I’m curious what the mechanism for reducing inflation is when taxing the rich? Here are my assumptions: 1. Inflation is a function of monetary supply, the vel

I’m curious what the mechanism for reducing inflation is when taxing the rich? Here are my assumptions: 1. Inflation is a function of monetary supply, the velocity of money, and available goods. 2. The rich contribute less to the velocity of money (since they tend to save or drive up asset prices) than the poor