The problem I see is that the US can't use this system since the government will obviously keep spending more than people can afford. After all we know obviously how the taxes is just to fund the wealth gap. The rich get richer while the middle class and everyone else gets poorer.
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There will always be poor and rich. There will be a great divide between them. Fortunately, there is also a pathway for those in the poor ranks to move up to the rich ranks. It's not an unconquerable divide. I wouldn't say taxes are just to fund the wealth gap, but I do recognize your right to think that. You are right about the US keeping on spending more than what people can afford or what they actually pay in taxes, though...