[rozap]

Inflation looks a lot like taxation, yes. But assets, the markets for equities, etc rise with inflation. The upper class has most of their net worth in assets/equities, whereas the poorer people are living paycheck to paycheck just buying the essentials each month, and each month those essentials become more expensive. Only one of these groups feels any real impact.

So yes it's a tax but it's a tax on a very specific segment of the population.