Note: This solution changes based on viewport size and not the amount of content
I just found out that this is possible using VW units. They're the units associated with setting the viewport width. There are some drawbacks, such as lack of legacy browser support, but this is definitely something to seriously consider using. Plus you can still provide fallbacks for older browsers like so:
p {
font-size: 30px;
font-size: 3.5vw;
}
http://css-tricks.com/viewport-sized-typography/ and https://medium.com/design-ux/66bddb327bb1