Taxing the rich more is not the answer. It only takes looking into the economy and tax codes of countries like Sweden to see that this doesn't work. I had a long conversation with a Swedish native, and I found out that there is almost no drive or reason for anyone to become a doctor, for instance, because of the taxation. After they are taxed so much, they make as much as someone with a mediocre blue collar job.
We have to maintain proportionality. However, I do believe repealing the Federal Income Tax would be appropriate. It was orginally meant to be a temporary taxation to fund the last big War. Too many banks got rich, the goverment saw funding for other projects, and it stayed. Of course, we must have taxation, but the income tax should go. It is legally a 'voluntary' tax, from which, you can 'unvolunteer'; but, you might rue the day you ever attempted, because the government can rake you over coals for trying.
If the F.I.T. were repealed, there would need to be counter balances. Too many people with too much discretionary income can cause inflation, and we all know that this is a vicious circle of events for an economy. What to do? Well, I'm not an economist, but, I think placing higher taxes on more goods would help balance things, especially luxury items.
More income because of the cancellation of the F.I.T., balanced by higher taxation on medium to luxury goods is a very good start I believe. If I keep writing here, we can get into the particulars more later.