The Federal Republic of Rainbow Vests is a titanic, cultured nation, ruled by an Taoiseach with an even hand, and notable for its daily referendums, multi-spousal wedding ceremonies, and irreverence towards religion. The compassionate, democratic population of 16.261 billion Rainbow Vestsians have some civil rights, but not too many, enjoy the freedom to spend their money however they like, to a point, and take part in free and open elections, although not too often.

The large government juggles the competing demands of Education, Healthcare, and Industry. It meets to discuss matters of state in the capital city of The Pale. The average income tax rate is 74.9%, and even higher for the wealthy.

The frighteningly efficient Rainbow Vestsian economy, worth a remarkable 1,721 trillion Quid a year, is quite specialized and mostly made up of the Information Technology industry, with significant contributions from Tourism, Book Publishing, and Furniture Restoration. State-owned companies are reasonably common. Average income is an impressive 105,869 Quid, and distributed extremely evenly, with little difference between the richest and poorest citizens.

Out-of-work actors say they can't complain, An Taoiseach's campaign events reach their climax when the celebrity endorsers reveal themselves, Rainbow Vestsian husbands are dead good at fathering kids, and the nation's most "productive" diamond mine hasn't been operational for seven months. Crime, especially youth-related, is totally unknown. Rainbow Vests's national animal is the Sheep, which frolics freely in the nation's many lush forests, and its national religion is ignostism.

Rainbow Vests is ranked 281,458^th in the world and 3,670^th in The East Pacific for Lowest Overall Tax Burden, scoring -88.28 on the Hayek Index.