The $250K should be thought of as a minimum protection level, not a moral impera... | Hacker News

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		jiggawatts on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... The $250K should be thought of as a minimum protection level, not a moral imperative to be a maximum protection level.

yunwal on March 13, 2023 [–]

This effectively ends up being a subsidy for risky, well-connected people while being a tax on responsible, not-especially-well-connected people.

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