The people making over $200k/year need to pay a LOT more tax than they do now. Especially in the locations with high home prices.
No we fucking don't.
I don't like to pay taxes either. In fact, I don't think anyone likes to pay taxes. I'm just saying this is the easiest and fastest way to fix a broke housing market. Because the only way everyone can have equal access to an artificial high price market is to reduce the disparity of after tax disposable buying power. Then when the high wage earners can't bid a house so high the price will come down to a reasonable level again.
If you are in the high income camp, would you rather pay high taxes and still have all the infrastructure that has to be done by low income people? Or would you rather have low taxes and live in an area with high crime, extreme squalor and people pooping everywhere? I would vote the former instead of the latter however you might feel differently. Especially if you only viewed the city as your work and planned to move out after making some cash.
But the biggest point is that it would be something everyone gets to vote for or against. That's not the case with the fed.