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Whatever the real numbers are, YES taxes will need to increase in order to level the playing field (including "middle class Americans" who had more income than wealth and are struggling in this recession) and invest in social programs.
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I don't mean to be disrespectful, but there are many of us out here in American who don't believe this is a good thing. Because people are created equal does not mean they do with their lives and assets what they could. If they don't end up equal at the middle or the end of their lives, it's not the government's place to play Robin Hood.
To me, this statement spells socialism, and I want no part of it. Would I be helped by it? Probably. But it feels dishonest.