Offers an explanation for the widespread reduction in marginal tax rates that is founded on the growing competitiveness of governments that can be attributed to the expanding mobility of world resources. Argues that modern technological developments have increased the elasticity of demand for...

The United States has become to a considerable extent a redistrib- utive society. The taxing power of the state continues to be used to transfer massive amounts of purchasing power from those who earn their keep to those relatively few who are truly in need and to those relatively many who are...