> Yes this is largely because lower income deciles tend to hold more cash than assets That's true, but it's important to point out that this is because the bot

> Yes this is largely because lower income deciles tend to hold more cash than assets That's true, but it's important to point out that this is because the bottom of the income curve simply doesn't have meaningful assets at all. So what they have tends to be cash, and subject to inflation. But they don't have much, so the impact is very low. Their wages, however, do inflate along with the rest of the market. And that's a problem that there's no wealth accumulation available to the bottom of the income curve! But it's not remotely a problem with monetary policy and "fixing inflation" isn't going to do anything for these people. And in particular, trying to characterize inflation as a "tax" on them is voodoo nonsense.