It is a moral hazard to have rules/laws around investing that are based on whether you are rich.

Being rich is not a proxy for being smart. 

(If you disagree with this I invite you to consider whether you think being poor is a proxy for being not smart).

Unlock Protocol founder.
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https://ouvre-boite.com

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Can't agree more! Education is very often the answer and much more empowering than arbitrary "protections".

Indeed! Teaching financial literacy and having basic social safety nets such that you don’t feel like to have to make barbell financial bets to afford basic things like a house seem more imperative.

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The problem is that if you are poor, you cannot afford to NOT get a chance out of poverty thru these investments either.

Keeping "poor" people out of the ability to invest because they could lose so much also keeps them out of the ability to get out of poverty.

I agree with the broader point but my guess is that if you're rich you can afford to lose investments more than if you're not.