To: Old Teufel Hunden
We lived in a different world back then as tariffs was the main source of governmental income as there were no corporate or personal taxes.Do you acknowledge that tariffs actually work to protect industry from moving offshore?
Funny how it was a different world back then until you mention Adam Smith then every thing he said applies to today trade situation perfectly.
101 posted on
08/02/2016 11:02:53 AM PDT by
central_va
(I won't be reconstructed and I do not give a damn.)
To: central_va
"Do you acknowledge that tariffs actually work to protect industry from moving offshore?"
No, I said it was a different world back then. Do you not acknowledge that? We had to have tariffs to raise revenue for the operation of the government back then. How about lowering the corporate tax rate to attract companies to come and stay here?
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