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If you want the government to backstop every single risk for businesses and investors, then prepare to pay a lot more in taxes.
by hotpotamus 4y ago
If you want the government to backstop every single risk for businesses and investors, then prepare to pay a lot more in taxes.
- dehrmann 4y agoMaking the leap from ensuring money saved in safe, heavily regulated entities to "backstopping every single risk" is disingenuous. There are risks businesses should have to think about. Safety of money in their bank isn't one of them.
- hotpotamus 4y agoWhy shouldn't they have to worry? FDIC insurance limits are hardly uncommon knowledge. I have more than $250K dollars and I certainly worry about how best to manage it.