=+5. The country of Marxland has the following income tax and social insurance system. Each citizens income
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=+5. The country of Marxland has the following income tax and social insurance system. Each citizen’s income is taxed at an average tax rate of 100%. A social insurance system then provides transfers to each citizen such that each citizen’s after-tax income is exactly equal. That is, each citizen gets (through a government transfer payment) an
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