In related news, water is wet.
“The Cantillon Effect is the idea that money injection may not change the long-term output of an economy, but it affects different sectors and time periods differently. It suggests that inflation favors investors over wage-earners, who face higher costs and lower wages.”
https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/
It was not this way when I was a kid; then Nixon took us off the gold standard and “poof” there went the wealth of the middle class.
1971 was this time at which wealth equality in the United States was at its highest. The wealthy actually need a healthy middle class as a buffer between them and the ghetto. It’s just that few of them have figured this out.