The federal debt is getting too big to deal with. This will leave only two options: either default and reprice the debt, or inflate away the value of the debt with massive monetary debasement.

They'll go with the second option. The first option is immediately devastating, while the second option is devastating in a slower, more insidious way, that the wealthy are better equipped to insulate themselves from.

The middle class have home ownership and maybe a stock portfolio. A home, even with a mortgage, is a good asset to own in an inflationary environment. The price of the home goes up while the real value of the debt owed does down.

The lower class just gets crushed. They own nothing. They see their rents go up with inflation. They see their credit card rates increase. And their wages don't keep up.