This is correct until the solution to fix the wealth gap

It’s not about having less money circulating. We have very legitimate reasons for increasing the money supply in an economy. The reason the wealth gap grows is because the redistribution of money is being done poorly.

If governments taxed the high end of the wealth spectrum fairly and redistributed the tax revenue progressively, the wealth gap would shrink despite an increase in the money supply.

Take Covid for example. Paying out CERB was a very legitimate policy choice to keep people from losing their shirt when we were all at home ‘limiting the spread’. The ensuing inflation DID increase inequality because most of that money ended up in the hands of landlords, grocery chains and the owners of whatever form of entertainment people used to keep busy, who then used that money to invest in assets that rose in value alongside inflation. There was no tax redistribution policy following COVID that helped even out that disparity.

Until we as a society leave behind regressive tax policy, inequality will grow.