The Great Question

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Excerpt from The Great Question: Free Trade or Tariff Reform? Sixty years have now elapsed since the British Legislature adopted the system of free imports which, despite the exceptions attaching to it, differs so fundamentally from the general fiscal practice of the world that it is commonly and fitly described as "Free Trade." None of the exceptions involves, save by a possible slight accident in the balancing of import (Customs) with excise duties, any element of "protection" to home industries, here a home producer competes with the foreign producer of articles (such as spirits, cocoa, chocolate, etc.) which are taxed for purposes of revenue, the products are as nearly as possible taxed to exactly the same degree. The true fiscal and economic antithesis, strictly speaking, is not between free imports and tariffs, but between protection and non-protection, and taxation of imports solely for revenue and taxation largely for the advantage of certain classes of home producers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.