Posted on 10/08/2011 4:09:26 PM PDT by Clairity
The real political defect of the Cain plan is that it imposes a new national sales tax while maintaining the income tax. Mr. Cain's rates are seductively low, but the current income tax was introduced in 1913 with a top rate of 7% amid promises that it would never exceed 10%. By 1918 the top rate was 77%.
Part of Mr. Cain's appeal is his willingness to challenge political convention, and he certainly has with his tax proposal. Voters like that he isn't a lifetime politician but a successful business owner who has met a payroll and created jobs. But his endorsement of a sales tax on top of the income tax is a political gamble that would eventually finance an even larger entitlement state. Better to reform the devil we know—the income tax—than to introduce another devil and end up with ever-rising rates of both.
(Excerpt) Read more at online.wsj.com ...
The only way to repeal the income tax is with a constitutional amendment.
I don't support the current system either. But if we can overhaul it, we will probably only have one chance in our lifetimes. I want to make sure it's changed to something better, not just as bad or worse. Adding a sales tax without eliminating all other taxes is a disaster, worse than the status quo.
No it doesn't. It replaces the current corrupt failed tax system with a 9% sales tax-9% Income tax-9% Business tax. It add nothing to the current tax system since it replaces it. When you are reduced to knowingly lying about the Cain plan you have lost all credibility as a poster
Nonsense,
Refrigerator.
Nice try but a very silly response.
To a very silly post.
That's just not true. The 16th amendment authorizes the income tax, it doesn't require it. Congress and the President can repeal it any time. Repealing the 16th amendment would just be insurance against them passing it again.
The same argument being placed here applies even more so to the current system. There is nothing to stop the current tax rates being hiked 20-50-80%
This argument is completely without any rational merit. It is the desperate flailing around by the status quo bots desperate to keep the current political crony rewarding tax system in place.
Every complaint being levied at the Cain plan is even more relevant to the current corrupt failed tax system.
Raising tax rates is actually harder under 9-9-9 since everyone pays so it is impossible to hide tax hikes as being only “on business” or “on the rich”
No tax system will ever be perfect. 9-9-9 eliminates most of the current failed corrupt flaws in the current system while adding NO new flaws.
Arguing, as this author is, that we should cling to our current failed system because any replacement will not be absolutely perfect is childish and irrational.
You know, I’ve been thinking that it might be a good idea to support crazy Ron Paul, without taking his ideas so seriously and literally, as we take Cain’s utterly unachieveable 999 plan , because Paul’s craziness, also unrealistic, could at least act as a brake on the encroachment of socialism that even Reagan could not stop.
I imagine those who see their taxes go way up might detect a flaw or two in Cain's scheme.
It can't be simple! We have such a giant bloated pig of an ever-reaching, supremely interwoven spider web of a government. There is no easy or fast way to extricate the cancer that it is.
There must be something in place to fund certain things as we begin to defund and destroy other things.
None of this can or will be an easy fix. I guarantee no one on this board has read all there is to read regarding this economic plan and the why and how it will work. I know I haven't.
But you have to choose at some point. Do you want what we have now, or do you want to try and change it?
There is a phrase that I have never liked that fits well here:
Perfect is the enemy of the good.
And in all honesty, I believe we are running out of chances to take chances. If something big doesn't change, we will be done.
I am not an economist or a mathematician. And I have never brought a huge company back from the brink of bankruptcy, let alone even run a big company successfully.
I am going to trust this man, who in this area is smarter than I am. That is the leap of faith I am willing to take.
If the rest of you aren't, that's cool too. It's why we each have one vote. :)
The lie is right there in the headlines Hugin as Trsham points out. It does NOT add a sales tax onto the existing Income tax system
Like I said, you pay a sales tax everytime you buy gas. There’s nothing that prevents them from applying that to everything, or most things.
I’ve taken a VERY close look and Cain is my candidate no matter how hard the Perry people rally against him.
When voters see Perry they see George Bush which will motivate the libs to come out and vote for Zero like nothing else.
Nominating Perry would guarantee another 4 years of Zero.
When Conservatives see Romney they will not come out to vote.
Nominating Romney would guarantee another 4 years of Zero.
The candidate we MUST nominate to defeat Zero: Herman Cain.
When you start posting responses in 35-50 seconds to multi paragraph posts to you, you demonstrate you are not bothering to discuss the facts and are merely posting pre-programed Campaign bot responses.
Don't waste my time. Address the facts that were directed to you.
So, you believe tax and spend politicians, the kind who’ve never seen a tax they didn’t like or a dollar they didn’t want to spend, are going to just up and legislate away the income tax????
And then leave it that way.
Sorry, Hugin, you’re a nice person, but that is simply more than I can swallow.
We REPEAL the 16th amendment and I’ll support the other, but not until.
Politicians are the devil.
They won’t have the nerve.
Instead of being able to play class warfare games and promising to “soak the Rich” by increasing income taxes, EVERYONE will be paying the sales tax and the political pressure alone will cause them to not increase it.
You just made my point for me. They paced their pricing to track with that of their competitors.
Still, using oil companies is not a good example to use, because of the dependency on foreign supply lines and other forces that shape pricing. Plus, in 2009 Exxon Mobile was trying to figure out what the next shoe to drop from the Obama administration was as they waged war against conventional energy producers. Also, being one of the larger oil companies, they invest more in exploration and exploitation of new resources than their smaller competitors.
And guess what. I don’t buy my gas there, because there are other, less pricey choices.
I never said it adds it to the current system. It changes the rates and deductions. But it doesn’t remove the income tax itself. Whether you consider that to be the same as eliminting the current system is where the disagreement is.
But at least this time you are able to say what you think is a lie. That’s an improvement.
I was merely replying to your complaint that Cain "has no executive experience in government" by explaining that neither did George Washington.
Or do you know otherwise?
----
Send treats to the troops...
Great because you did it.
www.AnySoldier.com
(An entirely free service)
I would want HOme sales, groceries, prescription drugs and medical care exempted PERMANENTLY.
We already have a 9% salaes tax for goods and services in the state inwhich I live.
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