Tariffs, Taxes, and Political Power

This chapter examines the disproportionate impact of tariffs imposed by a populist president on poorer Americans, highlighting their regressive nature as a form of taxation. It also critiques the historical shift of tariff authority from Congress to the executive branch, particularly during the Roosevelt era and its implications for contemporary fiscal policies. Additionally, the discussion touches on the political dynamics of tax reforms and the influence of prominent figures on government actions, emphasizing the need for balanced governance.