This is systemic rentier capitalism at its worst, and it's holding our entire country and civilization back.
Imagine how much more innovation we could have if the funds that are otherwise tied up in the stock market to make rich men richer actually went to startups and people with new ideas about how to make the world better?
How much advancement are we, as a species, losing every generation to brilliance stifled by poverty while ignorance continues to profit from bullshit?