Trump is correct, “tariff” is a beautiful word to promote an America First Policy
President Trump is spot on in saying “tariff” is the most beautiful word in the dictionary. Let us recall how our Founder’s used taxes at our borders edge to advance an America First Policy! For an example see:
“…a discount of ten percent on all duties imposed by this Act shall be allowed on such goods, wares, and merchandise as shall be imported in vessels built in the United States, and wholly the property of a citizen or citizens thereof.”
This gave American ship builders a hometown advantage and predictably resulted in America’s ship building industry to flourish and America’s merchant marine to become the most powerful on the face of the planet. Sad to say the last time I visited the docks in New York’s Hell’s Kitchen area where I grew up, I was very saddened that I could no longer read the names on the docked ships as they all seemed to be foreign owned foreign built vessels…an irrefutable sign of America’s decline traceable to the ravages of our international “free trade crowd” and “globalists”
Yes, Trump is absolutely correct that “tariff’ is a beautiful word to those who support an America First policy
JWK
". . . a national revenue must be obtained; but the system must be such a one, that, while it secures to object of revenue, it shall not be oppressive to our constituents . . . " Madison, April 8th, 1789
Raising revenue at our borders edge was Congress’s major source of revenue for decades and led to America becoming enormously prosperous.
In fact, by the year1835 America was manufacturing everything from steam powered ships to clothing spun and woven by powered machinery and the national debt [which included part of the revolutionary war debt] was completely extinguished, and Congress enjoyed a surplus in the federal treasury from tariffs, duties, and customs.
And by an Act of Congress, June 23, 1836, “An Act to regulate the deposits of the public money”, all surplus revenue in excess of $ 5,000,000 was decided to be distributed from our federal treasury to the various states, and eventually a total of $28,000,000 was distributed among the states by the rule of apportionment in the nature of interest free loans, to be recalled, if and when Congress decided to make such a recall.
Yup, there was a time when our elected representatives in Washington not only were obedient to our Constitution but actually worked to make America Great!
Markets most certainly can crash because of tariffs.
Been a ong time since that happened and other thing’s were going on at that time and the tariffs were more . . . (you get the idea)
but yes the idea is a sound one. Tariffs can be deflationary, even so deflationary that they can collapse stock markets.
Schumer standing there with a bottle of Corona was almost as stupid as putting cheese on the frozen burger. And he’s supposed to be a top intellect on the Dems side. I guess they hire by race and gender instead of brains.
Please return it along with your faded and aged AARP cards.
