ext_3561 ([identity profile] naath.livejournal.com) wrote in [personal profile] chess 2012-01-05 05:05 pm (UTC)

This is a problem only where the rate of taxation required to fund the needed welfare is higher than the rate of taxation that brings in the highest possible amount of money (whilst I agree this number exists, I do not agree with any of the ways I have read about for deciding what it might actually *be* and I expect that it varies over time and between cultures in a thoroughly infuriating way).

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