That's the way that it's SUPPOSED TO WORK - here, too. But we have regressive elites in charge of our Congress, and White House - so now Billionaires get a windfall - and poor folks pick-up the slack and take the hits. And I don't think that we're disagreeing...having more money, signals that you benefited more from our society, than others - less fortunate.
So in essence, you could say that we no longer have, a 'progressive' Tax Code.
But when people say that we can't afford 'nice things' - like healthcare for all, and free tuition at State- run Universities (etc.)... We can point at the WASTE, FRAUD and ABUSE at the Pentagon.