Those that could afford to buy homes..65% of the population of which 29% of those are mortgage free have gained from their ownership if it was prior to 2007/2008
Those whose daily lives are most
impacted by inflation tax are the 35% + that do not own and the 17% of mortgages that are seriously under water...that's a LOT of families.
http://www.housingwire.com/articles/29696-of-homes-with-a-mortgage-seriously-underwaterfor most middle/upper middle income groups a high inflation rate will not mean they have to cut back on basic food/ entertainment clothes gifts driving etc.
for the 35%+ poorest a 19%- 22% food inflation for 2014 (so far) denies them the ability to do many of those things and worse puts and KEEPS them in the "poverty trap" of welfare.
http://www.infowars.com/the-real-inflation-fear-us-food-prices-are-up-19-in-2014/http://www.breitbart.com/Big-Government/2014/05/24/U-S-Food-Inflation-Running-at-22As a larger percentage of their income is spent on food than that of the middle/ upper classes..Is that not disproportionate?
Which of those groups will not have decent appliances, smart clothes nice cars etc because of having to spend more of their limited funds on feeding their family?
Whilst inflation "tax" affects all, only the poorest have to sacrifice on a major scale. In a free market these things happen ..there are winners and losers..
but this does not need to be compounded by government policy ..giving greater benefits to the rich..banks and financial institutions bail outs/ printing money and 0 interest to certain institutions at the expense of inflating and inflation leading to increased hardship for the least fortunate of society
http://www.zerohedge.com/news/2014-06-20/inflation-only-if-you-look-food-water-gas-electricity-and-everything-elseand cooking the books is dishonest whatever spin they want to put on it
http://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/