You realize that your plan to print money and give it to people doesn't hurt the uber wealthy it really only hurts small time savers.

If you print money to the point of rampant inflation and distribute those funds to everyone you've only erased the portion of peoples wealth that is held in cash.

Anyone who is holding hard assets like land, gold and ownership stakes in industry is not concerned with inflation. Their assets will inflate along with the cost of everything else. Your plan will only further the wealth divide because hard assets will increase in price to match inflation while everyone who is holding cash will have their purchasing power completely wiped out.