I'm more concerned about the millions of Americans living on fixed incomes
To get to the root of the inflation problem, you gotta look at how prices are affected. The price of everything breaks down to labor costs, nonlabor costs, and the mark-up for profits.
Most price increases are because of fatter corporate profits. Since wage growth lags far behind inflation, we know that's not what's increasing prices. Supply-chain snarls are also driving up prices. This points to some solutions to fight inflation.
Given that higher prices and profits are at the heart of the problem, price controls and increasing taxes on corporate profits would help solve it. Nationalizing the big monopolies controlling prices is an even better solution.
For example, four large meat-packing companies control 85 percent of the beef market. They can increase their own profits at the expense of farmers, who make less, and consumers, who pay more.
The government should just buy one of the four companies and run it properly. Nationalizing one of the big boys would increase competition in a few months.
Once they're under government control, companies will no longer be able to manipulate the market, control supply and drive up prices. Instead of going to the billionaires, the profits could be used to help out the folks who are struggling on fixed incomes.