The people with "too much" (everyone with more than the person saying the phrase "too much", presumably) aside, giving everyone more money will mean house prices will be bidded up and rents will rise, because there is an oversupply of people vs accommodation.
Think about it now, if you are bidding on a house and the other bidders are multi millionaires and billionaires, who do you think will win the bid? House prices are going up because those with a lot of cash are bidding them up. Many of those are being converted to rentals. This is why inequality matters.
