If this were true, we would see rich people agitating for them all the time. Instead, what we see are rich people colluding with government to protect themselves in every downturn. Most real wealth in the US is highly “geared,” very sensitive to asset prices and especially credit availability.
Interesting that this obvious fact hasn’t filtered down into the public consciousness. I know that for most people, history only starts with their birth (or even later), so how about 2008? That’s recent enough I guess. Who was really “saved” then? And how?