You don't have high taxes in America. Especially not the wealthier people. So we don't know if it would help. At any rate, it would help solving the budget problems. They are relevant for all members of society.
I highly doubt it would solve the budget problems. You seem to forget that in the 1970s the top marginal rate was 70%, and far from having tons of money for the Federal budget, they had a deficit of $80 Billion in 1974. Which when you account for inflation, would be a deficit of roughly $350 Billion today, just about in line with the deficit prior to the recession.
There wasn't tons of cash for your social programs. No money for universal health care. Sorry, just not there.
And what a lot of people here fail to figure out is, capital is not static. It's dynamic. It can move around. People routinely move money across the market to avoid taxes. In New York, they passed a large tax increase, and the following tax season, 30% of the millionaires dropped off the planet. Where'd they go? They moved their wealth. Got company perks instead of income. Put money in tax shelters. Some even left the state.
You can't stop people with wealth from avoiding taxes by leaving. And if they leave, then the entire society suffers. East and West Berlin. Jamaica. South Africa. This happens all the time.
When I look at the ghettos, the horrible health insurance situation and "working poor", I can't see that. And, as you probably know, most statistics show different numbers.
We don't have horrible health insurance. That's a myth.
Well, I believe those who are do contribute their share. Even low qualified workers, be that cleaners or drivers. I think it's not doing their efforts justice when you call them useless. Besides, the value of a human being is not dependent on the money they make or the taxes they pay. Some people simply cost more than they bring in, be that ill, handicapped or retarded people. They deserve a life in dignity too.
The extremes of poverty and wealth we see today are obscene, IMO. Both extremes are not good for society on the long run.
It's always amazing how much people try and assign 'deserve' to people. They do? Why do they? Explain the reason they deserve this?
First, I would rather have extremes, than all be impoverished. Further, I think it's rather a joke to claim there are extremes of poor in America. You need to visit the slums of India if you want to see extreme poverty. Or the refrigerator box people in Mexico.
Most of the poor in America, are poor by choice. Most of the poor in other countries, are poor because they have no other option. I think it was a visiting Russia who said 'Only in America do you find fat poor people', and I agree (with whoever said that). The poor in other countries are truly poor. They are looking for one cup of rice for dinner, while our poor are complaining their welfare check doesn't cover cable TV.