I hear you. Having run a venture backed startup myself, my opinion on how modern venture businesses work is...not at its highest point, to say the least.
At the same time, I really have a preference for people who didn't sign up for this kind of risk (I.e. most companies are Seed-Series B companies who understood the risk that the company might fail, but not the risk that their company had all their cash in one bank that failed), to not be laid off as a result of this.
Life is not fair! A lot of times bad things happen due to no fault of your own. That doesnt mean government should come bail you out. In fact I am bootstrapping a business and if you dont let this event kill all my competition I would call that really unfair.
Furthermore it is unlikely this will even affect anyone that is actually vulnerable like workers at Walmart for example.
There are plenty of workers at tech companies that are extremely vulnerable. It's an absolute myth that startups employ only 6-figure salary earning tech employees.
Regardless, you're not replying to a thread where anyone claimed that the government should bail anyone out. You're replying to a thread where I mentioned that taxpayers are going to foot this bill one way or another. Either because the government does bail out the bank, or because regular taxpayers lose their jobs in the fallout.
At the same time, I really have a preference for people who didn't sign up for this kind of risk (I.e. most companies are Seed-Series B companies who understood the risk that the company might fail, but not the risk that their company had all their cash in one bank that failed), to not be laid off as a result of this.
It's a tough time.