Comment on SpaceX confidentially files to go public at $1.75tn, reports say
mrnobody@reddthat.com 2 days agoI 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.
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.
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
If you’re a billionaire, you park your money in offshore tax havens and don’t worry about FDIC limits.