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Often appears with: trade, markets, and merchants · taxation, tribute, and revenue · tariff effects on manufacturing · smuggling incentives · import duties as revenue
Usually: argument (1) · indignation (1)
Hamilton warns that limiting federal taxation to narrow objects like import duties would create unequal burdens, encourage smuggling, distort industry through excessive tariffs, and leave importing states and merchants bearing unfair costs.
imposition laid upon it. The merchant, especially in a country of small commercial capital, is often under a necessity of keeping prices down in order to a more expeditious sale. The maxim that the consumer is the payer, is so much oftener true than the reverse of the proposition, that it is far more equitable that the duties on imports should go into a common stock, than that they should redound to the exclusive be…