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Politics : View from the Center and Left
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To: TigerPaw who wrote (10670)2/2/2006 5:26:39 PM
From: TimF  Read Replies (1) of 541839
 
It would reduce the purely passive receipt of perpetual income. I think that is it's good feature.

I'm not convinced that it is.

And I would have to believe it was a massively great feature in order to support it.

You just keep explaining how this is not the way that things are currently structured or valued.

Not exactly. Or to be specific I am not saying how things are artificially imposed by some system. A public stock corporation is a system, is an artificial creation in a sense. But no one made people create that system. No one has to take their company public. It works that way because it makes sense. As for labor not being capital, and providing labor being different than capital, that isn't some artifact of our current system, but something inherent in the nature of labor and capital. You could take some of the capital and give it to those who labor, but that still wouldn't make labor and capital the same thing, or make the incentives and consequences of providing them the same.

Tim
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