Should it apply?
Let's take a look at one opinion, from a well known politician, commenting on a letter he received from a highly paid executive;
"He wrote me in support of the tax plan, because he said, 'I am legally able to take advantage of the present tax code, nothing dishonest, doing what the law prescribes, and wind up paying a smaller […] tax than my secretary pays.' And he wrote me the letter to tell me he'd like to come to Washington and testify before Congress as to how that's possible for him to do and why it is wrong."
Which Socialist President said it? Here he is, reading off his Teleprompter: Web Link
Americans have supported a progressive tax system since 1912, in the 16th amendment. All the great Presidents have also supported it. It has worked to make America great, and it's inherent fairness still works.