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Can Herman Cain's 999 Plan Work?
Axel Whiteman ^ | 10/5/11 | Axel Whiteman

Posted on 10/10/2011 9:05:29 AM PDT by justsaynomore

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To: justsaynomore

“The sales tax is not negotiable...”

Neither is my vote.


41 posted on 10/10/2011 1:56:43 PM PDT by Enough is ENOUGH
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To: Reagan Man

So when confronted with detailed analysis and numbers, your response is essentially “Is not!”

Give my regards to the second grade.


42 posted on 10/10/2011 2:00:58 PM PDT by william clark (Ecclesiastes 10:2)
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To: marty60
The fact that gets me is that Cain’s book is a bust.

Guess that explains why all the online booksellers are having to backorder it.

43 posted on 10/10/2011 2:07:15 PM PDT by william clark (Ecclesiastes 10:2)
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To: Reagan Man

Yeah, the status quo is working out so well.

BTW, your argument is hollow. It’s a “becuz I sez so” post.

LOL!


44 posted on 10/10/2011 2:10:55 PM PDT by GatorGirl (Herman Cain 2012)
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To: LOC1

It’s an effort to get businesses to get into the inner city and get people off of WELFARE. I can buy into this plan because I want to see welfare go the way of the steam engine. For everyone.


45 posted on 10/10/2011 2:14:00 PM PDT by GatorGirl (Herman Cain 2012)
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To: marty60

As of this post it’s #14 and has been in the Top 100 since it was released.

It’s sold out of most brick and mortar outlets and ships within 6-9 days from Amazon because they can’t get a hold of enough to fulfill orders the same day like they usually do.

Yeah, it’s a bust all right.


46 posted on 10/10/2011 2:19:12 PM PDT by GatorGirl (Herman Cain 2012)
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To: justsaynomore
Everyone pays 15.3% FICA

No they don't. Most people are not self-employed and pay only 5.65% FICA currently.

47 posted on 10/10/2011 2:24:42 PM PDT by SoJoCo
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To: justsaynomore
We were contacted directly by the Cain Campaign's chief economic advisors last week, and were advised that base numbers in our analysis significantly understate the initial revenue generated in the first year of the 999 plan.

When they get back to you can you please ask them to identify the $2.2 trillion in cuts they will have to make in order to balance the budget under the 9-9-9 plan in the first year? Thanks in advance.

48 posted on 10/10/2011 2:26:48 PM PDT by SoJoCo
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To: SoJoCo

Yes they do, indirectly. Employers include FICA matching when determining compensation levels. And the rate is 7.65, not 5.65


49 posted on 10/10/2011 2:49:12 PM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: SoJoCo

Even if they do have to cut - why is this a bad thing?

Cain has said many times we need horizontal as well as deep cuts in government, including the EPA


50 posted on 10/10/2011 2:52:17 PM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: GatorGirl

YEAH IT’S 14 WITH A BRICK.

http://www.amazon.com/gp/bestsellers/books


51 posted on 10/10/2011 3:03:56 PM PDT by marty60
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To: marty60

So you admit you lied.


52 posted on 10/10/2011 3:24:14 PM PDT by GatorGirl (Herman Cain 2012)
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To: GatorGirl

WHAT are you talking about?


53 posted on 10/10/2011 3:30:42 PM PDT by marty60
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To: GatorGirl

Oh I know. I had looked at the 100 best sellers by # of books sold.

He isn’t on it.

But you might want to check Amazon. They say they have some new ones left and even 1 Used for $6 bucks.


54 posted on 10/10/2011 3:35:23 PM PDT by marty60
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To: justsaynomore
Even if they do have to cut - why is this a bad thing?

Even if they do have to cut??? There is no way that they shouldn't cut, and cut deeply. But Cain is pitching a plan that will require downsizing the government by 60% or so in order to balance the budget under his plan. I would hope that he recognizes that and has identified the cuts he will make in order to do so. I'd like to hear what they are.

55 posted on 10/10/2011 3:59:22 PM PDT by SoJoCo
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To: justsaynomore
Yes they do, indirectly. Employers include FICA matching when determining compensation levels.

Yeah right. So you're saying that if companies don't have to pay their share of FICA then they'll increase their employees salaries by 7.65%? In what universe?

And the rate is 7.65, not 5.65

Check your paycheck again. It's been 5.65% since the beginning of the year.

56 posted on 10/10/2011 4:01:43 PM PDT by SoJoCo
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To: SoJoCo
Yeah right. So you're saying that if companies don't have to pay their share of FICA then they'll increase their employees salaries by 7.65%? In what universe?

Employers who are willing to pay an employee $50,000 are willing to pay an employee $50,000.

If the FICA matching was dropped, gross salaries would not change...but net salaries would very quickly rise by the equivalent percentage.

If you think otherwise, you know little about how employers run their business.

57 posted on 10/10/2011 4:08:09 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: SoJoCo

Oh, I see. You must be one of those folks who believe all business owners are the enemy, they are greedy, and don’t give a rip about their employees.

Business owners like my husband, who employs 50 people said if FICA were cut, that would go back to them, for one.

Of course some business owners won’t, but in a job market that become competitive again (since the 999 plan is estimated to cut unemployment in half) who would work for them?


58 posted on 10/10/2011 4:09:39 PM PDT by justsaynomore (Cain 2012 - http://teamcain.hermancain.com)
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To: justsaynomore
Oh, I see. You must be one of those folks who believe all business owners are the enemy, they are greedy, and don’t give a rip about their employees.

The overwhelming majority don't.

Business owners like my husband, who employs 50 people said if FICA were cut, that would go back to them, for one.

Business owners like the one I work for, who employ several hundred thousand people, cut all our salaries by 5 to 15 percent a couple of years ago. Not because they were losing money, but because they weren't making enough. I will predict right now that if Cain is elected and he enacts his scheme then the overwhelming majority of the people in this country will not see a dime of that FICA money.

Of course some business owners won’t, but in a job market that become competitive again (since the 999 plan is estimated to cut unemployment in half) who would work for them?

Yeah, listening to people anyone would think that the 9-9-9 plan is going to do everything but cure cancer. And for all I know they're claiming that now.

59 posted on 10/10/2011 5:10:54 PM PDT by SoJoCo
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To: okie01
If the FICA matching was dropped, gross salaries would not change...but net salaries would very quickly rise by the equivalent percentage.

Depends on how much you make. For upwards of half the people in the country the Cain plan will be a tax increase even before the sales tax is factored in.

60 posted on 10/10/2011 5:13:03 PM PDT by SoJoCo
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