I may get downvoted, I may not. But, I am really surprised so many of you all are all about putting likely hundreds of thousands of people out of work. It goes so much further than the "billionaires".
We want startups to focus on innovation, and where they store (not invest) their cash should ideally be trivial
Do you advocate for immediately cutting Federal Funds interest rate? Because if not, every quarter point increase will cause thousands of people out of work. Every interest rate increase slashes the value of current assets, leading to try to "cut fat" to recoup value, just like what happened here, and because it's a bank, the wealthy see the opportunity to earn back their $10b - $20b loss by threatening the Federal Government.