First Art Laffer, now Paul Ryan.
Now that some serious heavyweight conservative economic guys have come out in favor of the 9-9-9 plan, can we start having a serious dicussion of the plan’s MERITS instead of just slinging will accusations?
I wish that would happen, but I'm afraid that a fairly substantial portion of FReepers can not or will not see how they are paying for our massive and impossibly complex tax code. They can't see the 35% corporate taxes on their receipts. The crony loopholes that prevent fair competition and force prices higher don't give them a monthly statement. The crushing payroll taxes are such a part of life that they can't visualize life without that burden.
All they envision is 9% added to their grocery bill. I think many of them are living on Social Security or other fixed incomes and are afraid. I understand that. That is the same fear that will spread 24/7 if Cain gets the nomination. Every retiree or welfare recipient will be inundated with stories of how they will be starved and evicted.
I like Herman Cain a lot and his plan makes sense. I'm all for leveling the playing field for the first time in a century. I think it would cause an economic explosion that would leave China, Russia and the EU begging to pick up our scraps.
But if he's going to run with this as his central theme he needs to start a massive campaign to educate people in very simple terms. Even then our beloved country may be too far gone. Look at how many people here on FreeRepublic will defend the statist progressive tax code to death and support candidates who bury their heads and refuse to face the coming Tsunami.
Now that some serious heavyweight conservative economic guys have come out in favor of the 9-9-9 plan, can we start having a serious dicussion of the plans MERITS instead of just slinging will accusations?
I agree. However those who haven't read or don't understand Cain's plan most likely have never heard of Paul Ryan or Arthur Laffer either.
Others don't seem to understand that we have the highest corporate income tax in the world...
... and this is a major contributing factor to our jobs going overseas.
.