what about a corporation whose business is rental real estate that includes improvements to the land?
max > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED]]On Behalf Of Eric Nilsson > Sent: Tuesday, June 04, 2002 5:23 PM > To: [EMAIL PROTECTED] > Subject: [PEN-L:26570] RE: RE: Estimating Surplus > > > Max wrote, > >I would say net interest paid (not personal interest received) > > and rent belong too. > > I'm not sure about rent as my concern is with surplus generated within an > economic relationship involving wage labor (i.e. capitalism). > > The rental income in NIPA is for PERSONS (except for those who are part of > the real estate industry) and a large part of it is imputed rental income > that homeowners (pay themselves?) for living in their own houses. > Some of it > is payments for copyrights, patents, etc, but not too much I think. > > If you rent out your house to someone else this is unlikely to involve > capitalist wage labor. You might earn income from ownership of capital (a > house) but this isn't capitalist profit. > > Of course, I'm not entirely sure whether net interest payments should be > included as profit from lending something scarce (money) need not > be profit > from capitalist activities. But I haven't quite figured this out yet. > > Eric > . > > > >
