Don't get deluded: inflation hurts the wealthy proportionally worse.
A. If inflation makes your job 15% less pay, you can find another job in that market that matches new market levels.
B. If your pile of money is 15% less, you're going to need to take CRAZY market risks to stay even with it.
Inflation is the great equalizer: we ALL suffer.
@Phileosopher Makes sense, except usually it's not exactly a pile of money, more like funds invested into various financial instruments, some of which do not lose 15% of its value — that's why it's diversified in the first place, and they can always pull out of what loses value to invest more into what doesn't — it's not their last money, they are way more flexible with my it than most. It does not mean you're wrong, but it's not that simple.
@m0xee
Not simple is absolutely currect: daily suffering is worse with inflation. Inflation is an even cutback on wealth, and the poor have a smaller margin of error.
The part that IS simple, however, is that every revolt is driven by extreme suffering and tyranny. I believe in the lower class' capacity to come out ahead in hardship, assuming everyone stays educated and nobody does anything evil.