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.
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.