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It can also increase levels of tax evasion.
The current living wage – £7.85 outside London – is calculated assuming current levels of tax credits.
"Many economies with high levels of tax and redistribution are highly competitive.
There are two levels of tax collection in Moldova national and local.
Most recently, criticising companies for paying low levels of tax in the UK and attacking the actions of payday lenders.
They argued that "many people were now far more worried by the problems of unemployment than by levels of tax".
The former two insist on paying un-Machiavellian levels of tax, properly reflective of their significant income.
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Having regained control of their economic future, countries can then set the levels of taxes and agree the regulations needed to fund and facilitate this transition.
He said that paying fair levels of taxes was important to support health, education and transport services, and was part of "responsible capitalism".
The crippling levels of taxes in Europe, and the acceptance that the rich won't pay them, is the modern society we live in.
These interest obligations require either higher levels of taxes, with possibly adverse effects on the economy, or reduced expenditures for other purposes.
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