[md2020]

Another thing that was put in place for corporations with lobbying power and wealthy people is the current US monetary policy of quantitative easing to infinity. This makes the rich richer and decimates the purchasing power of those who have few assets (poor and/or working class), and the government which you seem to have so much trust in does this knowingly. Note that even outside of the US, this does matter, since the USD is the de facto global reserve currency.

[tsimionescu]

I do not have that much trust in the government. However, the government, unlike corporations or algorithms, is the one thing I have some minute amount of democratic control over, corrupt though it is. Moving things like monetary policy away from corrupt government control directly into private hands, or moving it into completely inflexible algorithmic control (with the algorithm in turn controlled by private individuals) can only make things worse.

And note that, while QE is useful to the rich, it also permits things like giant infrastructure bills that help everyone. We've seen in Greece what can happen when money supply is constrained (in that case, by EU policy preventing one country from just printing euros), and it's definitely not the rich who lost. QE is being used to serve the rich not because it's inherently in their benefit, but because almost everything in our society is being used to help the rich.