"Carrol Cox" <[email protected]> wrote: > Is no one paying any attention to the implications of Tom's post?
> Tom worte: >> As hard as this may be to perceive, the financial wealth of the 1% is, in >> effect, a fiction. It's made up of imaginary titles to things that >> presumably give the wealthy the power to compel everyone else to do their >> bidding. The financial wealth doesn't have to be "spread around amongst the >> lower 99%" to lose its illusory power. ------ > Put more crudely, there is nothing to redistribute! So what is anyone > talking about when they propound on redistribution? There is fictitious wealth such as that created by government bonds, patent law, trademark law, and copyright law. But, the buildings and equipment of going concerns do require labor to replace. Fictitious wealth does result in an income to those that hold it. So there is plenty to redistribute, but it's going to take considerable effort to do so in a reasonable manner. The goal of minimizing the proportion of surplus value taken from workers is probably a better approach. Some surplus value needs to be used for government functions, education, medical care, and retirement. And more needs to be used to improve productivity. Of course, less surplus value should be used for wars that destroy other countries. -- Ron
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
