On the one hand Cain says he wants to institute a Chile-style retirement system. Under his 9-9-9 plan he eliminates all taxes that would fund such a program. So which is it going to be?
His 999 does not fund social security. That is probably why he brings in only about 1.2 trillion with his plan. Social Security will be funded by another required deduction going to your personal retirement account. In Chile that is from 10-20 percent of your income.
So, we really have 9-9-9-15
And we haven’t talked yet of Medicare, either.