4 ms·

Hm no; monetary inflation is reducing the value of each dollar so disproportionately affects those with more dollars, making it progressive.

• jackcosgrove 6y ago
  Most wealth is tied up in assets that are shielded from inflation.
  • ivalm 6y ago
    Poor people generally have high debt to asset and debt to income. Inflation helps them.
    • bryan_w 6y ago
      Sure it helps with the debt, but they will still need to buy the $200 bag of milk