Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: cotton1706
If a foreign nation or company wanted access to the greatest market in the world, they had to pay a price. Sort of an economic cover charge. The money from the tariffs went in to the the Treasury and taxes on the people were low.

But who was really taxed? What other Americans might have lost when trade barriers when up in other countries against our goods? Please get back with me on this.

8 posted on 12/10/2004 8:51:25 PM PST by LowCountryJoe (Many things in moderation, some with conservation, few in immoderation, all because of liberation!)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: LowCountryJoe

Why is a tariff always called a trade barrier?? It is not preventing trade. You may say it is sometimes a disincentive but I'll say it again. We created the greatest market in the world. Why is it somehow immoral to charge people if they want access to it? We had tariffs on certain goods at 40 percent and higher in the 20's and we had prosperity through the roof. The same can be said of the high tariff period from the civil war through the 1893 panic and we had surpluses every year to the point where the congress was trying to figure out how to tax less. And this was before the income tax.

As to who is actually taxed. The same as always, the people who purchase the product. Their cost will be higher because they choose to buy a product made in a foreign country as opposed to one made here. If the foreign product is superior, they'll pay the price for it, and the US Treasury will gain some revenue. This is how we did things before the socialists and their absolute free trade cousins got control of policy.


9 posted on 12/30/2004 12:47:32 PM PST by cotton1706
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson