It not only makes it possible for the protected interest to exist at the expense of other interests which consume, but by this operation the government obtains revenue which is an indirect tax gathered from those who are compelled to pay the advanced prices which the levying of duties implies.
Victoria C. Woodhull: “It not only makes it possible for the protected interest to exist at the expense of other interests which consume, but…”
Editor's note · Context
Woodhull explains how protective tariffs create indirect taxes that burden consumers.
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The chief value, then, of an intimate knowledge of the past is, that from it the future may be foreseen, and that the lesson it teaches may assist in the formation of aids to the natural order of things.
In this way, labor may hope to arise from its present position of degradation to sit side by side with capital in all public and profitable positions and those of honor and trust.
With its destruction the lives of two great political parties passed away, and left the people with no distinct lines of demarkation.
It is this species of corruption that is becoming a stench in the nostrils of all those whose patriotism is more than pocket deep.