Ping..............
Well written, and more importantly, it is succinct.
Something of a rarity these days.
PING for folks to read, copy and share
Alcohol taxes were huge. In 1900, they accounted for something like 30 to 40% of federal tax revenue.
Therefore, before you could have prohibition, first you had to have a replacement for the alcohol tax.
And that replacement was the income tax.
The prohibitionists were fully aware of this, and they were one of the main forces (maybe the main force) behind the income tax Constitutional amendment.
Most of the immediate foreign retaliation against Smoot Hawley fell on the American agricultural sector. This set off a chain reaction of failing banks all across the country. Some of the worst effects weren’t even intentional retaliation. With reduced sales of manufactured goods to America, the Europeans didn’t have dollars with witch to buy American farm produce. Money had to be real back then. You couldn’t just write some numbers in a ledger like they do now.
BTTT
I totally agree with repealing the 16th Amendment. The U.S. government only gets about half of its revenues from the income tax and over half of what it is doing is unconstitutional. So, it’s basically a wash.
Please read my Federalist Letters to Corporate America from 2015 on my blog site: https://backyardfence.wordpress.com/federalist-letters-to-corporate-ameria/
It’s only 8 letters and can be read in about 20-30 minutes. They are a bit of a tough read, but I think worth the time.
I also recommend repealing the 17th Amendment and revoking the House rule limiting membership to 435. The logic, history, plan and strategy to accomplish these 3 things against the will of the Congress that has been benefiting from these corruptions of our Constitution is all included.
bkmk
And then the crash.
Coolidge cuts taxes and spending, and we have the Roaring Twenties. Hoover comes in and undoes that, and we get a depression — which Hoover’s successor made longer and deeper.
Some selective tariffs appear to be necessary
now
in order to get fairer trade in place...
and yes, some jobs for American workers
I agree that general tariffs on everything.. would be a bad idea, at least until such time as there are jobs for all Americans who want them (President DJT is on the right track, he has gotten a good number of jobs restored already....let’s let him work his deals awhile longer... he’s winning for us....so far...)
The 16th amendment is not going to be repealed. And I’m not interested in having more expensive consumer goods on top of other taxes.
Might be reaching out on a limb here bit pretty sure Jeff Davis and the Sons of the Founders would have let me keep my cash.
Yet another great post, thank you.