Those criticizing Cain really seem to be defending a tax system that is a thousand times worse than his very straightforward flat 999 plan. Strange how liberal conservatives become when they actually get what they say they want...hmmm maybe they don’t really believe in small govt afterall.
They believe, just like liberals, in “tax the other guy, not me.”
Those type of people think they have a lot to lose by abolishing the present tax system...mostly people who are either CPAs, Tax Lawyers or are reliant on the handouts from this system.
I personally pay about 6% in federal income tax-thats federal income tax and not FICA. FICA is fixed at about 14.5% so my share is half of that.
I would gladly pay 9% and 4.5%-half of my FICA if it stays that way, just to see all the rest pay their “fair” share. I.E. Welfare cases, illegals and all.
Having talked to a couple of investor people I know that say that if passed, this plan would cause a skyrocket in corporate investment in this country. One, who works pretty high up in a big investment firm, said that all that cash that business is holding onto would be reinvested within a couple years. All businesses are looking for stability and confidence from the system. Until then, they are not spending anything.
999=Less than 4% unemployment in 2 to 3 years.
1. Cain asked the listeners, with regard to 999, to stop listening to the media critics and “do the math” on their own personal situation and see where 999 leaves them. We did the math with regard to my wife's 50K/year salary and she (on an annual basis) actually does better under 999 unless she were to purchase a large ticket item such as a new house or new car over 40K.
2. Smirconish questioned Cain on the assumptions that 999 was based on and Cain responded he will be releasing an OP-ED piece in the very near future laying out exactly how the 999 plan was derived. He also stated his campaign has provided (and will continue to provide) that data to any party who has requested it, however those requests have been few despite all of the criticism.
“Those criticizing Cain really seem to be defending a tax system that is a thousand times worse than his very straightforward flat 999 plan. Strange how liberal conservatives become when they actually get what they say they want...hmmm maybe they dont really believe in small govt afterall.”
Good point. When I say that Social Security can (and will be, in any case) means-tested. Otherwise-good conservatives tell me “over my dead body, I paid into this scam for years”.
Seems that conservatives sometimes forget where they came from when it comes to principal.
So, if something is bad (the 2008 stock market crash, for example), then Change, any Change, is good?
The Change doesn't have to make sense? You don't have to explain the Change? Just the fact that it is Change is all that matters?
Sorry. America has been there, done that and already has that T-Shirt.
The fact of the matter is that Cain has has been bragging that "everything is taxed only once under my 9-9-9 Plan" while totally ignoring the fact that savings in America right now have ALREADY been taxed during the Income Tax era.
Since I recently retired on my own savings, that means that I have had the honor of being taxed at 35% when I earned the money I saved and will then have the honor of being taxed AGAIN at 9% when I spend that saved money under the 9-9-9 Plan.
Is there anything in "my 9-9-9 Plan on the Internet" that even addresses ANY of the current savings in the United States of America?
No.
The "9-9-9 Plan" is so "straightforward" that it totally blows off SAVINGS.
Like another FReeper commented, "The 9-9-9 Plan looks like a plan scribbled down on a cocktail napkin after sever jiggers of Scotch."
But, move along, folks, and don't ask any questions or point out huge flaws in the Plan because it is .....
Drum roll, please .....
Change
What kind of idiot forgets about SAVINGS in America?
Or, maybe, Cain is not an "idiot" but simply a snake oil salesman that knows that shouting out "Only $9.99" attracts customers, especially when they are told not to ask too many questions.
After continuously attacking Perry while treating Romney with kid gloves, Cain, instead of fundraising like a serious candidate, is on a national book tour hawking books while the man he has repeatedly endorsed, Mitt Romney, is accumulating the war chest needed to actually mount a serious campaign.
Result: Mitt Romney will be left the GOP nomination and Cain will be left the money from book sales, speaking fees and maybe, like Palin and Huckabee, a fat FOX News contract.
Whether you realize it or not, Herman Cain sold you a "Mitt Romney Pizza" for 9.99 and you fell for the sales pitch.