[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link book
Sophisms of the Protectionists

PART II
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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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