There has been a lot of talk lately about using corporate taxes to fund social services like healthcare. Can we? And if so, how much can we skim off the top before damaging the economy? The answer may be “no,” and “nothing.”
Socialist thinkers put a lot of stock in the notion of “excess profits.” Meaning, by Marx’s definition, profits above the prevailing interest rate on money loans. The theory is, those excess profits could go to better use, rather than lining some rich guy’s pockets.
But let’s consider the entrepreneur’s perspective on things.Read more