I do agree with you, though access to private market equity isn’t a sure win by any means. A startup fails to raise their next round of funding 90% of the time every time. The riches are survivorship bias largely. This also doesn’t solve for deal flow which you have to figure out yourself anyways, and to get the equity “clearly” headed for the top you better be able to demonstrate value. You can already access “private market” equity via crowdfunding terms in the JOBS act but those exchanges exhibit heckin adverse selection issues.

The reality is if you’re a high profile founder with a great idea and traction you can get money from mostly everyone while maintaining a nice clean cap table. If you aren’t, you then raise from “suckers” (see the ICO market).

It's as though some of the libertarian leaning commenters think these rules were brought in because the government was tired of seeing so many poor people become wealthy. The reality is the government was tired of seeing so many poor people get rekked and thrown into the welfare system, what little of it there is here.

tl;dr: getting rich isn’t easy and deregulation is likely to cause more harm than good.