8/8
8/8
7/8
7/8
6/8
6/8
5/8
5/8
4/8
4/8
3/8
3/8
2/8
2/8
8/8
8/8
Bottom line: Tariffs aren't just another tax. They distort consumption, reduce productivity, slow capital accumulation, and invite wasteful lobbying, breaking all optimal taxation principles simultaneously.
7/8
Bottom line: Tariffs aren't just another tax. They distort consumption, reduce productivity, slow capital accumulation, and invite wasteful lobbying, breaking all optimal taxation principles simultaneously.
7/8
Rent-seeking costs compound everything. Protected industries spend resources lobbying to maintain tariffs instead of improving efficiency. This deadweight loss (the "Tullock rectangle") often exceeds traditional estimates.
6/8
Rent-seeking costs compound everything. Protected industries spend resources lobbying to maintain tariffs instead of improving efficiency. This deadweight loss (the "Tullock rectangle") often exceeds traditional estimates.
6/8
The capital accumulation problem: Tariffs on productive equipment (think imported machinery) slow growth. It's like taxing the ladders that make workers more productive—everyone loses over time.
5/8
The capital accumulation problem: Tariffs on productive equipment (think imported machinery) slow growth. It's like taxing the ladders that make workers more productive—everyone loses over time.
5/8
4/8
4/8
3/8
3/8
2/8
2/8
2/2
2/2