Whats so bad about higher taxes for the rich?

Nothing, some would prefer to believe that if the wealthy become wealthier, then we will all benefit greatly from it. This idea has been proven wrong many times, and once again it has been proven wrong. During the recession, 88% of total income generated was made in corporate profits, while only 1% was made in wages and salaries. If the wealthy have benefited so much, shouldn't the rest of us also have been prosperous as well? This disparity in total income has been unprecedented in every other recession. The rich keep getting richer, and the rest of us have to "sacrifice" so they can buy that next yacht, or their 4th home.