They’re all bought and sold: American democracy belongs to the billionaires now

[Aegon]

Maybe the wealthy know better.

Not sure if you're serious, but the wealthy as a group are pretty ignorant of actual problems facing the middle and lower class. Hell, I find that many middle class people are ignorant of the problems facing the lower class (example: the idea that poor people just aren't working hard enough is an idea perpetuated by the wealthy and the middle class.) The wealthy are as wealthy as they are for a reason: they know how to protect their own interests. And those interests definitely conflict with the interests of the rest of us.