What so many detractors of Cain's plan fail to realize, is that it's politically impossible for Congress to raise a tax rate that affects EVERYONE.
Are you talking about something like the “Temporary Victory Tax” of 1942 levied upon individual’s net incomes to fund the war effort, and is still very much in effect to this very day? As I recall it started off with something like a 2 or 3 percent rate.
As to the sales tax which you seem to favor, it is self evident that such a tax is the darling of depots and political schemers who dream of a tax which may constantly be increased in such small increments, say a quarter of a percent at a time “to feed the starving children” which would avoid significant outcry, that the proverbial frog [the American Taxpayer} will eventually be cooked before attempting its escape.
JWK
No, I'm talking about a tax which is levied against every income earning American, at precisely the same percentage. You can't prove to me that any modern day congress has the courage to raise the rate on such a tax.
As to the sales tax which you seem to favor, it is self evident that such a tax is the darling of depots and political schemers who dream of a tax which may constantly be increased in such small increments
What despots fund their government through a consumption tax (not a VAT)?
Again, as with the case of the flat 9% income tax, a consumption tax would also be politically impossible to touch, because it affects EVERYONE, equally. That is a level of transparency that's been purposely engineered out of our current tax law.
Our current tax regime is the stuff of demons and despots. It's been constantly tinkered with, to the detriment of the productive class in this country. Fix your weapon on the real enemy, friend.