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Why low taxes is not enough
The idea of just keeping taxes low and the economy will do fine is not quite accurate. Capital continues to attract more capital (the rich get richer). Interest drains the benefits of labor over time and Capitalism is biased in favor of capital since there are always more workers than jobs. In addition, technology continuously reduces the labor content of products in the profit making segment of the economy. Our tax policy needs to tax income made by capital at the same rate as income earned by labor and be progressive to return the benefits of technology to all of society in the form of funding for the non-profit making segment of the economy: military, research, education, infrastructure improvements and social justice (law maintenance and enforcement).