It's simply a summation of a country's top rates on personal and corporate income, plus value-added taxes and wealth and social welfare taxes.

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An emerging consensus now indicates a rising tide of entrepreneurial activity is a factor that links low tax burdens and improvements in welfare and wealth-creation for those at the bottom.

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But the welfare state does indeed exist in America and that it does redistributes wealth.

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The entire welfare state can, and should be replaced with this one very simple economic tool for keeping wealth inequity fair and balanced.

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