Progressive Politics

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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 :)

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

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Hamza Bendelladj

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[–] 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.