It is a wealth transfer from people who currently have cash and earn cash (workers, since increases in pay lag the rate at which currency loses purchasing power) to people who have assets and COLA adjusted annuities (wealthy people and old people).

Assets and cola adjusted annuities also lag. They may lag less, but that's a discussion to have.

Real median wages have gone up more than inflation has over the last few years. It's just not evenly distributed.

Yeah, the salaried folk who find out in hindsight will be really happy as well. /s

I don't think sarcastic comments really help, people who aren't capable of having real conversations about this already bring enough of that. It is definitely worth talking openly about whether it's worth trading short term inflationary pain for long-term climate pain.

I guess you're right. The parent speaks of inflation as if printing money is the new norm. If you are going to take money from your citizens then be upfront about it!

All the money we have was printed. Printing money has always been the norm, it's just a matter of how much - at what rate.

You can print but still have a cap, see Bitcoin.

We do have a cap. It's not even clear to me that the federal government prints more slowly than bitcoin as a percentage of issued currency.