No, you are just nuts. A few posts ago, you admitted that the cotton planters did not pay any tax and that they didn’t even sell the cotton to the Europeans, the cotton factors did. You also agreed that the cotton factors were mostly Northern banks. It was those same banks that financed the importation of goods into the United States and thereby paid the Federal tariffs. And you agree that the vast majority of those imports were in Northern ports and were sold to Northern citizens. But somehow you insist that the South paid 72% of Federal taxes. Like I said, you are nuts. Really nuts.
And you don't seem to grasp the fact all that money gets cut off with secession. The North was *STILL LOSING THE MONEY*.
Which is why they wanted a war.
It was those same banks that financed the importation of goods into the United States and thereby paid the Federal tariffs.
If you think the "banks" were paying Federal tariffs, you don't know how that industry works either.
And you agree that the vast majority of those imports were in Northern ports and were sold to Northern citizens.
I don't agree. The destination of those products cannot be known simply from the fact they were shipped to New York where the tariff was collected.
The *VALUE* came from the South. That *VALUE* gets cut off with secession. That *VALUE* is why the North would not let the South go in peace.
But somehow you insist that the South paid 72% of Federal taxes.
Produced. They produced 72% of the Federal revenue, meaning that without them, that Federal revenue disappears.
The government still loses that 72% of their income stream.
The North likely loses that 500 million per year trade with the South much of which only existed because of protectionist laws forcing the South to buy from the North.
As an independent nation, they could spend all that 500 million per year in Europe if they wanted.
The North stood to lose 700 million per year in revenue from their economy.
And that's why there was a war. The North absolutely did not give a sh*t about slaves. It was that money they didn't want to lose.
You clearly don't understand how the economy worked. The South produced the cash crops that were exported. The North serviced those crops in the form of factors, insurers, bankers and shippers and ship builders. The goods were gathered on packet ships, handled through warehouses in NYC, then shipped across the Atlantic to European markets. The Southerners who produced and owned the cotton contracted with Northern shippers to do so. They had to pay insurance, the fee for use of the ships, the crews' wages, etc. If you know anything about shipping, the last thing you ever want to do is have them sail empty - that just costs money and delivers no value in return.
So the ships that had been contracted to sail to Europe were then filled with manufactured goods made in Europe after the cotton had been sold. These manufactured goods were what was then hit with the tariff. The Southern owners of those goods paid the tariff - not the port where they landed. So no, the ships arriving in NYC does not mean NYC is generating all that economic activity. Nor does it mean NYC or even the North is buying all those manufactured goods. Just like the Cotton, the goods were then trans shipped up and down the cost and via inland waterways to everywhere. The exporters WERE the importers. They paid the tariff because they were the owners of the goods.....in the exact same way that WalMart and Target pay the tariff on every shipload of Chinese goods that arrives in Long Beach, California - not the port of Long Beach.
Factors? They were just middlemen. Banks? They charged a fee for lending money for business ventures then just as they do now. They didn't pay any of the tariff on the goods. That was up to the owners of the goods to pay. That's why all those newspapers and all those observers at the time said that Southerners were paying the tariff. ITs because they were.