Monday, December 31, 2012

interest as a time and contract variable tax on capital

in part real in part notional

not necessarily < then operating profit

a tax
  notionally different from its real extraction by actual creditors

the  implicit  equally notional
 non price and quantity governing
 point of systemic steady state 
has a general rate of interest
      that  zeros out all operating profits

this is the goal
of any gosplan 2.0

  a " general system wide tax " on  "capital"

 

implemented thru the total credit funding system
                                               like this general rate of interest