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A brief essay discards the notion that automation was the main reason Americans lost jobs in manufacturing. Many jobs were exported without automation at home. Chapter 1 points out that reducing income tax helps stimulate the economy while taxing through tariffs makes up the difference in tax revenue to help pay off the debt. It is a push/pull relationship. Tariffs protect industry; income taxes do not. I mention Antony Davies¿ YouTube video showing how raising and lowering income tax rates is essentially nullified in practice as far as tax rates on the rich are concerned. Chapter 2 stresses the importance that the advantages and disadvantages of tariffs be fairly spread through the commonwealth. It suggests that local government be given a direct taxation delegated power to make the tariff as beneficial as possible for local communities.
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