We all know he’s wrong. The problem isn’t that he is wrong, it’s that we have elevated the wealthy into a status where they can be wrong, have no correction, and make decisions whole clothe which negatively affect the rest of us. All while being insulated from their negative world view.

I've taken the position that anything the ultra-wealthy say is likely wrong, and every decision they take will negatively affect society, unless and until its corroborated by an unbiased source with expertise in the subject matter.