You're forgetting the effective "wealth tax" of inflation that hurts everyone across the board, except for those favored interests with access to the newly-prin

You're forgetting the effective "wealth tax" of inflation that hurts everyone across the board, except for those favored interests with access to the newly-printed money. Of course, the effects of inflation are felt most strongly by the poor and those on fixed income, for whom the rising cost of basic goods means that their meager income purchases less and less each year.