> We are colletively at a breaking point as a society where people legitimately can't afford to exist in a society

Aren't poverty rates being reduced basically everywhere and people getting richer across all deciles? The truth is that even if 90% tax rate was enforceable it would not change much - many problems plaguing societies right now are due to bad legislation and NIMBYs, with housing being the prime example. Somehow people want at same time: more houses, cheaper housing and as little new housing development as possible.