Excellent analysis Bert, and I would only add one little tiny quibble: which is that countries don’t compete as “one entity” on the world stage: individuals and companies compete, so a country’s competitiveness is very elusive to define. So not only is the whole world involved, but billions of entities are involved, not merely dozens or maybe hundreds.
This just makes it way too complicated for anyone to “manage” by way of central planning, and excessive taxation, be it tariffs or dometsic taxation, is a centrally planned way of picking winners and losers.
Ha, Ha...... you are of course precisely correct.
I find some humor in the irony that one of my core beliefs is “Companies don’t do business. People do business”
Corporations hate the republic and are ALWAYS in favor of the Federal over the States and globalism over the Federal. One world order types can KMA.