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1 " The justification of capitalism is not that the economy grows faster than it grows under any other system ... not that the goods pour forth. The justification of capitalism is that it is the only economic system consistent with the requirements of man's rational nature, that it protects man's rights and leaves each individual free to act ... based on nothing but his own uncoerced, rational judgment. That is the human mode of survival; that is what man's nature requires of him if he is to live on earth. The abundance of a capitalist economy is a consequence of its coherence with man's rational nature. "
2 " Does the flat tax work?...The flat tax works in a country that is a former Communist state, with no investment capital, and low wage rates, which needs to build a capitalist economy from a base of approximately zero. The flat tax works if people are willing to pay a 20% sales tax on everything they buy to make up for lower revenue. The flat tax works if employers are willing to pay 34%, or more, in Social Security taxes for every employee they hire. The flat tax works in a country where almost everyone has the same amount of wealth so there's no need for the distributive effect of graduated rates. And if all these conditions are met, the flat-rate tax will probably work as long as the economy is on a path of steady growth. "
3 " The key thing about wealth in a capitalist economy is that it reproduces itself and usually earns a positive net return. "
