Quote:
Originally posted by Tyrone_Slothrop
You and Blinder are both right. The political impact of what you're saying, IMHO, is that some of the net social benefit created by free trade should be taxed (in the economic sense, but probably also in the usual sense) and used to improve the situation of those who are hurt by free trade. The sad fact, however, is that those who are the strongest advocates of free trade are generally the least interested in identifying ways to make the latter work, and those who have the constituencies who will be hurt by free trade put their energy into trying to block it rather than obtaining this relief.
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I don't quite understand. What is this "net social benefit" that you want to tax?
