The prevailing wisdom of the last couple of decades is that, in even fairly prosperous societies, the mere fact that there are very rich people makes others miserable, even if all of their needs are being met.
Then why are you so miserable when those yuppies from California bought up all the housing inventory and made your property taxes go up? You couldn't get your driveway paved because all the crews were busy on bigger projects? Cost of lumber went up too much to finish your deck because out of state assholes bought all the new home construction?
Ooooooh, ok, "that's different(TM)", that's not rich people existing. That's rich people ... spending money? Rich people spending money they didn't have before that you got none of??!1roflmao67pwned
That's what increasing wealth disparity looks like. It's ok buddy, you can call it inflation, it's like a special inflation that increases the dollars you spend but not the dollars you make... lol
Meanwhile $150,000 is the new $100,000, but your $30,000 is still $30,000? ahh shucks. But hey your needs are still being met right, then stfu.
For the record, I actually have a lot of empathy for people of all economic means. If I didn't care, I wouldn't take the time to repeatedly explain that if inflation makes your expenses go up, but not your pay, the wealth gap just increased. That's not just inflation. It does you no good to fight over what to call it, it's the same thing. TFS says as much FFS you morons. It says inequality exacerbates the effects of inflation. It doesn't matter which one you point the finger at or what you call it.