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Comment by tomrod

2 days ago

Tariffs, unless hyperfocused, are dumb.

2 comments

tomrod

Reply

mothballed  2 days ago

Indeed, but funding the level of government the constitution authorizes, which shouldn't cost more than a couple percent of GDP, their dumb-ness isn't enough to greatly distort the market and meanwhile there is very little additional overhead or intrusion vs other methods of taxation.

  • tomrod  2 days ago

    Consumption taxes are very distortive.

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