Oh great, another entrepreneur crying "Woe is me".
Consider that your lowly regular employees have to make far more specific financial decisions every single year.
- We have to choose health plan options that will govern our and our family's literal lives over the next year
- We have to make specific retirement plan elections and understand market risks because our actual lives after retirement age depend upon them, since there are no such things as pensions any more
- We have to figure out the tax implications of all of the above, which intersect in odd and complex ways ways (Why is my health plan linked to a tax-free retirement account, again? Figure it out!)
- In addition to all this, if we ever happen to hold more than 250k in cash, we have to worry about the exact same thing here.
Seriously though, if you do actually think that figuring all this risk out is a waste of money as a founder, make sure you provide optimization guides for your employees that go into details about optimizing the complex financial decisions that you make them do every year. Working on that might open your eyes to also looking more carefully at the institutions you bank with.
> This regulatory capture is freakin' ridiculous and has to come to an end.
True. But this is also true of all the stuff I mentioned earlier, especially taxes. Regulatory capture hurts lowly employees far worse and far harder than it hits entrepreneurs. Fixing one will help fix the other.