It could cause inflation because the money velocity would increase (if you’re a disciple of Milton Friedman). The presumption is that the money taken from rich

It could cause inflation because the money velocity would increase (if you’re a disciple of Milton Friedman). The presumption is that the money taken from rich peoples (and company’s) savings, that they’re not spending, and giving it to people who would spend it every month would increase the velocity and potentially cause inflation.