No, taxation is what give value to money. More of it or less of it depends on the size and direction of the economy, and nothing else. Only if taxation is out of sync with the economy would it be a pain. This is true in both capitalism and socialism.
Henry C.K. Liu
From: Robert Williams <vic93@xxxxxxxxxxxx>
A more open definition other than "The economy" equals "A Market". would let you see beyond the Classical dead endmarket = economy. Polanyi considered taxation a part of the Transaction Mode he named Redistribution.
Yes. Taxation is like physical pain. Sometimes we desire more of it sometimes we desire less of it.
Harry Veeder
- Re: Why Heterodox are subject to be losers., (continued)
- Re: Why Heterodox are subject to be losers., Bill Mitchell Mon 10 Mar 2003, 01:48 GMT
- Re: Why Heterodox are subject to be losers., Warren Mosler Mon 10 Mar 2003, 15:49 GMT
- Re: Starting Point, Robert Williams Sat 15 Mar 2003, 15:36 GMT
- Re: Starting Point, Harry Veeder Sat 15 Mar 2003, 18:51 GMT
- Re: Starting Point, Henry C.K. Liu Sat 15 Mar 2003, 18:57 GMT
- Re: Starting Point, Gary Santos Mon 17 Mar 2003, 00:30 GMT
- Re: Starting Point, Warren Mosler Mon 17 Mar 2003, 14:51 GMT
- Re: Starting Point, Warren Mosler Mon 17 Mar 2003, 00:29 GMT
- Re: Why Heterodox are subject to be losers., Warren Mosler Mon 10 Mar 2003, 15:26 GMT