"As Paine put it in the latter work, since God has provided the earth and the land upon it as a collective endowment for humanity, those who have come to possess the land as private property owe the dispossessed an annual rent for it. Specifically, Paine delineated a limited redistribution of income by way of a tax on landed wealth and property. The funds collected were to provide both grants for young people to get started in life and pensions for the elderly."
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Social democracy
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