What a stupid thing to say.

Wealthy people lose money when asset prices fall, which includes property, stock, fine art, etc. etc.

Halifax house price data shows a 12.7% fall in the last 12 months, so a big loss for the owner of example house above.

It has also been proven that times of recession and / or bear markets close the gap between rich and poor far more than extra taxation of the rich does.

Finally......... nice cars