if adam smith was here today, which would he say is worse for an economy: high income taxes or high tariffs? nostr:note13wmvmhq95azvt7kwrvv6htryapurprzy5fddwy5532de42fxeq4qk6qexa
Discussion
Why.. every cou try is robbing USA because of the deals democrats have done. We need American made stuff here again or do want to continue to make CHINA rich
Adam Smith’s critique would address marcantilism’s reliance on government intervention which creates artificial suppression of the “invisible hand” of the market. This increases inefficiency and reduces innovation + competition. Shorthand would be a short term increase in win/lose deals vs win/win deals, and long term a problem with misallocation of resources.
100% high income tax
That is the worst of the worst