Agreed, but don't forget that 'inflation' is something that we can control. In the US the dollar was stable for a long time, then President Johnson started printing more money to pay for Vietnam without raising taxes. Nixon doubled down on that strategy, and Reagan enshrined it when he deregulated the banks and let them create money directly.
100 years of inflation has destroyed the purchasing power of the poor and middle class. If your mam and pop does not grow 2% a year its a shrinking business and eventually there is nothing left. Big corps seem to make it work by bending the rules. But the little guy gets screwed. The rich tax rate is like the murmur show to distract us from losing everything of value.
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