Taxation based on Surplus Value

What would an economy that taxes expropriated surplus value instead of traditional profit calculations look like? Would a change like this hinder technological advancement by making it less profitable or would it encourage automation by artificially inflating the cost of labor? Would this be an effective tax subsidy for a worker coop where the distribution of a surplus is handled democratically as opposed to a capitalist enterprise? Would a change like this facilitate the transformation of vertically developed capitalist institutions into horizontally configured cooperatives?

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  • Nicholas Anderson
    published this page in Ask Prof. Wolff 2018-01-30 20:38:47 -0500