4 ms·

Slightly introspect for me then, why doesn’t LVT make sense?

• cercatrova 4y ago
  Read my parent comment. Labor does not equal value by how most people define it. If I can labor for a task that people don't find valuable, like rolling a rock uphill, that means people intuitively feel some sort of subjective theory of value that's not connected simply to how hard someone worked. Hence, LTV does not make sense and we must find a different theory of value. Now, you can disagree that capitalism is not such a theory, but you ought to be able to agree that LTV ain't it, chief.
  • eutropia 4y ago
    You haven't said anything about land, only about labor, so your sentence does not follow. You’ve made a case for why labor inputs might not be directly related to market price, but that says exactly zero about land?
    • cercatrova 4y ago
      Why are you talking about land? This thread is about the labor theory of value, LTV. Are you talking about the land value tax, LVT? Those are two very different things.