Which political ideology do you most identify with?
Precisely the same logic is used for taxation, and fixing surplus value theft fixes taxes entirely,…
While I myself have much to say about the matter, this article from the Mises Institute does such an admirable job of debunking your position that I will quote them, at length, to kick off this discussion.
To counter this argument, one must strike at its root: the labor theory of value. An underappreciated essay that provides a satisfying debunking of the labor theory is “Das Kapital: A Criticism,” penned in 1884 by British philosopher and economist Philip Wicksteed.
Use Value and Exchange Value
In Das Kapital, and other works, Marx wrestled with what he determined to be two different types of value of a good: use value and exchange value.
Marx described use value as the measure of needs-satisfaction of a good to its user; in other words, its usefulness. But as Marx evaluated the historic transition of economic systems from mostly production for use by the producer himself to widespread systems of production for exchange, he identified what he believed to be a second, and distinct, value of goods: exchange value.
Goods that were produced for the purpose of exchange Marx labeled commodities.
Commodities being exchanged for each other, Marx reasoned, must have some inherent quality making them of "equal" value. It is this supposed equal value that causes them to be traded. In a barter economy, for example, if a pair of shoes is traded for three pounds of beef, the shoes must have an underlying value equal to the three pounds of beef, Marx argued.
Similarly, in a monetary economy, the common measure among different commodities manifests itself in their purchase price. If a dozen apples sells for the same price as a hat, for instance, Marx made the case that there is some common unit of measurement inherent to both goods, causing them to sell at the same price. Or if a new suit sold for the same price as, say, five shovels, then one shovel must be equivalent to one-fifth of a suit.
In short, Marx made the case that commodities that are exchanged are both not identical, meaning they have different physi… Read more
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Marxists have had literally over a century to rebut that kind of claim, which makes thousands of misunderstandings about what Marxists think about economics. For starters, Marxists do not always think they’re entitled to every cent of what they produce, they believe they’re entitled to what HAPPENS to it as the capitalist has a monopoly of that power to control it.
Marxists do not debate that a company needs to make a turnover profit using the money taken from surplus value, which is different than the price, but believe that this is why this kind of system or mode of production… Read more