All redistribution schemes would seem to have some risk of this problem, but it seems like a bigger problem if the redistribution is universal. Like if we redistribute wealth to 1% of the population probably not much will happen. If we do it to 10% I suspect we’d see moderate inflation. If we do it to 100% we’ll see a lot. In fact we saw exactly this in the US with COVID subsidy payments, as best I can tell.
All redistribution schemes would seem to have some risk of this problem, but it seems like a bigger problem if the redistribution is universal. Like if we redistribute wealth to 1% of the population probably not much will happen. If we do it to 10% I suspect we’d see moderate inflation. If we do it to 100% we’ll see a lot. In fact we saw exactly this in the US with COVID subsidy payments, as best I can tell.