Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages.
Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.
The effects of inflation not only are greater, but disproportionately greater, for poorer people. Those with higher incomes often offset price increases (goods, services) with increased income.
So to summertime, this is a plan to collect money from the rich and the poor. The purpose is to waste it in area where in turn those who hate the rich, all of us" think that this is done for us. It is not
The promise to tax only the rich is false. Look at the price of gas, heating oil and natural gas. The winter and these politicians will leave you penniless. This is the new form of taxing you endlessly.
Look it up yourself. Just a thought.
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