Gyroscopic Investing

https://intrade.zendesk.com/entries/224 ... -customers

Thoughts?

Pointedstick wrote: https://intrade.zendesk.com/entries/224 ... -customers

Thoughts?

I read that article. I am not a fan of that decision at all. I never used intrade before but have gone on the website before. I'd have to see some pretty convincing arguments for why you can't allow private citizens to bet their money however they want to.

Perhaps people involved with intrade supported Romney.

Benko wrote: Perhaps people involved with intrade supported Romney.

Obama was ALWAYS favored heavily on intrade throughout the election.

Gee, I'm sure glad Uncle Sam is looking out for me, relieving me of my responsibility to think.  After all, the U.S. Government is a shining beacon of smart decisions, it's not as if they've consistently pissed away an incredible fortune on trivial and foolish expenses.

Every day the government is more firmly entrenched in out wallets, telling us directly what we can and can not do with our money.

Land of the free! Or... not.

just another manifestation of the "nanny state".

sigh.

Thank god!

Now if government can pass a law that keeps me down to 2 coffees per day and requires I hit the gym at least 3x a week, I'll be a lot better off.

PLEASE CONGRESS PASS MORE LAWS TO HELP ME!

TripleB wrote: Thank god!

Now if government can pass a law that keeps me down to 2 coffees per day and requires I hit the gym at least 3x a week, I'll be a lot better off.

PLEASE CONGRESS PASS MORE LAWS TO HELP ME!

Your post may be tongue-in-cheek, but I honestly think laws that mandate a "healthy" lifestyle are just around the corner.  We've already seen some at the state level (New York soda size limits, smoking bans).  Recently there were some workers who were fired by their company because they failed to get their mandated flu shots.  In all levels of our society it's becoming more acceptable for bodies of authority to take a controlling interest in our health.  Obamacare and other forms of widespread health care cost sharing will simply accelerate this process.  It's not a very large leap from punitively influencing behavior with taxes or fees to outright bans and/or mandates.

RuralEngineer wrote:
In all levels of our society it's becoming more acceptable for bodies of authority to take a controlling interest in our health. 

This country was founded by people who were and had to be self reliant.  But things have changed greatly and we have the entitlement mentality and to many this trend (which includes the above sentence) is desirable.  I highly recommend This Perfect Day by Ira Levin (or Brave New World) especially to the liberals reading this.  We are headed down the slippery slope, and I doubt there is any turning back.

Corporate Vegas wins again!

You don't really think the "government" just decides things all on its own, did you?

Prohibiting Intrade penalizes the smart would-be gamblers and rewards the dumb would-be gamblers. It's preventing a voluntary transfer of wealth from the dumb to the smart.

What's wrong with the free-market "tax" on stupidity that legalized skill-based gambling like Intrade provides? If you want less of something, tax it. I don't know about you, but I want a lot less stupidity out there.