4 ms·

Tariffs, unless hyperfocused, are dumb.

• mothballed 1y ago
  Indeed, but funding the level of government the constitution authorizes, which shouldn't cost more than a couple percent of GDP, their dumb-ness isn't enough to greatly distort the market and meanwhile there is very little additional overhead or intrusion vs other methods of taxation.
  • tomrod 1y ago
    Consumption taxes are very distortive.