I think the plan is stupid. It will lead to riots if he’s elected, but he probably won’t because the plan sucks all-around.
Why doesn’t he fix the spending under the current tax system? That’s the real problem with the economy. Once the system is fixed (read massively reduced), and the economy rebounds taxes can be reduced as necessary.
RE: Why doesn’t he fix the spending under the current tax system?
THAT’s PART OF HIS PLAN AS WELL.
You have to understand that Herman Cain’s plan is (to steal a word) HOLISTIC. He’s going to fight for BOTH his tax plan AND a responsible, balanced budget.
He is on record as supporting Connie Mack’s PENNY PLAN to balance the budget for instance.
It’s not an either/or thing.
“Once the system is fixed (read massively reduced), and the economy rebounds taxes can be reduced as necessary.”
But wait - the whole argument against 999 is that greedy Congress is going to raise rates. Now you’re saying this same group will cut spending and REDUCE taxes?