They don't need to, because they can take the 1% out of your wallet by printing more pieces of paper with dead politicians faces on it.

Inflation affects all kinds of money - including that sitting in a bank account. All forms of electronic payment include rent paid to some company and that's above and beyond currency devaluation.

Not the same one of the Baltic countries has openly speculated about taking money directly from peoples bank accounts.

Ahh yes, that is different, and worth being paranoid about if you live in one of those countries where it's an idea people in power are considering.