When you hamper the economy, everyone loses a little. It weakens wealth creation slightly.
We're at a moment in history where we're pulling people out of poverty, through economic growth. So any actions that limit economic growth need to be judged with a high bar. https://www.economist.com/news/leaders/21578665-nearly-1-bil...
I'm not saying that we shouldn't do it, and if it is actually a 5% catastrophic risk then I think it would be prudent to take action at the cost of leaving millions of people in extreme poverty. But there is a trade-off, and it needs to be examined.