I really think you phrased it perfectly. Anything good for the shareholders comes back to the government 4 fold. What's the rationale for trying to confiscate another 15% at the cost of creating 10s of billions in new shares that the market would not absorb or have the appetite for. The massive endeavor required from underwrites to push that garbage out, the obvious poor optics of government overreach, and a continuation in lawsuits. Certainly doesn't sound like a blockbuster of a share offering. Its naive to suggest that the max dilution some are insisting upon would not negatively impact PE and valuation metrics. A simple alignment with government and common shareholder interests would substantially increase both of those things netting a better return for all involved.