[PEN-L:4846] assets tax

[Robert Peter Burns <rburns@xxxxxxxxxxxxx>]

In Schweickart's book the capital assets tax
REPLACES interest <and of course, there are
no capitalists to worry about since means of production
are socially owned in S's model>.  Just having an assets
tax in a capitalist economy, however, IN ADDITION to
interest, might well lead to strategic bashing
of the working class, and capital flight.

Still, I am sympathetic to an assets tax, perhaps set
at a modest rate initially, being instituted even within a
capitalist framework.  It would be a useful
place to start on the way to full socialization
of capital, and an important site of consciousness-
raising class struggle.  It may even have some
of the benefits described by Dale Thornton.

Cheers,

Peter Burns SJ