The Boston Tea Party

What was Boston Tea Party was all about? History books in high school and grade school will teach you this: "The Boston Tea Party was a protest against taxes from the crown".   Cowpie.

The Boston Tea Party, when you look at it historically accurately, is quite interesting:

The Boston tea Party was a protest against a TAX CUT for the East India Trading Company. We all remember learning something about this company. Basically, it was the biggest multinational company of the time (1773). What happened is this: American colonists were happily growing tea, selling it, and making a living. The East India Trading Company saw a market here, and petitioned the King to cut their taxes.

The King complied, and cut the taxes for the rich enough for the EITC to have a good enough margin that they could import the tea directly from China and sell it cheap enough to control the market. Well, the working man didn't like that very much, so they dressed up, got into one of those EITC ships, and dumped the tea.

Remember: The Boston Tea Party was a protest on tax cuts to the rich, and outsourcing to China.