I’m not too keen on the Sales Tax but let’s assume that 999 could be implemented would it be better than our current mess of a tax code? Almost certainly. The tax code would fit in one thin book not 1000s of pages and several volumns.
Does it decrease political power to use the tax code as a weopon to reward and punish? Yes. Does it go as far as we should no but there is a hunger for the tax code to be revamped and Cain is the only one addressing this and his idea is probably the best one that has any chance of ever becomming reality at this point.
Those corps who use loopholes like Obama’s GE would have to pay 9% regardless. Coporations that currently pay more than 9% would see their taxes reduced as well as they would be able to get rid of legions of tax layers. All of that is a very good thing.
Most of the middleclass who pay less overall taxes under Cain’s plan given that Payroll taxes would be gone except for a flat 9%. Tax time of course wouldn’t be so joyous I know given their would be no hopes and joy from the generous government giving your money back to you but I digress.
The sales tax I believe is the hardest thing to buy into though I believe that it is problem the best from of taxation given that it applies most to those that consume the most and everyone from bottom up pays as they should.
If the choice is between a flater simpler system and the current system 999 wins every time.
I do think that there is a danger with adding a national sales tax without a constitutional ammenement to explicitly restrict how taxes can and can not be levied to keep a future Democrat from morphing 999 into a European style taxe system just as bad or worse than our current one.
Herman Cain is a good candidate and he has a lot of other positives. He could very well take a big enough chunk of African Americans to make Obama’s re-election an impossibility. Right now it is truly nearly impossible as it is. All you have to do is look at the independent numbers versus undecides and right track wrong track numbers. If the election were held today Obama would lose in a landslide against almost any of the current candidates. Right now most national polls have large numbers of undecideds as they always do this far out and they almost never go for the incumbent under these conditions.
I say CUT SPENDING. Do that before anything else. CUT CUT CUT. THAT should be the bold plan. Not radical tax reform that will still need to come up with a certain amount of money. CUT THE SPENDING NOW. Who’s saying that? Anyone?