Archive for May 12th, 2008
The Second Law of Taxes: Misery cannot be destroyed or created merely displaced
That seems to be the central message of REAL economics. In a world of mobile capital and immobile labour this is all the more the case.
In response all I can say is this:
There is always the problem that those who control the means of production can, within limits, pass on the misery to those who don’t. Sounds dogmatic I know. But I have always experienced the effects of power as a kind of dogma.
