>The best one-sentence description of inflation I've heard is: inflation is a hidden tax on savings. People who save money are hurt the most. It's as if the newly printed money is generated by taking a bit from anyone according to how much cash he/she has stored away.

Who are the people who save money? Or rather, more specifically are either holding cash or in bonds whose real-yields are very negative?

Tourists, downpayments, and retirees.

Flipside, who is benefiting the most right now? People who are leveraged the most. Jeff Bezos and amazon isn't building all these warehouses out of pocket. These are all being financed and amortized for 25 years at tremendously low rates with real yields in the negatives. Or rather Jeff Bezos is being paid HUGE money to take on debt.

Retirees are getting poorer by the day giving their money to Bezos.

High inflation disproportionally benefits the ultra rich by huge degrees.