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To: Sam Gamgee
By the way, you pointed to Carnegie and Vanderbilt. Do you have any idea how high the import tariffs were in this country when they built their empires?

History of tariffs in the U.S.

Our founding fathers viewed import tariffs as a tax on foreigners wanting to do business in our market. Right now, the import tariff on average is only about 1%. Far less than the taxes paid by a domestic producer. So we are actually incenting off-shoring. Imports should at least be burdened with the same tax load as domestic producers, and I think imports should bear the total cost of supporting the unemployed. And that's the minimum tariffs that should be appllied.

Founding Father's original tax plan

15 posted on 02/23/2015 12:14:28 PM PST by DannyTN
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To: DannyTN

I guess I now see where the appeal of Pat Buchanan came from. I thought protectionism among conservatives went the way of the dinosaur. The question is how is protecting producers are the expense of consumers fair?


18 posted on 02/24/2015 3:17:01 PM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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