1. The numerator of the TMNP is the sum of the profits distributed by the enterprises over the period considered.
Obliging enterprises to distribute all of their profits after employee profit-sharing , while subjecting these profits to tax only from those who received them, makes the numerator of the TMNP known for tax purposes.
2. The denominator of the TMNP is the sum of the exploited capital of enterprises at the beginning of the period considered.
Above, the arguments in proposals 5.7, 5.10 and 6.6 include a definition of the concept of exploited capital. The publication of the TMNP assumes that the normalization of the rate of profit on capital is established, by means of the base 100 which constitutes the exploited capital.
3. What does a commercial enterprise do when it distributes all its profits year after year?
It gives each of its shareholders the power to make individual decisions on the allocation – or lack of allocation – of more or less than their full share of the profit from the purchase of new shares. While putting itself in a position to raise its capitalization rate more quickly, and then to keep it high, it contributes to providing the social body, via savers who invest in capital, a greater role in the management of the economic system.
4. In both economics and politics, the general interest is that of the social body.
In the principles whose application makes this interest prevail in economics are the following two.
5. A market economy where the key rates are profit-on-capital Taux_de_Profit_sur_Capital increases the economic power of the social body.
Compared to this model, financialization Financiarisation at key interest ratesInterest set by the central bank reduces the economic power of society.