Working so hard like a soldier
Can't afford a thing on TV
Deep in my heart I'm a warrior
Can't get food for the kid, good God
--Eddy Grant
Productivity improves when producers narrow their task portfolios and produce specialized output. Prosperity improves when that specialized output trades freely.
Taxes on any aspect of the process:
production (income tax)
consumption (sales, excise tax)
trade (tariff)
...amounts to a tax on prosperity.
If you oppose a particular tax, such as tariffs, but are ok with other taxes, such as income tax, then you should examine your train of logic.
Or your political motives.
Wednesday, September 4, 2019
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