> History also shows a fairly regular cadence of what happens, when an elite minority starts accumulating all the resources for themselves, to the detriment of most.

When and where? I gave a specific example of when and where poverty was actually reduced in a significant way. 1850 - 1950 US is probably one of the most objective examples of free markets in history. Of course there were super rich (robber barrons) that concentrated wealth, but there was also huge amounts of people being pulled out of poverty. That's how capitalism works. What resources did super rich hog in a free market society that hurt everyone else? (btw resource hogging is a different problem than poverty. You are goal shifting, unless you can prove that resource hogging causes poverty)

This is an uncomfortable truth for HN where a large number of participants believe themselves to be the next Elon Musk. They're not temporarily embarrassed millionaires, they are millionaires that are temporarily embarrassed billionaires. Speaking of re-allocation of wealth is the scariest thing you could say around here :) Keep doing it anyway.