Neither does disbeleiveing something make it untrue.
The first cars were expensive , the first telephones were expensive the first computers were expensive the first cell phones were expensive .
The exceptions are few , the welthy are needed for startup industrys .
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The early adapters of technology were not the ultra-wealthy, but those who had an actual need for the technology in their occupations. The first cars were bought by doctors. The first motorized vehicles were buses, trucks and such, The first computers belonged to banks and governmental agencies, then hobbyists who paid $400 or so for their Sinclair ZX-80's, then TRS-80's TI-99-4a's, Commodore 64's and such. The first adaptors of computers and the internet were NOT the wealthy, but middle class geeks.
The first cellphones were bought by doctors and health professionals and others who needed instant access in cases where their access was a matter of life and death for their patients. Lawyers and stockbrokers followed. At the exact same time, beepers, which used much of the same technology, became available at $20 per month or less. It was not the extremely wealthy that bought either cellphones or beepers, but those who needed them in their work.
The top 1% of the population was not and is not the financier of innovation. There aren't enough of them.