Destroying money means a lot of people have to become poorer. So isn’t destroying money where it’s safe to do so just another way of saying the politically conn

Destroying money means a lot of people have to become poorer. So isn’t destroying money where it’s safe to do so just another way of saying the politically connected get bailouts while the rest don’t? It seems that this would be an optimal strategy from a cynical political authority I suppose. Still it makes me wonder if the transmission mechanism for interest rate hikes will work, since the politically connected are where most of the money is already.