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I am a firm socialist and I believe that a state must help the lower rung of society
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But it's not the state that is helping the lower rungs of society, it is the lower rungs of society who are helping themselves. Obviously in most societies a majority of the population are not millionaires so in a democracy the poorer (and therefore majority) will vote what's best for them (as anyone does) and the wealthy does not have a say in how much money is forcibly removed from them.
I'm not saying I support a complete anarchy but to pay for the essentials a government really only needs to tax a flat rate of 10 - 15%