On the other hand, inflation taxes every positive-valued bank account roughly the same.
They literally do spend a lot more of products and services than a regular Joe on the street, a sales tax would be taken at the point of purchase. Flash cars, fancy furnishings etc don't just come out of thin air.
> On the other hand, inflation taxes every positive-valued bank account roughly the same.
Inflation wrecks (the typically meagre) savings of regular people. It does not affect the wealthy who will have diversified investments and that will include things that are a hedge against inflation such as (but not limited to) precious metals, overseas investments etc. etc.
I don't wish to be rude but you haven't thought this through.
Yes, but not that much more. The smart rich people do not waste money like that.
> Inflation wrecks (the typically meagre) savings of regular people.
Yes, but that is the case even now. I am not proposing any big change from status quo regarding devaluation.
> It does not affect the wealthy who will have diversified investments and that will include things that are a hedge against inflation such as (but not limited to) precious metals, overseas investments etc. etc.
That is true. It also does not affect the regular Joe who buys physical goods that appreciates in time. And devaluation helps the poor guy who is indebted and has to pay back with interest.