Government's Duty As viewed by the Founding Fathers, government has certain responsibilities. First and foremost is the obligation to provide an environment that enables individuals to achieve their highest potential, in terms of their contributions to society and in terms of the rewards they receive for those contributions. Low taxes make it easier for people to provide for their own needs by letting them keep their hard-earned income. Free markets help maximize output, and thus earnings, by providing vital information about the value of goods and services. Markets are free when government is limited and individuals are primarily responsible for their own needs.
Property rights protect the accumulation of assets from confiscation.
Without such rights, individuals would have little incentive to create wealth. A stable currency is needed to provide reliable information about transactions and to prevent government from usurping resources by devaluing the currency. In recent decades, government has obviously failed in its obligation to provide an economic environment in which individuals can achieve independence and assume responsibility. High tax rates, the seemingly unconstrained growth in government, interference with markets, a withering away of property rights, and persistent inflation have placed substantial barriers in the way of achieving independence. As the ability of individuals to provide for their own needs is eroded, economic, moral, and cultural deterioration accelerate.