Where did anybody say tax the lower 50% more? You are making up your own straw man.
Apparently you now reluctantly accept the upper 1%,5% and 10% do indeed pay “disproportionally” heavy. Good for you. Shield the wealth? As you just admitted they already are overtaxed.
You miss the entire main point. Spend less. I will repeat that -spend less.
Obama has taken the absurd overspending by Bush and then doubled that. He is personally responsible for more debt than all the other presidents from Washington on, including Bush, combined. Obama>50% of total debt (Nov 2012)
You seem to not understand. If we confiscated all the wealth, ALL the wealth of the upper 1% we will still go broke. We must cut spending.