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To: Clairity
I like Cain, but not his national sales tax, it would be similar to Europe's VAT tax. Once imposed there would never be a chance to lose it, and the possibility another future administration would raise the percentage

A second big concern is his lack of concern over the Federal Reserve.

Two main Issues. His big pluses are strong character, capitalist and loves America.

32 posted on 10/08/2011 4:40:38 PM PDT by opentalk
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To: opentalk
I like Cain, but not his national sales tax, it would be similar to Europe's VAT tax.

Actually there is a HUGE difference between a VAT and a sales tax. VAT taxes wealth creation, the latter taxes consumption. VAT taxes put domestic producers at a disadvantage to foriegn producers. That's why European countries have to have an elaborate system of subsidies for companies to make up for VAT. It creates tons of red tape, and the cost of enforcement is high. A sales tax is simple. You pay a tax on what you buy, regardless of where it was made, and never have to report anything.

99 posted on 10/08/2011 5:44:51 PM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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To: opentalk

>>A second big concern is his lack of concern over the Federal Reserve.

He has called for big changes at the Fed.

Herman Cain Says ‘Redefine’ the Fed
http://www.thestreet.com/story/11267633/1/herman-cain-says-redefine-the-fed.html


259 posted on 10/09/2011 4:39:09 AM PDT by FreedomPoster (Islam delenda est)
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