What would the political left (and for that matter, the right) do if they found that one of the biggest factors in income inequality was not top income tax levels, but inflation? It might lead to a revolution and a grand coalition among people of ideologies across the political spectrum against the political establishment. Income inequality is clearly a complex phenomenon, subject to many variables. But the intuition behind the rich getting richer from lower tax rates is probably a little easier for people to accept at face value than the argument that the rich are getting richer from...
![Inflation Cheats the Working Man](https://sfo3.digitaloceanspaces.com/offload-wp-files/2022/09/pexels-yury-kim-585419-1080x675.jpg)