Recap:

Earlier this year, U.S. News released their Social Purpose ranking of countries considered “the most progressive, inclusive, and being committed to social justice.”  Here are the Top Ten countries on their list:

  1. Canada

  2. Denmark

  3. New Zealand

  4. Sweden

  5. Netherlands

  6. Norway

  7. Finland

  8. Australia

  9. Switzerland

  10. Austria

So how do these countries fund their welfare states? With high and broad-based taxes. Check it out:

And this is okay, provided the tax systems are designed to provide a fairly reliable stream of revenue and don't undermine innovation, entrepreneurship, and economic growth.