Politicians' higher taxes for their "fixes" rarely fix anything. What they do is create more chaos & confusion, needing more "fixes," including rules & regulations, all of which require money, coming from us, in taxes and loss of production/efficiency. Then they take advantage of the chaos and confusion from their complex, so called "solutions" which leave their supporters unclear as to the fact that the problem "solvers," ie the politicians who're promising to make things better, usually make them worse. Along comes another election; press "repeat" button.
Politics 101 (all parties)
1-Exploit crisis that affects constituents.
2-Propose solution to help constituents (that primarily benefits financiers/donors) and win election
3-Enact solution which exacerbates crisis for constituents (while enriching donors/financiers).
4-At election time, return to step 1, repeat.