This is but a new wording of the last Sophism. The demand made is, that
the foreign article should be taxed, in order to neutralize the effects
of the tax, which weighs down national produce. It is still then but the
question of equalizing the facilities of production. We have but to say
that the tax is an artificial obstacle, which has exactly the same
effect as a natural obstacle, i.e. the increasing of the price. If this
increase is so great that there is more loss in producing the article in
question than in attracting it from foreign parts by the production of
an equivalent value, let it alone. Individual interest will soon learn
to choose the lesser of two evils. I might refer the reader to the
preceding demonstration for an answer to this Sophism; but it is one
which recurs so often in the complaints and the petitions, I had almost
said the demands, of the protectionist school, that it deserves a
special discussion.
If the tax in question should be one of a special kind, directed against
fixed articles of production, I agree that it is perfectly reasonable
that foreign produce should be subjected to it. For instance, it would
be absurd to free foreign salt from impost duty; not that in an
economical point of view France would lose any thing by it; on the
contrary, whatever may be said, principles are invariable, and France
would gain by it, as she must always gain by avoiding an obstacle
whether natural or artificial. But here the obstacle has been raised
with a fiscal object. It is necessary that this end should be attained;
and if foreign salt were to be sold in our market free from duty, the
treasury would not receive its revenue, and would be obliged to seek it
from some thing else. There would be evident inconsistency in creating
an obstacle with a given object, and then avoiding the attainment of
that object. It would have been better at once to seek what was needed
in the other impost without taxing French salt. Such are the
circumstances under which I would allow upon any foreign article a duty,
_not protecting_ but fiscal.
But the supposition that a nation, because it is subjected to heavier
imposts than those of another neighboring nation, should protect itself
by tariffs against the competition of its rival, is a Sophism, which it
is now my purpose to attack.
Public-domain text, read in full here on John Shaqi.
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