The $15,000 Subsidy vs. the $3 Tax: Friedman on Protectionism's Politics
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The $15,000 Subsidy vs. the $3 Tax: Friedman on Protectionism's Politics
Milton Friedman poses the question directly: Would you travel to Washington and lobby your congressman to avoid paying an extra $3 in taxes? Probably not. Would you fight to preserve a $15,000 annual benefit? Absolutely. That's the political reality behind trade protection.
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