Because they're wealthy enough to have separation between their 'existence' money and their 'power and status' money. Tank the country and they get to own a little sliver more of it. The cheese and clothes they buy don't change. Because they've got more than plenty.
No that's not what I mean I mean like if I have 99% of my assets in ...business capital (read: mostly stock) what's the plan? I'd have to front-run, but the wealthy own half of the business capital in the US so that's also incoherent because there's just not that much besides other wealthy to front-run.
If the wealthy wanted to buy something up on the cheap that they didn't own, they'd do residential real estate: something that's majority middle class owned (a fun corollary: property taxes are just wealth taxes on the middle class, the proportion of business capital the middle class owns is teeny). However, house prices have gone in the opposite direction as you'd expect from this theory!
