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Governments are taxing: salaries paid to employees, sales of products and services, profits made by the company, dividends paid and capital gains. Also the gre

by nickpp 3y ago

Governments are taxing: salaries paid to employees, sales of products and services, profits made by the company, dividends paid and capital gains. Also the great majority of value created by a company is captured by the society in improved productivity, products and services. Only a small part is retained by the capital owners. Finally, these days anybody can easily become an evil capitalist with just a few bucks and a smartphone app, and anybody with a pension plan already is.

dontlaugh 3y ago
And? Per-employee profits are far higher than salaries or taxes, yet the source for both is value produced by the worker's labour. Somehow you're ignoring the majority of what is stolen by capitalists from workers, yet focus on a minor side-effect.
- nickpp 3y ago
  Oh, the old Labor Theory of Value. It's been debunked over and over again.
- qwytw 3y ago
  > Per-employee profits are far higher than salaries or taxes, I don't think that assumption at all holds true for the majority of businesses. Even an extremely profitable tech company like Google "only" has a gross margin of around 28%.
  - dontlaugh 3y ago
    That's ignoring other value extracted by the capitalist class, like "salaries" for capitalists that do no work (like CEOs), anything spent on the board of directors, value extracted indirectly via the stock market, etc. It's also for a very narrow portion of the global economy, where workers are paid particularly well.
    - qwytw 3y ago
      > for capitalists that do no work (like CEOs) I mean... sure. They still pay taxes on their income. > value extracted indirectly via the stock market, etc. Like how? > It's also for a very narrow portion of the global economy, where workers are paid particularly well. You misunderstood me, I cited Google as an example of a company which is relatively close what you're saying (high margins, a relatively high proportion of value goes direct to share-holders). Most companies which have high numbers of workers are less profitable that it. Anyway this is pointless. Do you have any data?

by nickpp 3y ago

dontlaugh 3y ago

And? Per-employee profits are far higher than salaries or taxes, yet the source for both is value produced by the worker's labour. Somehow you're ignoring the majority of what is stolen by capitalists from workers, yet focus on a minor side-effect.

nickpp 3y ago
Oh, the old Labor Theory of Value. It's been debunked over and over again.
qwytw 3y ago
> Per-employee profits are far higher than salaries or taxes, I don't think that assumption at all holds true for the majority of businesses. Even an extremely profitable tech company like Google "only" has a gross margin of around 28%.
- dontlaugh 3y ago
  That's ignoring other value extracted by the capitalist class, like "salaries" for capitalists that do no work (like CEOs), anything spent on the board of directors, value extracted indirectly via the stock market, etc. It's also for a very narrow portion of the global economy, where workers are paid particularly well.
  - qwytw 3y ago
    > for capitalists that do no work (like CEOs) I mean... sure. They still pay taxes on their income. > value extracted indirectly via the stock market, etc. Like how? > It's also for a very narrow portion of the global economy, where workers are paid particularly well. You misunderstood me, I cited Google as an example of a company which is relatively close what you're saying (high margins, a relatively high proportion of value goes direct to share-holders). Most companies which have high numbers of workers are less profitable that it. Anyway this is pointless. Do you have any data?