@TokenBoomerM to Progressive Politics • 15 hours agoSmiling Hackerimagemessage-square54arrow-up1443arrow-down128file-text
arrow-up1415arrow-down1imageSmiling Hacker@TokenBoomerM to Progressive Politics • 15 hours agomessage-square54file-text
minus-square@[email protected]linkfedilink1•9 hours 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-square@rockSlayerlink5•4 hours 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.