Re:Yellen says government will help SVB depositors but rules...
by anon291 on Sunday March 12, 2023 @02:29PM
(#35124134)
> People here are effectively suggesting that I shouldn't get my paycheck and that the company I work for should lose most of its money because our CEO used a well-reputed bank?
I'm in the same position as you but this is a terrible take.
No one thinks we deserve to lose money or jobs.
They simply do not believe that other American taxpayers who likely make less than you should have to spend their hard earned money (or risk having it devalued by printing) in order to bail you out.
And they are broadly correct.
It is wrong to demand other people's money due to your own misfortune, especially when the misfortune is a lost business or job, versus something more existential. The reality is that most tech workers will be fine.
I'm in the same position as you but this is a terrible take.
No one thinks we deserve to lose money or jobs.
They simply do not believe that other American taxpayers who likely make less than you should have to spend their hard earned money (or risk having it devalued by printing) in order to bail you out.
And they are broadly correct.
It is wrong to demand other people's money due to your own misfortune, especially when the misfortune is a lost business or job, versus something more existential. The reality is that most tech workers will be fine.