A prevalent talking point is Trump and the 1% want a recession so they can buy things for cheap. I'm not sure that makes a lot of sense if you play it out.

The wealthy hold a disproportionate percentage of stocks. Many have their wealth concentrated in a single business that they own or work for, that is harder to liquidate.

Since the wealthy own most of the capital, they stand to lose the most if it drops in value.

The common statement I keep hearing is "the wealthy want a crash so they can buy everything up at reduced prices and reap the benefits of the rebound."

The Buffets of the world, patiently sitting on a vast amount of loose funds, just waiting to buy stuff up, are few and far between. I understand how they would benefit.

But for most of the wealthy, it would mean they would be selling their invested capital (after a loss?) and buying something different. Is it simply a good time to trade their holdings? Or maybe I'm underestimating the idle cash on the sidelines that is waiting to be deployed.

Specifically, how would this work out beneficially for your "average" one-percenter?