The reality is that big corporations always do well in an inflationary environment and it’s very simple why. If you have
stuff, then you get richer when stuff goes up in price. If you need stuff, you get poorer when stuff goes up in price.
That’s why inflation is always a tax on the poorest people to the benefit of a tiny minority on top. It’s not just those who sell stuff, but those who own assets that get better off. So that’s why [Pierre Poilievre] warned in This House of Commons in the
fall of 2020 that printing $600 billion of money was going to lead the billionaire class to become extremely wealthy and it did.
You’re pumping $400 billion into financial markets, inflating financial assets, and enriching the people who own those assets who are overwhelmingly affluent and well-to-do people. And in the process you are eroding the wages of working-class people.