@Frank Apisa,
How do you achieve a "more equitable distribution of income" and what are the side effects of doing so? These are not simple matters,
Right now we have an increasingly modified capitalist system in which you get to keep what you earn, but are made to pay taxes to support pensions and medical care for the elderly, and pay income taxes at a progressive rate schedule on all income (i.e. those who earn more pay at a higher rate than those who earn less.. In addition those earning little get tax rebates from the earned income credit and various other programs that subsidize the relatively poor including food stamps and Medicaid. etc.
If you don't like the resulting "distributiuon", how would you "redistribute it? Who would do the redistributing and how would decisions be made about who pays and who receives? The stakes are high here and wars have been fought over such matters.
What would be the resulting effects on the behavior of those involved? To what extent would otherwise capable workers just drop out of the workforce or work less? To what extent would otherwise economically creative & productive people create and achieve less? These are significant questions in that we have seen many socialist systems that simply drifted down to uniform poverty and significantly restrained the freedom opf their people in the process. In short getting this element of the problem right has historically proven to be very difficult - far more failures than successes.
Saying achieving a more equitable distribution is a good deal easier than actually doing it. Consider for example the fiascoes associated with just the rollout of Obamacare, much less the still unfolding long term effects on the supply of hospitals and medical practitioners. Once the normal market forces are broken down, some authority ends up having to regulate nearly every aspect of the process, and so far the track record of our government is pretty dismal in this area. Bureaucratization, corruption, fraud and a significantly reduced supply of the regulated commodity or services are the normal results. The usual consequences are increased poverty and reduced individual freedom.