HKB
1 passages · search this phrase →
Often appears with: trade, markets, and merchants · taxation, tribute, and revenue · smuggling incentives · monopoly duties · custom-house warehousing
Usually: argument (1) · skepticism (1)
He claims many taxes on foreign manufactures exist to grant monopolies and protect home merchants, and that lowering taxes when revenue falls can reduce smuggling while better administration can increase smuggling difficulty.
monopoly, or to give our own merchants an advantage in the home market. By removing all prohibitions, and by subjecting all foreign manufactures to such moderate taxes, as it was found from experience, afforded upon each article the greatest revenue to the public, our own workmen might still have a considerable advantage in the home market; and many articles, some of which at present aff…