The Forgotten Man, and Other EssaysSumner, William Graham
Science
The Forgotten Man, and Other Essays
Sumner, William Graham
Economics; Social sciences
27. If, now, it were possible to devise a scheme of legislation which
should, according to protectionist ideas, be just the right jacket of
taxation to fit this country to-day, _how long would it fit_? Not a
week. Here are certain millions of people on three and a half million
square miles of land. Every day new lines of communication are opened,
new discoveries made, new inventions produced, new processes applied,
and the consequence is that the industrial system is in constant
flux and change. How, if a correct system of protective taxes was a
practicable thing at any given moment, could Congress keep up with
the changes and readaptations which would be required? The notion is
preposterous, and it is a monstrous thing, even on the protectionist
hypothesis, that we are living under a protective system which was set
up in 1864. The weekly tariff decisions by the treasury department may
be regarded as the constant attempts that are required to fit that
old system to present circumstances, and, as it is not possible that
new fabrics, new compounds, and new processes should find a place in
schedules which were made twenty years before they were invented, those
decisions carry with them the fate of scores of new industries which
figure in no census, and are taken into account by no congressman.
Therefore, even if we believed that the protective doctrine was sound
and that some protective system was beneficial, and that the one which
we have was the right one when it was made, we should be driven to the
conclusion that one which is twenty years old is sure to be injurious
to-day.
28. There is nothing then in the legislative machinery by which the
tariff is to be made which is calculated to win the confidence of a
man of sense, but everything to the contrary; and the experiments
of such legislation which have been made have produced nothing but
warnings against the device. Instead of offering any reasonable ground
for belief that our errors will be corrected and our productive powers
increased, an examination of the tariff as a piece of legislation
offers to us nothing but a burden, which must cripple any economic
power which we have.
(_C_) EXAMINATION OF THE MEANS PROPOSED, _viz._, TAXES.
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