Let's follow the money. A policy that pumps stocks by dumping labor + consumer rights delivers a roughly equal cost to everyone but delivers benefits in proport

Let's follow the money. A policy that pumps stocks by dumping labor + consumer rights delivers a roughly equal cost to everyone but delivers benefits in proportion to net worth. Suppose it pumps assets by 1%. A $200k NW individual gets 2x cost and $2k gain. A $3M NW individual gets 2x cost and $30k gain. A $6B NW individual gets 1x cost and $60M gain. A $400B NW individual gets 1x cost and $4B gain. If it wasn't obvious, these numbers correspond to the Median American, Kamala Harris, Donald Trump, and Elon Musk. People whining about focus on ownership and complaining that all politicians are bad are drawing this equivalence across 3-6 orders of magnitude of incentive to do evil. In contrast, I argue that incentives matter and that high NW individuals in politics have uniquely misaligned incentives. The focus on ownership doesn't just matter, it matters more than it ever did before.