Re: [OPE-L] Capital accumulation and transfers

From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Wed Jan 09 2008 - 09:27:44 EST

I think Jurriaan raises some interesting questions -
even if I'm not totally satisfied with his answers.
One concept that is under-recognized by some
Marxists is the importance of the *after-tax
rate of profit* (and after-tax RRI). Once one
recognizes the importance *in practice* of 
after-tax individual rates of profit then one is
better able to comprehend corporate policies
in relation to the state (and forms of 
investment and accounting behavior).
I don't really understand, though, about what
he sees as wrong - on the most abstract level -
with conceiving of taxes paid by corporations
as a deduction from total surplus value and a
transfer of surplus value (a kind of a quasi-rent
paid by capital to the state). Of course, that's 
- by no means - the end of the story.  There
is the question about how state expenditures 
and policies can in turn impact capital accumulation.
And, of course, there's the question about how to
conceive of taxes paid by the working class. For
example, if the *after-tax [disposable] income*
of workers goes down as a consequence of 
increasing taxation,  does this change the VLP
and the class distribution of wealth?
In solidarity, Jerry

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