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That's how the US got most of its income until 1913, when federal tax income was introduced. But it doesn't work in a real market economy, for many reasons alr
by legohead 2y ago
That's how the US got most of its income until 1913, when federal tax income was introduced.
But it doesn't work in a real market economy, for many reasons already stated. It doesn't just hurt our people but the world economy as a whole.
Tariffs can be good, but you wont find politicians using them correctly. They can be used to protect newly growing businesses from foreign competition - but they are often used in the opposite, protecting large businesses.