TokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 1 month agoSmiling Hackerlemmy.worldimagemessage-square59fedilinkarrow-up1551arrow-down137file-text
arrow-up1514arrow-down1imageSmiling Hackerlemmy.worldTokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world · 1 month agomessage-square59fedilinkfile-text
minus-squarePyr_Pressurelinkfedilinkarrow-up1·1 month agoI 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?
minus-squarerockSlayer@lemmy.worldlinkfedilinkarrow-up7arrow-down1·1 month agoNo, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.
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?
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.