But we're talking about businesses here. They are certainly well-incentivized to properly handle the money in these amounts. The risk of losing it (and potentially the business) sounds like excellent incentive.
Re:Urgent: Sign the petition now
by AlchemistCamp on Wednesday March 15, 2023 @12:40PM
(#35170949)
From my POV, they did "properly" handle their money by putting it in a large, trusted bank with a great reputation and focus on their type of business.
What was your cash management strategy with your startup (assuming you have relevant experience)?
Spending taxes on preventing financial meltdowns from cascading actually makes the government and its citizens wealthier than not doing so.