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And as to the Marxist Chicken Littles in the audience, I ask you: How is this point of view different from our current system of progressive income tax rates? Those with more, contribute more, and those with less, contribute less. As a point of view, not as a statistical reality to four decimal places.
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I think the distinction lies in the way that system is balanced/weighted. Though it is progressive, it is not progressive enough (for myself, as a Marxist Chicken Little). I personally favour a more distributive approach to taxation.
It's also about intent. Is the intent just to bring in enough revenue to run the country (with the allowance made for differencnes in income and therefore percentage of the burden), or is the intent to try and bring about a more equitable society?
Obviously, I realise that not everyone agrees that this would be the effect of redistributive taxation, or even that this is something that should be 'socially engineered' in that way.