[xzcat]

I take issue with #1. The rich have very large percentages of their wealth in vehicles that don't get inflated away. Stocks. Interest-bearing debt. Etc. I would argue that Somewhere in the middle class is probably the peak for "% of total net worth in fiat currency". People who have enough money to save, but not enough money that their emergency fund is a trivial % of their net worth. And even then, they probably don't have a ton of money in instruments that yield much more than inflation. It's a lot safer for a CEO to keep 80% of their net worth in stocks because they could live off 1-5% of their net worth for a lifetime (even if they need to scale back their lifestyle a bit - they won't be homeless).