The "accredited investor" concept is bullshit

In the US, you hear a lot of buzz about the rich getting richer and inequality.

At the same time you see a lot of claims for the government to act.

Well, it already does, by prohibiting the average individual to access a large range of investment opportunities, thus contributing to widen the gap, namely with the concept of "accredited investor"*.

How do you think rich people get richer? By getting raises on their wages?

(source)

*As seen on Investopedia: "To be an accredited investor, a person must demonstrate an annual income of $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income. An individual must have earned income above the thresholds either alone or with a spouse over the last three years. The income test cannot be satisfied by showing one year of an individual's income and the next two years of joint income with a spouse. The exception to this rule is when a person is married within the period of conducting a test. A person is also considered an accredited investor if he has a net worth exceeding $1 million, either individually or jointly with his spouse. The SEC also considers a person to be an accredited investor if he is a general partner, executive officer, director or a related combination thereof for the issuer of unregistered securities."