A large number of us CAN be millionaires.
It’s actually technically correct that we all can be millionaires, at least on a household basis. The mean household wealth in the US was $1.06 million as of 2022, by now it’s undoubtedly higher. So with a full redistribution of wealth every household would have over $1 million.
In reality though the median household wealth is just under $200k as of 2022, and doesn’t rise as consistently so who knows where it is now.
It does have precedent though. That’s how Reagan won in a landslide. Very similar circumstances - inflation, small military disaster, uninspiring president. Of course Reagan wasn’t as depraved and dumb as Trump so he won by a lot more.
However inflation definitely has a history of short circuiting voters’ brains. Maybe it has something to do with how the media doesn’t really understand it and does a terrible job explaining it to people. I’d guess at most 5% of voters know that there are multiple inflation measures - some of which were already rising during Trump’s term - and that the typically-reported number is over the last 12 months, not right now (meaning the “record low inflation” at the end of Trump’s term included the whole start of the pandemic when there was deflation). Republicans are great at filling an information vacuum with their narrative, so they said it was Biden’s fault and people fell for that easy explanation.