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Krishna Paramathma wants all material wealth to be given up and lead only a minimal existence. 

While this would be the ideal state of affairs,  given the modern Grihastha way of life that most of us follow,  the correct position on this would be that whether we are wealthy or not, it is not something that the mind should be attached to.

The Paramathma very strongly states that wealth should not be accumulated for its own sake.  Every individual should have only enough to meet his needs. 

This has two implications;

A.  The focus on attaining Paramathma as the primary purpose of life would be significantly diluted if the pursuit of wealth is indulged in.  Wealth is one of Karma's weapons to perpetuate itself.   In fact the Paramathma categorically states that when he is displeased with anyone,  he showers them with all the wealth in the world.  This has the impact of pumping up the EGO and ultimately resulting in the downfall of the individual. When an individual has a surplus of wealth, there is no insecurity. But on the contrary greed only grows. So the infatuation with more acquisition of property and acquisition of more wealth as well as the mental energy that is required to be deployed in pursuit of wealth will take away all the spiritual orientation and move the individual further and further away from 

B.  The other implication is the secondary impact that wealth brings in its wake.  This is the pursuit of power.  Once wealth starts to accumulate,  the self desires to project itself by influencing and controlling fellow beings.  This results in relationships and conflicts which is an unending path that leads further and further away from Easwara.

The conclusion is that irrespective of the extent of wealth that is available with anyone,  there should be no attachment to it, nor pursuit of accumulation, and anything beyond one's reasonable needs should be given away for promoting Dharma.