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Mon Sep 2, 2013, 10:06 AM

Three Moderate Opinions on Labor.

First, if a person is willing to work then society has a responsibility to provide an outlet for his/her efforts and a living wage for his/her production.

Second, if the invisible hand capitalist system does not provide full employment then those with means should be required, through taxation, to fund a government workforce which can fill the gap.

Third, the only equitable means of taxation is on accumulated wealth, not labor.

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Reply Three Moderate Opinions on Labor. (Original post)
last1standing Sep 2013 OP
TheJames Sep 2013 #1
last1standing Sep 2013 #2

Response to last1standing (Original post)

Mon Sep 2, 2013, 01:18 PM

1. There is no "capital", until there is "labor".

Even Joe Kennedy, who "made" the Kennedys rich, made "his" money from the labor of his loaders, etc.

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Response to TheJames (Reply #1)

Mon Sep 2, 2013, 01:25 PM

2. And the labor of his bootleggers. ;)

But you're right, this is not a chicken v. egg situation. Capital cannot exist unless, and until, labor creates it.

That does not mean, however, that capital cannot then be used to extract more production from labor through the use of technology and other efficiencies but labor is still the necessary spark to make the process begin.

Labor is therefore the most important part of the process. Unfortunately, it is also viewed by many with the most disdain.

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