BronG

Protectionism and tariffs are things that nightmares are made for the destitute pleb masses. This is true if you are living in a mixed economy under a government claiming to be capitalistic, socialistic, communistic, all three, or some blend thereof. There's a slight difference, however, as in theory in both socialism and communism the tax revenue pulled via tariffs would go back to the people in the form of reimbursement that can be seen in a nation's social welfare programs like education, healthcare, housing, etc... The truth, however, is usually much different on the ground, and the ...