February 25, 2007
Limiting investments to only those with higher incomes or net worth, only allows a select few to access the better investments.
Free market economies have been built on the foundation of allowing individuals to make decisions for themselves. There should be oversight and disclosure, but individuals and investors should be allowed to decide how they would prefer to proceed.
Had there been restrictions on those who wanted to come to this great country (because of the risks), The USA might not exist today. Those who came took the ultimate risk, but they and their decendents realized the ultimate rewards. These rewards were not realized without costs.