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Woah, great gotcha! Did you really come to Hacker News to denegarte people you thought didn’t have a basic understanding of Economics? Right now I have a problem with both. Maybe deregulating the SEC helps poor people? I don’t hear anyone making that argument right now though.

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Sincerely, I think there is too much emphasis on "rich people bad", the assumption being it is a zero-sum game.

Instead, we should simply focus on making this more and more true:

"provide value to the world -> get rich."

I’m ok with that general idea. I’d like to see a lot more people worth 10-100 million, and less people worth 10-100billion, and I think there’s too much wealth being generated from financial games, and not enough from creating valuable goods and services, thus my particular concern about Musk going into the SEC.

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