Question: Debt Ceiling and the Rich

[dynasaw]

Here's something I've been trying to figure out:

Shouldn't not raising the debt ceiling scare the very rich? i.e. Those who are presumably whom the republicans are serving?
Only the rich have investments such as stocks, shares etc. and these investments will go in the dumper if the Republicans get their way if the nervousness on
Wall Street is any indication. So whose interests are Beohner and company serving any way?

Help me untangle this one.

[Raven]

1. There is $ to be made in a crash. Wealthy stockholders will

pull out of the markets, sit on the sidelines and wait and then go back in and buy low. They can afford to wait this out.

[reformist2]

2. Breaking the welfare state means their taxes will never go up again.