this post was submitted on 01 Apr 2026
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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.
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.
$2m in a stock that pays a 6% dividend is 120 grand a year. Pretty easy to live comfortably off of that I would imagine.
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.
If you're a billionaire, you park your money in offshore tax havens and don't worry about FDIC limits.