Re: Re: Re: neomercantilism, trade

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

At 07:51 PM 08/27/2001 -0700, you wrote:
> If a tariff is a tax then what were really seeing is a global shifting
> of the tax burden away from capitalists, but states have yet to seek
> compensatory increases in taxes on wages or other income.

since when are tariffs taxes on capital's income? they raise the price of
imports, helping domestic producers, which includes both employers &
workers. (This is why protectionism is often a reason for cross-class
alliances.) They only way they hurt domestic capital is by limiting capital
mobility (what's the point of producing with low wages & environmental
restrictions in the maquiladora if the cost advantage is lost to the tariff?).

Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~JDevine