This attitude makes me so sad. When I started in tech, people were proud that this was one of the few industries that shared equity with a broad base of employees. Seeing a parking lot full of Porsches was celebrated, and people loved stories of the secretary (or mural painter in the Facebook case) who got rich off their options.
But PaulG seems excited about the days when the pie can be captured by fewer and fewer people, specifically those in the class to which he feels closest (founders). It's a very strange argument about perception too - people are consider billionaires undeserving of enormous wealth, but just wait until they share that wealth even less broadly! Then everyone will see how great they are and love them more, right?