Sunday, January 19, 2014

Now I’m a capitalist

                         Capitalism Cool T-shirt in red

I was looking at a red t-shirt that said, "Capitalist."  Most of my professional life I worked for the government: University of Illinois, Ohio State University, State of Ohio, and OhioNet ( state and federal grant money). I had a few jobs working in the free market economy when I was between "real" jobs, and of course, I was my husband's only staff for 20 years. So I have a state teacher's pension (not Social Security--can't have both). That sort of qualifies me as a capitalist, because pensions are invested in businesses/stock market/ real estate/ etc. While I was working, I socked away as much as was allowed in TIAA-CREF and IRAs (the stock market). For now those businesses and fat cats that are regularly maligned by this administration are doing well and paying me for investing my money—as a capitalist.

http://www2.ucsc.edu/whorulesamerica/power/pension_fund_capitalism.html

http://www.statecapitalist.org/category/pension/

http://www.giaging.org/documents/NIRS_Report_12-10-13.pdf

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