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How do I feel about it? I feel a plan like Cain’s will be our best, and probably last, chance to save ourselves from total collapse. The 49% that today pay no federal income taxes, used to be just 35%, then 40%, then 45%. Pretty soon that 49% will be 50.1%, and if we still have this same tax system at that point, it is GAME OVER.

We minority of working suckers will forever be outnumbered at the ballot box. The tyrannical free-loading majority will keep voting for and insisting on higher and higher taxes us who are paying for it all.

I’ll tell you this: within a few years, when today’s 49% becomes 50.1%, we’re going to see top marginal federal income tax rates going back to 90% or more, capital gains taxes going through the roof, massive taxes applied to 401(k) and IRA withdrawals, etc.

And it will be due to the stupidity of those who don’t see this obvious train wreck coming and realizing the only hope of stopping it is to get *everyone* paying some federal taxes so that *everyone* will feel the pain whenever Fedzilla proposes more spending binges.

If you want to cling to the current corrupt tax code out of fear, then embrace the above scenario, because this is your future. It’s not some hypothetical that might happen in the future. It is *already* happening right now, and the magic tipping point (50.1%) is only just a few short years down the road. Enjoy.

How do I feel about it?

I agree 100% with the need for reform, since once 50.1% aren't paying taxes it is game over. I like the flat tax, but it'll never happen if we first give Congress both income and sales tax powers. I've said before, Cain should be running for his first term on the basis of cutting government, cutting Obamacare, getting welfare cheats out of the system, eliminating the EPA, Dept. of Education, etc., and basically cutting government as much as possible. And then when the economy booms, run for a second term with the political capital to possibly get it done.

As it is now, we've got a plan haphazardly put together with little chance of passing and, if it does, contains no way of limiting equal or unequal tax increases in the future.