Click the Pic Thank you, JoeProBono
Harriet Says YES!!
Follow the Exciting Adventures of Gary the Snail!
Abolish FReepathons
Go Monthly
If every FReeper and Lurker gave just $7 a month
We could end the FReepathons
Posted on 10/18/2011 12:28:10 PM PDT by Brookhaven
A "modified version of 9-9-9 that does NOT contain a sales tax"?
Any such "Plan" without the National Retail Sales Tax is a totally different animal that has absolutely nothing to do with the original "9-9-9 Plan".
Are you finally admitting that the 9-9-9 Plan that now has the National Retail Sales Tax as it's main pillar is actually the "insane" idea that Herman Cain said it was back in his November article?
Is the Cain campaign only about catchy slogans and keeping the catchy names and the actual ideas be damned?
"Stupid idea but great catchy name. Tell you what, let's totally change the original idea but keep the really catchy name."
The 9-9-9 Plan is what it is: A dumb idea. Herman Cain himself explained why in his November article.
Transferring the catchy "9-9-9" name to something completely different will not change that fact.
"If you call a tail a leg, how many legs has a dog? Five? No, calling a tail a leg don't make it a leg. ..... Abraham Lincoln
9-9-9 is a great radio talk show meme. Great on paper, works like magic, but in the real world is just a load of BS and a total waster of time, full of skittles and unicorn turds.
And we need an amateur like this for President. No way.
Did you miss that part of Cain’s quote on purpose?
Did you, on purpose, miss the part where Cain said that any original low rate means absolutely nothing because initial low rates rates are ALWAYS jacked up?
The "9-9-9" of 2013, according to Cain's November agument, will be the "X-X-X" of future years with X certainly being greater than 9%.
Did you, on purpose, miss the part where Cain said that introducing a brand new National Retail Sales Tax "gives the out-of-control bureaucrats and politicians in denial one more tool to lie, deceive, manipulate and destroy this country"?
That's least likely for a tax that hits all the voters. It's harder for the libtards to buy votes when they have to use the voters' own money.
Instead of raising taxes on anyone, we should focus on cut, cut, cut with no ifs, ands or buts. This will be Cain’s undoing.
What about those folks who are retired, or close to it? They had their income taxed all their lives, changing to a consumption based tax would hit them a second time.
There is an entire thread debunking the misinformation Polybius is posting here.
Read the discussion there and decide for yourself.
But is almost twice the 5.65% that most people currently pay.
You don't get to play by two different sets of rules. If you're only going to consider the "employee" portion of the payroll tax, then you'll have to also predict that Cain's tax would be implemented under the same rules: half paid by employee, and half by employer.
Under those rules their tax drops from 5.65% to 4.5%. And since the employee porting is scheduled to go back up to 7.65% in January, at the time 999 was enacted it would be a drop from 7.65% to 4.5%.
Under apples to apples, it would be a 3.15% tax cut for employees.
We don’t need tax increases on ANYONE. We need to cut, cut, cut both taxes and spending with no ifs, ands, and buts. Cain’s plan detracts from this goal.
Exactly.
The beauty of the NST is that it is open and notorious. This, in fact, is the whole point of using a NST rather than some other, once again hidden tax.
The fact that a NST is open and notorious, and applies to everyone, is exactly what will keep it from being the jellybean jar for liberal free-stuff programs.
This is not just about revenue, Mr. Moore! It’s also about putting a tax system in place that gives We The People greater ability to hold Congress’ feet to the fire.
Cain was, in fact, just looking for something, anything, "Bold" and he gave the job of dreaming it up to somebody that just had a B.S. in Accounting.
=======================
From fan to The Man: How Cleveland's Rich Lowrie claimed a place in Herman Cain's inner circle
That's how Lowrie found himself this summer on a New Hampshire-bound flight with Cain, sketching the tax-reform plan that in recent weeks has become a household name and helped Cain surge to the head of the Republican field.
"I had one question for him," Lowrie said of the chat. "How bold do you want to be?"
Cain, "with his signature smile and booming voice," leaned in and replied: "Bold."
And so, "9-9-9" was born -- a proposal to replace the federal tax code with a flat 9 percent tax on personal income and businesses and a 9 percent national sales tax.
=======================
Plug in the most gimmicky numbers cath-phrase in the history of sales "9.99" ......
...... and there you have it: "The 9-9-9 Plan".
While Cain was writing an article in November, Cain warned that “The worst idea is a proposed national sales tax, which is a disguised VAT” because it would be “one more tool to lie, deceive, manipulate and destroy this country”. As Cain points out in the article, “In every country that has established a VAT with the promise of reducing their national debt, the VAT has eventually gone up or expanded on top of the existing tax structure. .... For the liberal naysayers who say that would not happen, you lose! Just look at the Social Security system, Medicare and Medicaid. Over the years since their inception, taxes have gone up, …”
Yet, the 9-9-9 Plan had already been cooked up by Rich Lowrie the Summer before after Cain simply instructed him to be “Bold”.
In short, in order to be a “Shock Jock”, Cain asked a guy with only a bachelor's degree in accountancy from Case Western Reserve University to come up with something “Bold” and, after plugging in the most gimmicky numbers know to sales marketing, “9.99”, that Plan is being pushed by Cain even though the lynchpin of that Plan was soundly trashed by Cain in this article that he wrote last November.
Cain is a snake oil salesman.
I think it’s better to try to educate people on how much more power they would have to control the NST than to just drop it in the face of the initial wave of opposition.
It’s way too early for that and the discussion that can be had on the NST, and why it’s transparency helps us limit government, is too important to shut off at this stage of the game.
For the last 20 years:
“I’ve come to the conclusion that the American people and the voters do not want entitlement reform.”
Stupid response: Duh.
First of all, that rate is temporary (see footnote c).
Second and more important, it ignores the employer contribution, which is also employee compensation, even though mislabeled by Congress with intent to deceive. If FICA and Medicare went away, not only would the deductions go away, but your gross wages would go up.
That’s a good point.
One of the *principles* that 999 is attempting to implement is that everyone pays taxes. This is crucial to making the Laffer Curve work — it requires broadening the tax base.
This is so important! I am having trouble understanding why conservatives don’t see how much our freedom depends upon stopping the parasite class from topping 50% in our nation — the point at which the rest of us would NEVER have enought votes to shut down ever-more voracious demands for free stuff.
I caught that too. Important.
As soon as I read the outline of Cain’s 999 plan on his website, I could tell it had a lot of work and thought behind it.
But it is the current rate.
Second and more important, it ignores the employer contribution, which is also employee compensation, even though mislabeled by Congress with intent to deceive.
That's a bunch of crap. The employer part is part of their cost of doing business, and if that FICA tax was done away with tomorrow then the company would keep the cost savings and use it however they wish. The employee would not reap any benefit from that.
If FICA and Medicare went away, not only would the deductions go away, but your gross wages would go up.
And would Cain pass legislation mandating that? If not, what guarantee do you have?
Your taxes under the present system could go up to 90-90-90% infinite. And they will (see FDR) if we don't do something to keep the nontaxpayers in the country from going over 50% of the population, which will happen soon.
Under 999, tax increases would be much more politically difficult. Why? Because 100% of 100% of congresscritters' constituents would be affected by any increase. And because any increase would be immediately and clearly visible to 100% of the people paying the increase.
The article didn't state that it would. It said that the 9% sales tax should be replaced by a 9% payroll tax. Since the sales tax hit the individual alone one would assume the payroll tax would as well.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.