Archive for the 'retirement' Category

29 January, 2021

Some Gambling Is Good, Some Gambling Is Bad (the Government Will Decide for Us)

Posted by Socrates in federal government, federal power, gambling, retirement, Socrates, stock markets, stocks and bonds at 12:25 pm | Permanent Link

Circa 1990, the police raided a retail store in my city. It seems that the owners of the store were holding $500-per-pot poker games in the back room at night. This was called “sinful” and “corrupting” and so forth. A dozen people were arrested, old people were man-handled, etc. The store was closed for some […]



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15 February, 2016

Gambling: It’s Only Okay If the Government Says So, or, Your 401K Retirement Plan is Tied to a Giant Gambling Operation

Posted by Socrates in double standards, gambling, gambling-as-legal, retirement, stock markets, stocks and bonds, taxes at 6:02 pm | Permanent Link

A few years ago, the police raided a local business that was hosting poker games in the back room; the jackpots were maybe $300 each – small stuff; people were actually arrested for gambling! Yet, how strange that other forms of gambling (the stock market, the lottery, horse racing, etc.) are perfectly legal, as long […]



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15 May, 2014

Your Pension Plans Are Tied to a Heavily-Jewed Gambling Operation on Wall Street

Posted by Socrates in Big Business, Big Labor, labor, pensions, retirement, Socrates, stock markets, stocks and bonds, Wall Street at 5:06 pm | Permanent Link

This article is from 2008, but nonetheless, I did not know that a significant percentage (60%) of worker pension plans are tied into the stock market, which is basically a gambling network. If anything bad happens in the stock market, your retirement savings could be in serious trouble. [Article].



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