• cavalier973's Avatar
    07-02-2017, 04:07 PM
    Protective Tariffs are a form of government interference with the market, which increases inefficiencies and results in wasted resources. A protective tariff is also a form of corporate welfare, similar (in kind, if not degree) to the ACA's mandate that everyone purchase health insurance. The protective tariff is also a violation of an individual's right to dispose of the product of his labor in the way he deems best. Discussion of such a tariff, I think, should be coupled with the discussion of govt subsidies to domestic firms, which cause the same problems. Imposing a tariff to "remedy" the problems that arise from other government interventions and taxes is a suboptimal action. It only adds to the problems. A low revenue tariff as a replacement for the income tax would be a beneficial change, I think. Government policies and legislation that restrict outsourcing of jobs is a violation of property rights, and also--as a form of government intervention--create inefficiencies in the economy. Labor is an economic resource, and government intervention to keep labor prices high create the same problems that keeping the price of lumber, or apples, or technical equipment high does. Passing laws to prevent outsourcing is a situation of the govt handing you crutches after it had broken your legs (through interventions like licensing and the minimum wage).
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