Inflation hurts the poor by reducing their marginal income buying power a few percent. If we induce a recession they’ll lose their jobs and we can reduce their buying power by 100%. Meanwhile people with excess savings will get windfall interest payments.
That and inducing a stop/start business cycle in the building industry which causes the firms to use subcontractors rather than employees.
The Monetarist Mortgage Tax driven via the finance industry and the housing market is how we tax the nation - now the legislatures don't want to do it explicitly.