America, though one of the greatest nations in history, nonetheless defaults here. The premise of capitalism rests on sub-clauses which cannot be flaunted, namely the welfare of society with the poor, aged and sick - these have to be accounted for in all cases. The rate of taxes must cater to the welfare of these sectors, otherwise you end up with a bad society and culture.
The onus of welfare is well advocated in writings of the Hebrew bible as mandatory, such as half shekel cumpulsory taxes and thanksgiving sacrifices - these are for the less fortunate in the society. America has failed in this instant. Greed is not good, Gordan Greko; giving is good.