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To: Rebel2016

The founding fathers put in high import tariffs and they served us well for 180 years. Reducing them was a major mistake that resulted in high unemployment, industry loss, and real wage stagnation.


15 posted on 12/07/2016 8:11:49 PM PST by DannyTN
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To: DannyTN

The tariff was not designed for protection in the early part of the 1800’s. It was designed to raise revenue. Protection versus revenue tariffs. A really effective protective tariff raises little or no revenue.

The tariff revenue was a principle source of revenue for the federal government for a good part of the early 1800’s. And we paid off the national debt sometime in the early 1830s as I recall.


26 posted on 12/07/2016 8:20:24 PM PST by Maine Mariner
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