Posted by MarkB_MI on June 23, 2018 at 16:58:56 from (174.230.8.240):
In Reply to: TRADE WARS posted by Al Baker(pumpman) on June 23, 2018 at 10:15:27:
In theory, if protective tariffs work, the government does not collect them. The whole point is to raise the prices of imported products to the point that they can no longer compete with domestic products. Foreign products that can't compete with domestic goods are never imported and hence generate no tax revenue. Note that protective tariffs are quite different from revenue tariffs, which are collected to generate revenue for the government, not to discourage imports.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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