Thanks for clarifying that you don't understand what I have been saying.
I have four LLCs, they cost fifty bucks to file. One of them registered with the SEC and did a direct public offering. None of them can legally take on unaccredited investors without registering with the SEC. I do have some libertarian streaks, but that's is not what I posted about in the beginning.
What I posted about is the ridiculousness of using a million dollars in assets as a rational threshold for determining a "sophisticated investor".
You interjected everything else and I couldn't steer you back to the point that I wanted to discuss.
There's my clarification.
“You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.”
– R. Buckminster Fuller