[makomk]

Obviously it doesn't. In fact, one common long-running justification for why we should helicopter-drop money to ordinary people rather than businesses and banks is precisely that ordinary people will spend it on goods and services whereas the wealthy will not - and it seems like we're seeing the consequences of actually doing this right now.

The trouble is that there's a strong strain of left-wing populism in the US based around a view of the economy that is simple, gives someone convenient to blame (the evil wealthy corporate class sitting on all the wealth like dragons on hoards), and bears almost no resemblance to the way the world really works. Which is why you still get people pushing for wealth redistribution as a solution to this inflation, even though the very argument that was being used to call for it before means that it will make the inflation problem worse.