Some Basic Marxist Concepts to Help Understand Income Tax
Posted by John, September 25th, 2015 - under Income tax, Journal Jurisprudence, Marx.
Mark Konza, Deputy Commissioner of Taxation, told the Australian Financial Review Tax Reform Summit that ‘in 40 years of tax work he had not heard references to Marx…’ (Neil Chenoweth, ‘Equity sore point in foreign investment’ AFR Wednesday 23 September page 4.) Well Mark, you are in luck. My article, Some Basic Marxist Concepts to Help Understand Income Tax, has literally just been published online in the Journal Jurisprudence.
I hope you enjoy reading it.
Comment from Brian
Time September 25, 2015 at 10:37 am
Ok , so profit is a surplus that must be shared with everyone.
I remember having a discussion with a Uni mate on Marx views.
lets just say I’m a teacher in a high school and I say we are going to follow the Marx teachings for your grades.
So, any one who got an A or B in their exam, will down be down graded to a C as the higher mark is just profit to be shared.
Now the students who got a D or F will automatically get a C.
Later that year, when the exams were done again, everyone failed. The D and F students thought I don’t need to work, I’ll get a pass anyway. The A and B students said why work, if I do nothing I’ll get a C pass anyway and I am penalised if I work harder.
So, socialism is a self fulfilling prophecy aimed at the lowest common denominator.
Unless there is an incentive to work (apart from prison or death) no one will achieve more than the minimum.
We NEED profit to find drugs to help the ill, we NEED profit to pay for public servants, we NEED profit to pay for our standard of living.
We NEED profit so people can work harder for the benefit of society.
Just as Hitler, Charles Mason and Pol Pot has his followers, so does Marx, that does not make him right