3 ms·
We already insure 250k in deposits through the FDIC. If you have more than 250k in cash, I don't think its unreasonable to expect that you need to start investi
by lovich 4y ago
We already insure 250k in deposits through the FDIC. If you have more than 250k in cash, I don't think its unreasonable to expect that you need to start investing time/money in managing your reserves and not have the rest of society fund the risks you're taking.
If companies want to lobby for some sort of tax like unemployment tax on wage labor, to fund a business version of unemployment, it might be a different story.
- hiharryhere 4y ago250k is not a lot. A 15-20 person company could conceivably spend more than that month, especially with dev salaries, rent etc. How many of those have a treasury function?
- nytesky 4y agoThey have to “make payroll” but couldn’t they cut all employees down to minimum wage? And then promise a performance bonus when money is restored and they haven’t quit. Tech workers are usually at will, no union, so I think salary is completely discretionary. This would be for hours going forward, not the payrolls due for hours already worked.
- deleted 4y ago[deleted]