In executing this power by levying a tariff of duties for…
“In executing this power by levying a tariff of duties for the support of Government, the raising of revenue should be the object and protection the incident. To reverse this principle and make protection the object and revenue the incident would be to inflict manifest injustice upon all other than the protected interests.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The primary purpose of tariffs should be to fund government, with protection as a secondary effect; reversing this leads to unfairness.
In simple terms: Tariffs first fund government, then protect; swapping roles is unjust.
Key Takeaway
Prioritize revenue over protection.
Themes
economics
government policy
trade
justice
fairness
Mood
analytical
critical
Type
policy
economic
When to use this quote
- budget planning
- legislative drafting
- trade negotiations
- policy analysis
Key Concepts
tariff theory
public finance
protectionism
Questions to Reflect On
- How would changing tariff priorities affect domestic industries?
- What balance should be struck between revenue and protection?
A Different Perspective
May ignore strategic industry needs and domestic economic impacts.