The problem though is that as extreme wealth gets put into fewer hands it allow them to basically bleed anything skeptical to this out.
Furthermore and as a sidenote.
I find it ironic that Theil of all people, a libertarian who claims we more or less don't need government end up kind of illustrating exactly why we do. Thats of course on top of his funding of Palantir a company who's based on government work.
I like some of his thinking but I think he is showing some major flaws.