Wyatt earp
Diamond Member
- Apr 21, 2012
- 69,975
- 16,396
- Thread starter
- #81
Again you history ignorant moron that's how our nation got its start for the first 100 years
God damn you are stupid, how the duck did the U. S. Government get revenue?
There was no income tax, they got it from fucking tariffs
Tariffs in United States history
For general information on tariffs, see Tariff.
Graph: Share of tariff revenues in U.S. Federal budget.
Tariffs in United States history have played important roles in trade policy, political debates and the nation'seconomic history. The main goal of the tariff was money to pay the federal budget.[citation needed] Controversy arose over whether manufacturing interests were favored and consumer interests hurt by high tariffs. The 1st United States Congress, wanting a straightforward tax that was not too onerous and easy to collect, passed theTariff Act of 1789. Treasury agents collected the tariff before goods could be landed, and what became the Coast Guard prevented smuggling. Tariffs were the largest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports.
We don't consider taxes--tariffs-- in this country anymore. Trump is proposing tariff's on Foreign goods, not taxes. They've never worked. A 35% penalty on a new ford truck would be passed onto the American consumer, making foreign made cars even more appealing to American consumers. Both are dead on arrival.
SMOOT-HAWLEY
"The dutiable tariff level (this does not include duty-free imports—see Tariff levels below) under the act was the second highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.[3] Most economists view the Act, and the ensuing retaliatory tariffs by America's trading partners, as responsible for reducing American exports and imports by more than half.[4] The extent of Smoot-Hawley's negative effect on the Depression-era economy remains debated by economists. According to Ben Bernanke, "Economists still agree that Smoot-Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and length of the global Depression."[5] Alfred E. Eckes argues, however, that the tariff had little effect on the severity of the Great Depression,[6] while Douglas A. Irwin in The Review of Economics and Statistics argued it was only a small portion.[7]"
What do we have now common core history?
Again asshole...you claim not a single job was created by tariffs in this country..
So explain to us how did the federal government get paid, how did the military get paid?
Considering we didn't start a federal income tax till 1913
Did they get paid with Dixie dust and unicorn farts?
God are you ignorant its not even funny.
.
Look "lil" Einstein, I just gave you a verifiable link to what economists, and Federal Reserve chiefs have stated about tariffs. I don't give a rats ass if you want to call them taxes or tariffs. THEY DON'T FUCKING WORK, AND THEY DON'T CREATE JOBS--THEY ARE A JOB KILLER.
Any 1/2 brain can figure out that if we "tax or tariff foreign goods, then China or any other will tax or tariff American goods. This is what has happened in the past. Then it goes into a trade war. The cost of the product skyrocket's--meaning American are paying more for those products, taking more out of their pockets, which always results in massive job layoffs.
Read it 100 times if you have too dumbass.
SMOOT--HAWLEY
The dutiable tariff level (this does not include duty-free imports—see Tariff levels below) under the act was the second highest in the U.S. in 100 years, exceeded by a small margin by the Tariff of 1828.[3] Most economists view the Act, and the ensuing retaliatory tariffs by America's trading partners, as responsible for reducing American exports and imports by more than half.[4] The extent of Smoot-Hawley's negative effect on the Depression-era economy remains debated by economists. According to Ben Bernanke, "Economists still agree that Smoot-Hawley and the ensuing tariff wars were highly counterproductive and contributed to the depth and length of the global Depression."
Smoot–Hawley Tariff Act - Wikipedia
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Don't try to change the goal post
Mr Common core history moron..
Again you claimed not a single job was created by Tariffs on two separate threads..
So here is my history lesson for you since your Union history teacher wouldn't know history if it slapped her in the face..
For the last time The United States of America was built on tariffs till the late 1800s , then in 1913 the Federal income tax was started.
Comprehend? No more I have to see you lying in future threads?
And btw I know trade wars and tariffs don't work in the 20th and 21st century because I am not a damn liberal...
Trump is the liberal In republican clothing.
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