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To: CharlesWayneCT

I get it, you’re anti-Cain.

But 9-9-9 is not a VAT any more than we currently have a VAT. The percentages don’t matter. Is tax applied at every stage, or not?

Yes.

Just because Michelle Bachmann, CharlesWayneCT, and some lib Brookings dude call it a VAT does not make it a VAT.


81 posted on 11/01/2011 12:22:10 PM PDT by GatorGirl (Herman Cain 2012)
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To: GatorGirl
I'm not really anti-Cain, although every day I'm less enamored of him. I don't care too much about 9-9-9, because while it is a stupid plan, it also will never pass, and at least Cain proposed SOMETHING.

BTW, on the VAT thing, you have made a rookie Cain-supporter mistake. You didn't wait for all of his clarifications.

So I can't fault you for missing this tidbit from his Monday AEI presentation on 9-9-9, as reported by National Review:

And real news was made: Cain acknowledged that the consumption-tax portion of 9-9-9 is indeed a VAT.
So I guess if you don't think it is a VAT, you can go argue with Cain. Unless he "clarifies" this again tomorrow. He's getting to be a professional clarifier. I hope that doesn't discourage his supporters, who believe that only amateur, inexperienced people can fix our problems.
82 posted on 11/01/2011 2:13:51 PM PDT by CharlesWayneCT
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