[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link bookSophisms of the Protectionists PART II 114/174
Let us see your tariff. -- Here it is: Section First.
All imports shall pay an _ad valorem_ tax of five per cent. -- Even _raw materials_? -- Unless they are _worthless_. -- But they all have value, much or little. -- Then they will pay much or little. -- How can our manufactories compete with foreign ones which have these _raw materials_ free? -- The expenses of the State being certain, if we close this source of revenue, we must open another; this will not diminish the relative inferiority of our manufactories, and there will be one bureau more to organize and pay. -- That is true; I reasoned as if the tax was to be annulled, not changed.
I will reflect on this.
What is your second section? -- Section Second.
All exports shall pay an _ad valorem_ tax of five per cent. -- Merciful Heavens, Mr.Utopist! You will certainly be stoned, and, if it comes to that, I will throw the first one. -- We agreed that the majority were enlightened. -- Enlightened! Can you claim that an export duty is not onerous? -- All taxes are onerous, but this is less so than others. -- The carnival justifies many eccentricities.
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