Where in his 9-9-9 plan would the 9% be added to the cost of a new home?
Also, the cost of a new home would likely drop by at least 9% based on 9-9-9 as the builder wouldn’t be paying a 35% tax rate. Instead, they would be paying 9%, which would allow them to pass some of the savings on to the consumer.
Because if they don’t, someone else will.
That’s just how business is - it’s cut throat and if someone can sell the same product for less, but make up for it in volume, then they will.
I’ve used several analogies and examples over the past few nites to back this claim.
In truth, the cost of most goods and services would drop dramatically.
Remember the “Gas wars?” of the late 1960’s?
One station would be .03 cents a gallon cheaper than the one across the street.
And that’s when gas was .33 cents a gallon.
That’s just one example.
And they used to even give you free stuff like drinking glasses (collect them all!) and other incentives to buy gas at their station, like S&H Green Stamps.
Who else remembers those?
IMO, Herman Cain is best suited for bringing this country and its economy off of life-support and making it healthy once again like it was before the Dems started making the rules.
Thank you for the response, and I’m not sure that 9% tax would apply to a home. While it probably looked to others like I was saying it definitely would, I was merely airing a thought on the subject.
In truth, I’m not exactly sure how the 999 would play out across the board. The VAT charge is one that I think folks could ponder rationally. When you consider that these entities all pay taxes at each level now, it becomes harder to claim Cain’s plan would be worse. As you state, businesses would wind up paying less than they do today.
Cain is definitely my guy now also. I had hoped he would kick in early on, and now that he is, it’s rather amazing to me. My favorite candidates usually languish. IMO, we have seen a total flip since the Tea Party folks have become active.
The media is perplexed how to destroy him. I don’t think the public is listening to them. At least the public that would be supportive of a more Conservative candidate sure isn’t. The wingbat Left probably is swallowing every word of it.
By the way, I will never forget traveling by car with family back in the 50s. We bought gas for $0.10 cents a gallon, and got triple stamps, can’t remember if it was blue or green stamps. My grandmother was in 7th heaven about it...
Funny thing... As a kid in California, I purchases a drill with green stamps back in the 70s. I’ve been using that thing ever since. Works great.