I am a Perry supporter convert. I love Cain’s 9-9-9 plan. He has indicated that this is a stepping stone in his plan to implement a fair tax (moving from our current system to a fair tax cannot be completed in a single step, and I agree). I think his plan puts skin in the game from every citizen, which is certainly not the case now. I like it, and I like Cain a little more every day.
Implementing a VAT tax for the first time is moving toward a fair tax??
Have you seen this thread? I was wondering if the 9 9 9 plan works in combination with the Chilean plan that Cain talks about.
http://www.freerepublic.com/focus/news/2789970/posts?page=12
The first problem is that it doesn’t get rid of the income tax. In fact, it adds a new tax — a national sales tax — on top of the income tax. Cain clearly intends that eventually the income tax will be eliminated. But what’s to guarantee that outcome?
Love it all you want, but what guarantees that the income tax will be eliminated? or even lowered?