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Despite noble intentions they do little to help the poor, since richer folk are heavier energy consumers.
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And since rich countries now account for barely half of world output, that could easily mean a global slump.
Since rich regions attract both prosperous businesses and productive emigrants from poorer areas, the problem can intensify.
The Persian Room opened on April 1, 1934 since rich people "deserved" imaginative decor for their black tie garb.
Sponsors said this would give new impetus to the economy, since rich people make the investments that lead to new jobs.
Quantitative easing, or the buying of assets with newly created money, has been the workhorse of monetary policy since rich-world interest rates fell almost to zero in 2008-09.
He is sceptical that it will raise the £3.1bn pencilled in by the Treasury for the 2011-12 financial year, since rich people are good at finding ways round such impositions.
Since rich countries rarely sustain growth of over 3.5% and poor countries are excluded by design, it is hardly surprising that the slowdowns they unearth cluster in the middle-income ranges.
Nigeria, the most populous country in Africa, is likely to lose a large part of its government and business elite for although AIDS hits poor countries worst, it rarely spares the rich within those countries, since rich people generally have more sexual opportunities than poor ones.
Besides the proposition of more collusion, the state-centralism explanation of fiscal sociology argues that since rich fiscal revenues are extracted from coal mines rather than from ordinary taxpayers, coal-rich governments have fewer incentives to satisfy public demands and have more arbitrary power on budgetary decisions relative to legislation.
Since rich people have a disproportionate amount of capital gains income, they would benefit most from the policy change.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com