Actually, the reason they are up high in back is not merely to accentuate the wedge shape of the car. Also, ride height at each end of the car does nothing to the static weight distribution.
The reason that RWD drag cars are up high in back is to
encourage weight transfer. For ideal traction, a RWD drag car wants
all of its weight on the back tires, with just enough weight on the nose to prevent uplift. So having high ride height in the back allows the car to squat on its haunches at launch and transfer as much weight as possible to the drive wheels.
I can't find a picture of a car called
The High and Mighty, but look at this vintage hemi Coronet. See how high it sits at both ends? These are at-rest pictures:
This is why FWD draggers keep them
low and stiff in back - because they want to keep as much weight up front as possible at launch. Serious FWD draggers even run wheelie bars even though it's a physical impossibility to skylaunch a FWD car; the wheelie casters touch the ground when the car squats, doubling the wheelbase and transferring weight back up front. In fact, the rules prohibit 'preloading' the wheelie bars by having them push down onto the ground when the car is at rest, because that increases the weight distribution toward the front wheels.
So RWD cars want a lot of ride height, particularly in back, to facilitate weight transfer while AWD (to some extent) and FWD cars want to be low in order to reduce weight transfer.