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Wouldn't import taxation be a from of protectionism and by its very nature be the antithesis of free trade.
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(shrugs) Makes sense to me. Maybe not to him, though.
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I was thinking something along the lines of a broad-based 2% - a source of operating funds for government with an admitted hint of protectionism, rather than something like a (presumeably narrow, but perhaps not) 10% - a protectionist measure with an added bonus of government revenues. Thank you for pointing out the possible inconsistency tho. (And if you consider even 2% to be protectionist, please feel free to pursue the point, as I'm quite open to learning something and changing my position(s) if appropriate.)
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Further a tax on borrowing is a tax on saving and that doesn’t make sense given the tendency for capital to positively affect productivity.
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As opposed to out current tax on saving, which it would replace?
Thank you again, tho, for the interesting viewpoint, which I hadn't considered before.