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.


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