That school of thought was definitely well-represented in the punk scene, although I don't subscribe to it. There was a strong streak of self-destructiveness in punk.
The money itself isn't really the point, it's more like what you do to get it. Punk was about DIY, staying raw & real. Graduating from independent labels & playing for the scene into major labels, college radio, and playing for the masses is pretty much the opposite of that. That's when Green Day moved on from their roots.
I'm not hating on them; I'd very likely have done the same thing in their shoes. It's just not punk.
OTOH, DKs, Minor Threat, Bad Religion... their members continued to make their way singing that Sinatra song (although happily not ODing on smack). They're a good example of how to do it.