Posts Tagged ‘lottery’

How To Win With Powerball - Learn The Math

How To Win With Powerball – Learn The Math

By The Banker | Blog Posts, How Not To Invest, Investing, Taxes

First things first,1 never buy a lottery ticket. Seriously, ever. Having said that, obviously I did buy a few this past week because, you know, I’m an irrational human. I’ll be the first to admit it. I also sometimes buy “King Size” Reese’s peanut butter cups (that’s the four-in-one size) in the checkout line at [&hellip

The Importance of Real Rules Monopoly

The Importance of Real Rules Monopoly

By The Banker | Blog Posts

A central idea, the idée fixe of Bankers Anonymous, is that as a society we do a poor job of teaching about finance, a consequently poor job as individuals of learning about finance, and therefore we all suffer an inevitable tendency to make bad decisions, both personal and political, about finance. Sometime this Spring I [&hellip

Powerball - A Horrific Tax On The Poor

Powerball – A Horrific Tax On The Poor

By The Banker | Blog Posts

In recent posts I argued that current tax policy for the wealthiest people in the United States incentivizes inheritance over effort, encourages getting ahead either from: Gifts from Daddy or Living off your wealth,or Owning a hedge fund, …all the while punishing people who actually, you know, work for a salary to achieve the American [&hellip