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Refuted all of this already. This isn’t 1787. Hamilton, while brilliant for his time, is obsolete in the 21st century. Which is why no economist on the planet agrees with you.No one has suggested a tariff as our only means of raising a federal revenue. Take some time and study what has been posted before making absurd comments.
Aside from that, in the OP I gave an example of our Founder's using duties to encourage our domestic ship building industry.
Section 5:
“…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
When every single expert on planet earth tells you that you are wrong, it’s time for you to look in the mirror.