As for taxes, the US tax system is a stranger to me. (The UK tax system is almost as strange, with the comforting distancing effect of PAYE .) But incentive to 'create' wealth must be balanced against disincentives to hoard and hide it, so that investments in workforce (wider and deeper) uplift more of those away from the tip of the hierarchy. I would suggest that punishing those that abdicate their proportionally greater pecuniary responsibilities should be a priority, but I don't see the current CEO of America laying himself open to such measures...
I agree with all of this. And while Thesh is a filthy pinko commie wobblehead, we both (probably) agree that society should not reward wealth appropriation, whether that's through rent seeking, tax evasion, or other economic abuses in general. Thesh'd likely agree that wealth creation should be encouraged, if they could ever admit that is indeed possible for individuals to do something that creates wealth far beyond what the average person can do.
From there, the question is how do we set up the welfare system, especially now when we are on the verge of automating so many shit-jobs in the country, and don't have the heart to just turn the people into dogfood. Personally, I believe we should automate the factories as fast as we can, but actually tax the damned things and use the taxes to provide a guaranteed minimum income for every adult, using that to replace most of the welfare system. Extra welfare for provable disabilities, but better programs in place to help disabled get jobs, and more importantly, none of this fucked up nonsense where if you are disabled but get a job you lose all benefits.