Posted on 10/13/2011 3:53:13 PM PDT by TLittlefella
Art Laffer endorsed 999. Just saying
Art doesn’t hold an economic candle to tlittlefella.
/sarc
Well, what would one expect from a neophyte...
Yep, forget about Paul Ryan and Art Laffer.
As they say, so goes tlittlefella...
40% of the cost of everything you buy, from a home to a car to a toothbrush is tax upon tax upon tax. When the GNP is 10 trillion dollars and the government spends 4 trillion dollars ...where do you think the 4 trillion comes from?
Buy a car? 40% of the cost is layers of taxes assessed on the earnings of everyone involved from the guys that dug the ore out of the ground to the guy attaching the windshield.
People like you need to get a clue.
The same person who currently collects sales tax for your illicit crack cocaine transactions.
If you don’t know the details of the plan as you have just admittted to everyone then how can you call it a terrible plan?
Back to the drawing board for you. Sheeze...
I don’t think that Cain’s 9-9-9 plan is the center of the attraction for Cain supporters. I think that it’s more the fact that Cain came into this race with a plan and stands by it without waivering, through all the criticism.
If the 9-9-9 plan is unworkable, it won’t pass Congress, but it will force Congress to take a serious look at reforming the tax code.
The draw for Cain is that people think that he is trustworthy. Something they haven’t seen in a politician for a very long time.
We are 13 months away from the election.
The Hermanator is introducing general principles and sparking a debate on whether that is the right direction to go in.
That is exactly what we should be doing now. The parallel you are trying to draw to Obamacare is stupid.
I believe I read the 999 plan doesn’t count used items as taxable. Or maybe I just dreamt it.
Yeah! Cain is a ‘neophyte’!
The real answer is a stuttering, corrupt, imbecilic, ‘expert’ from Texas who can’t string 3 words together into a coherent sentence.
Unfortunately, the only thing Rick Perry seems to be well trained in is taking a great debut and frittering it away into a race with Jon Huntsman for 1%.
Exactly right. I have issues with 9-9-9 myself. I still like Cain though.
I like Cain. But is his 9% sales tax on top of my 7% local sales tax? That’s 17% on everything I purchase...
BS !
Cain's proposal is at least a serious attempt to do away with the abomination which is our Federal Tax Code. I think I, nearing retirement, would come out behind. If that's the case, so be it. The country, going forward, would be better off. If we all stick to a "What's in it for me" attitude, we'll never escape the Welfare State the establishment has foisted upon us.
ML/NJ
Don’t tell me. Tell TLittlefella.
The “9-9-9” plan is a proposal, not a full-scale legislative bill ready for submission to the US Congress.
It would take years, and a considerable change in attitudes, before this or any similar plan may be accepted by the legislative branch. So far, we have “think tank” appraisal of the merits and flaws of this proposal, and nothing is set in stone.
Before ANY taxation scheme is ever agreed to, a Balanced Budget Act resulting in an amendment to the US Constitution has to be in place. As of now, there is nothing that prevents Congress from making an end run around this or any other tax proposal, and raising or modifying it on a simple majority vote. Requiring a two-thirds concurrence of BOTH Houses of Congress, and Presidential approval, tends to make any changes to the level of spending or assessment of new taxes compliant to a much higher threshhold.
Time we were talking about spreading the burden of supporting the government widely enough so EVERYBODY has “skin in the game”. Paying for government is not only the province of the wealthy, you know, because there is no reliable way of taxing wealth. With the right incentives, great wealth may be harnessed for the benefit of all.
But the “all” have to provide their capability to carry the load too. And a consumption tax falls on the wealthy and less wealthy alike.
My feelings exactly.
999, in the real world, translates to:
1) Pass the national sales tax, while keeping the income tax too.
2) Trust Congress not to raise tax rates anymore.
Hey, what could go wrong?
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