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.