I don’t know the limit to how many FDIC accounts one is allowed to have open simultaneously, but I know the insured amount of $250k USD per account. I feel like the interest alone in a few accounts would be reasonable enough for the average American to live off of.
Comment on SpaceX confidentially files to go public at $1.75tn, reports say
Soulphite@reddthat.com 2 days agoI agree… what the fuck is the difference of 10 billion and 110 billion?
If you had 110 billion you could spend 5 million per day for 60 years… why the FUCK does a single person need that amount of money??
mrnobody@reddthat.com 2 days ago
Powderhorn@beehaw.org 2 days ago
If you’re a billionaire, you park your money in offshore tax havens and don’t worry about FDIC limits.
TehPers@beehaw.org 2 days ago
Depending on your investments, the interest and dividends off a few million dollars should be able to sustain someone entirely on its own while still growing in value over time.
You don’t need to be a billionaire for that. It feels like the tax brackets need to go up to 100% after around a million or so in income.
Powderhorn@beehaw.org 2 days ago
So, slightly above the 1950s marginal tax rate that gave us the society the GOP wants to drag us back into without taxing the rich? That’s a stool with one leg.
Powderhorn@beehaw.org 2 days ago
Yachts. Lots and lots of yachts. As though you can ride on more than one at a time.
Soulphite@reddthat.com 2 days ago
Two yachts at the same time, man.
MagicShel@lemmy.zip 2 days ago
No lie, if I had that kind of money I’d pay my taxes in full and fuck off to the Bahamas with an entire year of calendar models, and still have money to hook my wife up with all the cabana boys she wants, and still have enough to create scholarships for huge numbers of kids to go to college and still have enough to invest in green energy and vaccines and low-cost insulin and still have enough money to pay for food and medicine assistance to underdeveloped nations and still…
Well you get the idea. It’s a ridiculous amount of money.
Powderhorn@beehaw.org 2 days ago
The absurdity is hiding in plain sight, but good Christians seem to forget that money is the root of all evil.
Powderhorn@beehaw.org 2 days ago
You only need $1 million for that. “Hey, Peter, check out channel 9!”