The worst thing about Cain's 9-9-9 plan is the huge underground economy that will spring up after the 9% sales tax goes into place. In my state a 9% federal sales tax on top of the state sales tax will crash the remaining economy until illegal underground retailing takes over. Has anyone else noticed that part of Cain's 9-9-9 plan is the defunding of Social Security? He told Lawrence O'Donnall that the working poor will be better off because they will no longer pay the payroll tax.
The sooner those people die the better, I believe is the goal of the republican party. Do they (the republican party) even realize how many conservatives who vote republican depend on those social services that have been driven down their throats??
This guy has a lot to say about Cain's Tax Plan At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cains tax plan stands out as exceptionally ill conceived. more here: http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/?pagemode=print Cain's fall from grace will be faster than a speeding bullet.
This guy has a lot to say about Cain's Tax Plan At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cains tax plan stands out as exceptionally ill conceived. more here: http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/?pagemode=print Cain's fall from grace will be faster than a speeding bullet.
This guy has a lot to say about Cain's Tax Plan At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cains tax plan stands out as exceptionally ill conceived. more here: http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/?pagemode=print Cain's fall from grace will be faster than a speeding bullet.
This guy has a lot to say about Cain's Tax Plan At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cains tax plan stands out as exceptionally ill conceived. more here: http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/?pagemode=print Cain's fall from grace will be faster than a speeding bullet.
"The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth" This is the republican plan in a nut shell, or should I say, in the shell game. Democrats want to keep feeding a dead cow, blocking the road and republicans want it to stay dead, block traffic, and draw flies. Either way it's a win/win for the rich/elites.
I think when Americans have time to think about Cains's tax plan he will fall from grace faster than a speeding bullet. I am just blown away that he thinks he can pull off this silly con job.. He's NOT that bright.
Simplification doesn't always mean best. The problem is the government has been screwed up for so long, there is no quick fix. If the people would actually hold their elected officials accountable/responsible, criminally, not just at the election box. Nothing will change until the government stops playing favorites/cronyism, which means stop manipulating the economy for a chosen fews interest but for the good of all (basically the oath of office requirements), and eliminating the corporate owned political parties through real election reform. These things would go a long way to fixing our economy, and empowering the citizens.
Medicaid Healthcare benefits etc... basically any program dealing with the useless elderly eaters as Ted Turner put it.
"Don't blame [me], don't blame [others], if you don't have a [clue] and you're not [understanding], blame yourself!" -Herman Cain
We are discussing the 9-9-9 tax scheme. You quoted Cain that the analysis was incorrect, so what part of the analysis is incorrect? 　 　 The quote above has nothing to do with 9-9-9. Did the other quote have nothing to do with 9-9-9 either??
Of course, both quotes have everything to do with Cain's 9-9-9 plan. Just using Cain logic here, if you don't understand it, blame yourself. If you haven't figured it out by now, I'm just messin' with ya. Of course, that doesn't mean there isn't a valid point behind my shenanigans. -Meta
So you think he is a blithering idiot? 　 If you say so but I wasn't going to go there, and was actually hoping someone, anyone could explain how this tax scheme had any merit. Evidently wishful thinking on my part.
I compiled ten articles from around the net that gives 9-9-9 a fairly thorough look... Click here for the list...
AH, finally an honest Tea Partier. Your vision of future America: Calcutta, where the old and weak die on the street and we walk over their prostrate bodies. I hope conservatives all are as honest as you and take this to the electorate.
I know one thing about it...it will save the rich a TON of taxes. With the elimination of capital gains taxes, the reduction of their income tax to 9% and considering they spend a far smaller percent of their incomes on purchases then lower classes (for the 9% national sales tax)...their tax bills should go WAY down. And since theirs are going down...someone's has to go up to make up for it. And that's going to be the middle/lower classes.
We wouldn't want that now would we? We wouldn't want them to put that money towards better use now would we? Like expanding, hiring? Investing, donations, and research...nah "F" the rich, right?
For the record, I believe everyone should be taxed the same (other then the very poor). There should be one income tax rate for everyone (above say $5,000 or so) and capital gains tax rates should be the same as income tax rates - with no separate long and short term rates. And no deductions except for charitable contributions (I TOTALLY agree with Cain's plan on this point). And eliminate corporate taxes. And no national sales tax.
Well I just knew this would show up sooner or later. I think this was bluffington host that started this one, right? Ahhh yes the looney left...TAKE IT AWAY! God forbid they should have to think for themselves....
