It's not a conspiracy. Modern Monetary Theory, which all the leftists love, specifically states that the "solution" to high inflation is high taxes.

Of course, what will really happen is that high taxes will kill the economy, meaning there is even more money chasing even fewer goods and services, while we have less jobs. So in sum, you will not only have hyper inflation, but you will end up with inflation in every area, except employment and employee pay.