I did not explain myself in detail so I can understand why you might think my comment is off.

Inflation has more than a single cause but it comes down to the balance between supply and demand. To reduce inflation you need to increase supply or decrease demand. Of the two demand has the most elasticity. So, we focus on decreasing demand. The Fed increases interest rates hoping to decrease demand, but higher interest increases cost and that puts upward pressure on prices even as it decreases demand. Not good but it is what the Fed does, if all you have is a hammer everything gets treated like a nail. Monetary policy only has this sledgehammer.

Fiscal policy can cut spending and that will reduce demand, fiscal tightening. That would do it but it is painful to those who can least afford it.

How can we reduce demand in a way that does not hurt working people and might also increase supply or efficiency.

Tax the rich, pay off debt and invest in infrastructure. If the rich (upper middle class and wealthy) have less money they will spend less on consumer goods, less demand. If you pay off debt you drive down interest rates as the remaining debt will seem less risky and that debt will be in greater demand so will not need to yield as high interest rates. Investments in infrastructure will increase efficiency which will lower costs putting downward pressure on prices (if markets are competitive, that is another story).

I hope that better explains how taxing the rich (upper middle class and the wealthy) would reduce inflation.

TEK