You misunderstood. All geohot is saying is the same thing Scott Galloway constantly says - your job is to create surplus value. Provide more value than you take, over your lifetime, not over any specific one period, either.

The argument is that if you do that, returns will naturally come your way.

The issue is that many people never provide surplus value at all; some can't, and that is obviously completely acceptable (people who are disabled, have medical conditions, or who for some other reason cannot). But those who are able and choose not to provide surplus value are who he's talking about.

You may not agree, and that's okay, but that's the argument.

That's not what he's saying. At a company level he's saying that if they make more profit than they add value they have an indefensible business model and will eventually lose to bigger players.

At a personal level you can live your life similarly, add value where you can. You can do that by joining an organization that adds value as well.

People volunteer e.g. playing games for free, spending considerable time and effort. The point is that the process is enjoyable by itself.

When it starts to feel like work, it starts to feel like needing wages for it.