I know this rate is too low because it pays less than the base salary of my current job (not counting stocks and bonuses), for a limited time contract and with

I know this rate is too low because it pays less than the base salary of my current job (not counting stocks and bonuses), for a limited time contract and with less benefits. I simply find the economics of freelance/contract work in the US baffling. The contract isn't even fully remote, so you can't take advantage of geo arbitrage and live in a cheaper place. I'd be surprise if they hire anyone more than an intern-level developer for that rate. FFS, I paid more for some dude to come and tidy my lawn.