Tax credits, the living wage, and the minimum income guarantee
The mere existence of tax credits demonstrates that this reproduction problem pushes towards a solution breaking free of the wage-labour form itself, a solution whose final appearance depends on the degree to which money ceases to be the primary medium of the circulation of labour and its products, a degree which increases the greater the not-for-profit (NFP) sector in the economy. In the context of attacks on the living wage the extra-Labour left should leave arguments over tax credits and the living wage to the reformists, and should instead raise the minimum income guarantee as a concrete demand- a manifesto pledge for a socialist party standing candidates in bourgeois elections.