The only thing that is different right now is that some large and powerful corporations are being defrauded too, instead of just people.
The rich are just people.
The sooner we accept that and dispose of the bizarre “deification” of the rich the sooner we can discuss deprecation of their influence and reach.
The apathetic kowtow to a handful of aging out government brown nosers who lobby to insulate themselves is sad.
1980s Reagan economy is not immutable physics and we have no obligation to believe the stories of the rich about their success. There’s a whole lot of behavioral science being leveraged, and intentional PR propaganda tossed around to obfuscate the rich are “just people”
That said:
“Corporation, n. An ingenious device for obtaining individual profit without individual responsibility.” Ambrose Bierce 1906
“Rich people” in a fiat economy is due to the valuation of their assets, often but always, large stakes in corporations.
All of which is politically correct hallucination. None of it exists as immutable physics.
The mistake is yours for memorizing vacuous political statements.
Accuracy relative to the dying and long dead’s ignorant political babble is a ridiculous stat to min/max to dial in correctness. Stay in the centrist lane!
Rather than have a forward facing conversation, you reach for history. There’s little point in continuing this conversation
And really, mostly only law enforcement needs to believe the "hallucination" for it to have real effects. You, know, those guys with guns who will hurt you if you don't do what they say?
I don't think our positions are actually that far apart. It's just that, as far as I can tell anyway, you're trying to make a stand on some point of terminology while I'm trying to be reductionist and understand the dynamics.
Some of them were also doing the defrauding, and got a positive net profit, while many weren't. Things are way more complex than "the rich did it".