Monday, June 07, 2010

The moral issue on tariffs

How did tariffs on foreign imports become merely an economic issue rejecting the moral issue, as the Founding Fathers meant it to be?

Years ago Holmes Alexander pointed out that the Constitution is primarily moral. Tariffs protect much more than manufacturers, labor is protected, and our way of life is protected. Low wage foreign labor can—and has-- dispossessed Americans of their jobs.

Economic invasion is not unlike warlike invasion, and it is the task of the Federal Government to stop it. This is morality, not economics. Abolishing tariffs was like abolishing military defense, it let the world have its way with us. Cheap goods are produced in China or Mexico with virtually slave labor, this eventually reduces our way of life to the bare subsistence level, if we allow present trends to continue.

Alexander Hamilton perhaps couldn't even imagine the immorality of American globalists investing in foreign corporations to become personally rich by destroying American manufacturing and American jobs.

Hamilton's remedy was to have the Federal government become no bigger than it could be supported by taxing imports. That was virtually the only source of income for the Feds. The states would collect their own taxes. “Free trade” was meant to be within the union between states.

No comments:

Post a Comment