America subsidizes affluence through central bank interventions. When it buys trillions of dollars of assets, like MBS, bonds, and indexes, guess what, asset pr

America subsidizes affluence through central bank interventions. When it buys trillions of dollars of assets, like MBS, bonds, and indexes, guess what, asset prices go up, benefiting asset holders — the rich. How about a “first, do no harm” discussion about the ways government actively benefits the rich, through the Cantillon effect and regulatory capture, instead of always focusing on confiscatory redistribution.