US Edition29 thoughts on Liberation Day and the fallout
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29 thoughts on Liberation Day and the fallout
Countries have relied on tariffs for hundreds if not thousands of years as a major source of revenue, long predating the income and consumption taxes that are the revenue workhorses of states in the 20th and 21st centuries. This is primarily because the logistics of taxing trade at a fixed number of ports are much simpler than modern revenue methods. Convincing people to pay higher taxes is hard; one argument you could muster in favor of high ta…
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