Long term, inflation tends to reduce income inequality (up to a point, I've generally seen 10-15% quoted as the sweet spot). The problem with inflation and poo

Long term, inflation tends to reduce income inequality (up to a point, I've generally seen 10-15% quoted as the sweet spot). The problem with inflation and poor people is more short term: wages are one of the last things to inflate, so there is still a short term drop in buying power. This applies to everyone relying on wage income, but the poor have the least slack to manage it.