He’s absolutely right. Inflation is in essence a tax on savers, or whomever happens to be stupid enough to hold onto dollars for more than a split second. It can affect rich people, too, but is more likely to fall upon the poor. In gubmint jargon inflation is “regressive.”
Also tax on fixed income and min wage earners
As they can’t keep up with increasing costs of food
& other loving expenses
Truth, facts, and logic. No one in the government is interested in those, and no one who voted for 0bama understands them.