Monopolies -- United States; Railroads and state -- United States
As we have before remarked, the settled plan for raising revenue for the
support of the general government, is by import duties. By common
consent this plan has been accepted as the most feasible. While we have
been following this method from the organization of our government, by
legislation we have been making war upon foreign commerce, by imposing
tariffs for the protection and government of domestic manufactures. By
congressional enactment, we determine that we will support the
government by the collection of duties levied upon foreign imports; and
then we levy high rates of duties for the purpose of prohibiting these
foreign imports, and for building up and protecting home manufactures.
Under the present tariff, but for the fact that our own manufacturers
take advantage of the high rate of duties, and advance the price of
their own products, to the extent of the duty, foreign importations
would cease, and some other means would have to be adopted to supply the
revenue needed by the government. The only benefit thus far resulting
from our present high tariff is the enriching of a few men by the
imposition of unjust and unequal burdens upon the farming and producing
classes. It might be pertinent to inquire whether there is any justice
in any kind of tariff. All are bound to contribute their _pro rata_
share for the support of the government. In theory the property of the
country is taxed for this purpose. Such a system of taxation is just and
equitable, because it is uniform; the property of each individual pays
its _pro rata_ share, and the burden is equally divided. As we have
already shown, revenue derived from tariffs is a tax upon the labor of
the citizen, and not on the wealth or property of the country. The poor
man, the man who depends entirely upon his daily labor for the support
of himself and family, pays as much for the support of the government as
the man of immense wealth. His daily toil, considered in the light of
its value to the government, is taken as equivalent to the $500,000 of
the rich man. The industry and not the wealth of the country is made to
support the government when the revenue is derived from import duties.
No one will deny the right of the general government to provide for its
own support, nor its right to provide means to this end by the levy of
import duties; yet the wisdom of these duties does not so clearly
appear. The reader will have noticed that this method of raising revenue
operates unequally; that it gives to American manufacturers an absolute
monopoly of business; that the only reason why imports do not cease is
because the prices of American fabrics have been arbitrarily raised to
the highest point allowable without permitting the importer to undersell
the home-made article. The manufacturers, under the statute, having a
complete monopoly, are not slow in availing themselves of it, and, as a
natural result, the whole country is compelled to contribute to their
support.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account