Archive for the 'retirement' Category

15 February, 2016

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 […]

15 May, 2014

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].