I think minimal taxes equals a night-watchman state with high social tensions and in the end, wealth being accumulated by the few lucky individuals. Higher taxes can be used to distribute some of the wealth for the poor. I'm not talking about full-scale socialism. But I understand this kind of idea is probably not very popular in the US where there's still a culture of a mythical self-made success even though it's being made almost impossible for the poor people of the society. Money is being printed out as much as it's being needed so it's not really about lack of funds to have a few social programs for the poor. But the current situation, "the central banking socialism", where the printed money is being given straight to the top 1% and then others have to get by on what's left is totally unsustainable. But it's done on purpose, to destroy the system completely from inside to take control of everything.
Make them start their own business for instance or start looking for a job? You have to give them means to support themselves, the rod not the fish.Well I agree with this for now but how about when robots and automation owned by few companies and individuals make most of the jobs obsolete?
For example:
Self-driving trucks: what's the future for America's 3.5 million truckers?
https://www.theguardian.com/technology/2016/jun/17/self-driving-trucks-impact-on-drivers-jobs-us
If people can't afford the things that robots make and do, then companies will fail because nobody buys their products. The robots will go down with the companies.
Before the companies go down, people will get on welfare because they are not earning the money because robots all have the jobs. Prices on everything will come down, because robots, once set up, can manufacture and do everything free, including making and repairing themselves.
After this there will be no incentive for anyone to be wealthy, because money won't be needed any longer. People will get everything free, from the robots. The robots do everything for free because (if they are not AI) they will have no incentive to ask for pay.
