In theory: would worldwide asymptotic taxing and a universal hatred for people or countries who attempt to misuse government funds (and therefore place sanctions on them, kinda like we did to Russia) help income inequality problems greatly?

I know this is SUPER out there, but what if we just… taxed people in a way wherein they always get to keep a proportion of their income, but that proportion gets smaller and smaller as they make more and more money infinitely?

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I understand this is highly theoretical, but if that sort of system was implemented in every country, and people *really* disdained others who attempted to misuse tax money and fucked over their countries wholesale as retaliation with sanctions, wouldn't there be a lot more to go around?

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I understand that the counterplay to this would involve using Monero to hide income, but that could only get so far across a distributed network of employees, it'd get found out in practice every time if a company had x amount of employees or more.

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So if every country beefed up their tax auditing departments and equipped them with the latest technology, this problem would be solved, no?