomacy in addressing crises, with a view to containing tensions and preventing the conflict from spreading.
Reset Intelligence: Trump's Envoy Is Back in Baghdad.
By Reset Intelligence | @EXIT_FIAT
2 days after America voted, Trump phoned Iraq's prime minister. About an hour later his envoy, Tom Barrack, was sitting in the prime minister's office in Baghdad.
Congress changed hands this week. Washington's work on Iraq did not stop for it.
Dollar Firms Amid AI Selloff, Falling Treasury Yields
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Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: DEVELOPING-COUNTRY DEBT HITS RECORD $9.4 TRILLION AS BORROWING COSTS CLIMB
Developing economies are borrowing more to meet their financial needs, but rising interest costs are consuming resources needed for infrastructure, healthcare, education, and long-term economic growth.
TNT:
Tishwash: Al-Daraji: Printing approximately 5 trillion Iraqi dinars in 50,000 dinar denominations
The Secretary-General of the "Kafa" Movement, Rahim al-Daraji, revealed today, Thursday, that approximately 5 trillion Iraqi dinars in 50,000 dinar denominations have been printed.
Al-Daraji stated in a post on his social media accounts, "According to a reliable source, approximately five trillion Iraqi dinars in 50,000 dinar denominations have been printed.
Ariel: The XRP Connection and Iraqi Dinar Trigger
11-6-2026
Here is what you will not find on any blog, any forum, any intelligence newsletter, anywhere:
The XRP Connection:
The reset is not purely metallic. The gold peg is the anchor. The distribution mechanism is distributed ledger technology and the SEC’s settlement with Ripple in 2025 was not a legal conclusion. It was a systems integration.