We want society to be more wealthy, and the tech industry has been a huge creator of wealth. The other thing about the tech industry is it's fairly unique in how widely it distributes that wealth. What other industry gives stock options to low-level employees? Sure tech founders get a disproportionate share, but look at a different industry, and it would be rare to see any ownership extended beyond higher level employees, but in tech, stock compensation is ubiquitous.
(this may be due to a labor shortage, and yes you can point at things like Amazon's warehouse workers as a counter example)
The trouble is now we have quickly raising housing costs, and a large portion of the population who's quite wealthy, living next to many who are not doing nearly as well. Crime and general unhappiness are not necessarily linked to poverty; it's highly linked to inequality. This is likely why we have so much property crime in San Francisco. Income inequality. When you see the person next to you is doing much better, you get mad.
Frame this so it's not about limiting wealth creation, but about limiting income inequality.