Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
A Fifty-Percent Tariff and the Old Art of Robbing Peter Quietly
A bruising tariff on Canadian goods parades as patriotism, but its true triumph is to tax the many for the comfort of the few while calling the injury a victory.
When a government announces a fifty‑percent duty on a wide range of imports from its nearest neighbour, it does not merely wave a flag; it alters a price. Hockey equipment and bottles of drink may appear trivial matters of fashion or conviviality, yet to raise their price by half is to command that resources, on both sides of the border, be withdrawn from the employments where they are most valued and driven into those where they are merely tolerated. In such measures the theatre is all noise and banners, but the substance is silent arithmetic: more dear goods, more wasteful industry, and a smaller real reward for the ordinary workman’s toil.
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