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Politics : View from the Center and Left
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To: TigerPaw who wrote (10942)2/6/2006 3:24:53 PM
From: TimF  Read Replies (1) of 541559
 
When you get back to the original contributions, one in capital and one in labor, you find that the capitalist has a choice. He can contribute as a loan or an investement. The laboror really has no choice, his input is considered immediate and transitory no matter how much he must redirect his future to actually contribute well.

The laborer can work on one job or another. Once he gets his paycheck he can loan or invest it. If he has enough to support him without going using up any of the paycheck he could even loan or invest 100% of the paycheck. Similarly the investor can sell his whole investment and consume the value right away. If they both acted this way the laborer would have an ongoing investment with possible interest, dividends and/or capital gains going on indefinitely while the former investor would only have cash that doesn't appreciate.

Cash or an investment as compensation are not different in any moral terms, or as a matter of fairness because one can be turned in to the other very quickly. If the laborer was not allowed to buy stock, or the investor was not allowed to sell than you might have a point, but either can do either action at a moments notice. Just as fish can be traded for silver or silver for fish.

Tim
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