Tax increases will shift the jobs from the private sector to the public sector. As far as I know, the private sector is far more efficient than the public sector. So, yes we can live in a society with more equality, but the country as a whole may lose competitiveness in the world market and the long term unintended consequences will affect rich and poor. I realized that there is an optimal taxation rate at any given time, but we will never know if we stayed long enough in that desirable target. We will endlessly pull from both directions and passed that ideal tax rate back and forth until the end of time.
I, just like everyone else, look at the issue very expediently. Hell, why not, tax the rich more! I am not there yet. Just stay away from my tax brackett!!!!