Comment Re: Honestly... (Score 1) 328
Yes, I meant exactly what I said. Without constant inflation, you could save money from working and retire on it. With inflation, you are instead forced to invest that money, generally in financial instruments, and hope that it grows at least as fast as inflation (plus whatever taxes and fees you get charged for the privilege of having your money keep up with inflation). Inflation therefore punishes savers.
The rich have much greater access to and control over productive assets. They control the financial sector, which gains most of the benefits of saver's money being forced into investments. Constant inflation is the largest cause of growing wealth inequality.