>Well rich people already own most assets. Why would they want their holdings to lose value?
If wealth is a function of ownership why would you care if your $500m went down to $100m if the purchasing power you cratered is well below what you lost in 'value' while your ownership increased?
If wealth is a function of ownership why would you care if your $500m went down to $100m if the purchasing power you cratered is well below what you lost in 'value' while your ownership increased?