Progressive Politics

1260 readers

652 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago

MODERATORS

TokenBoomer@lemmy.world

412

Smiling Hacker (lemmy.world)

submitted 14 hours ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world

54 comments fedilink hide all child comments

Hamza Bendelladj

you are viewing a single comment's thread
view the rest of the comments

[–] rockSlayer@lemmy.world 22 points 13 hours ago (1 children)

Banks are insured, along with all accounts under $250k. I don't know about you, but I've never had to worry about going over the FDIC limit.

[–] Pyr_Pressure@lemmy.ca 1 points 8 hours ago (1 children)

I mean, I'm not taking sides or anything but isn't the FDIC a government agency and any insurance money used to cover thefts ultimately come from taxpayers?

[–] rockSlayer@lemmy.world 5 points 4 hours ago

No, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.