For those worried about the inflation risk: it depends on how the money is generated.

Theoretically, if it is created by, for instance, taxation (redistribution over people) or bonds (which is redistribution over time), you shouldn't risk too much overall inflation.

It will, however, change which goods increase in price. I suspect restaurants will become more expensive and yachts will be cheaper if it happened by taxation.

Having said that, inflation itself seems to be blind to the theory and does whatever it feels like.

For the purposes of this exercise, let's suppose I get $5k/mo and others don't. I think it depends on when I got it.

In my 20s -> Travel and grad school

In my 30s -> Supplementing my meager income to enjoy myself

In my 40s -> Investment