If you earn more you are taxed more. Just remember it's your own money you have to unwillingly give to Govt.

I forgot to mention, you are bound to take expensive home that too on hefty loan, because you are no more financially weaker.

If you earn over 12 Lakh per annum then as per govt you can't apply for PM Awas yojana. So, the people who earn little more than this in a metro city has to live on rent, and they are living in metro because that's where the jobs are. That person will eventually has to opt for Loan and will always be in the rat race. He / she will pay for years just to call that house their home.