Transferred to the working class, but from where? From people with savings, but not people who own assets. So this is a redistribution between the lower castes,

Transferred to the working class, but from where? From people with savings, but not people who own assets. So this is a redistribution between the lower castes, not from the higher to the lower caste. I know the official inflation numbers for the past decade were small, but this highly depends on what you put in your basket. The rise of stocks, real estate, education and health over the past decade shows that inflation was there all the time. Therefore I do not see why low inflation would increase the wealth gap. The wealth gap always increases without external disruptions (world wars, strong government) because the return on capital is higher than the growth of the economy as a whole.