Inflation is a tax for poor people who don't and often can't hold assets that appreciate with time. It not only makes their savings worth less, but also makes t

Inflation is a tax for poor people who don't and often can't hold assets that appreciate with time. It not only makes their savings worth less, but also makes their fixed salary have less buying power. The wealthy love inflation since it's just going to pump their assets and redistribute money from the poor into their pockets.