> They literally do spend a lot more of products and services
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.
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.