Skip to main content
NEU job vacancy
Who reaps the benefits of taxation: capital or labour?
How is it the very richest pay so little tax while the rest of us are burdened with the cost of our own repression? The MARX MEMORIAL LIBRARY asks what is to be done?
GAZILLIONAIRE: Amazon CEO Jeff Bezos’s company paid £1.7million to HMRC last year; that’s less than 0.0002 per cent of its UK sales

A POPULAR view is that we all benefit, and there’s some truth in that.  

As long as we live in an economy dominated by the market, then taxation (of wages, profits, or capital) will be an essential element in the process of delivering the “social wage” — education and health services, public infrastructure as well as more dubious and contested elements of public expenditure such as “defence.”  

At a more subtle level, it can be maintained that to the extent that (as Marx argued) wages under capitalism always tend to fall to the minimum level required for the social and biological reproduction of labour, then the “costs” of taxation in the last analysis fall on the capitalist rather than on the working class. 

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
NOT THE PEASANTS’ REVOLT: Some well-heeled types make thei
Voices of Scotland / 3 December 2024
3 December 2024
The super-rich falsely claim inheritance tax changes will devastate small farmers, while millionaire landowners continue enjoying numerous tax advantages — why is the SNP supporting this nonsense, asks RICHARD LEONARD
REDISTRIBUTION NOW: Protesters march against austerity measu
Features / 4 November 2024
4 November 2024
In the second of two articles on Labour’s weak Budget, ROBERT GRIFFITHS argues that Britain’s massive private wealth and offshore tax havens show clear potential for radical redistribution through progressive taxation
Features / 3 November 2024
3 November 2024
In the first of two articles, ROBERT GRIFFITHS argues that despite a parliamentary majority, Labour’s timid Budget fails to seize a historic opportunity and lacks the ambition needed to address Britain’s deep social and economic crises
Chancellor of the Exchequer Rachel Reeves makes her keynote
Features / 22 October 2024
22 October 2024
Raising capital gains tax to match income tax is not only economically sound but morally just, potentially raising billions for public services — it’s an absolute no-brainer for any Labour government, argues BERNIE EVANS