Posted on 10/16/2011 10:41:54 PM PDT by TexasFreeper2009
Herman Cain holds a decisive lead in the South Carolina Republican primary, according to a survey conducted Sunday for The Augusta Chronicle.
Back | Next
Jose Luis Magana/Associated Press
Republican presidential candidate Herman Cain speaks with the media after an interview on NBC's Meet the Press at NBC studio in Washington on Sunday, Oct. 16, 2011.
File Attachments
Complete Poll Results.
Advertisement
The Insider-Advantage/Majority Opinion Research poll of 476 registered voters likely to vote in the GOP primary gave Cain 32 percent of the vote, twice the share of Mitt Romney’s 16 percent
(Excerpt) Read more at chronicle.augusta.com ...
lots of assumptions with no basis in fact or prior experience. way to play the DU card btw.
Thanks — you collected a lot of good info I was not aware of!
Before we know it, Cain’s “simple 999” will become as complex as the current tax code.
Please tell us all where you get the idea that this is a VAT ?
With a Retail SALES tax of 9%:
1. A dairy farmer produces a gallon of milk at a cost of $1.00 per gallon. He marks it up 45% to give him enough profit to stay in business, and sells his milk to a processor for $1.45.
2. The processor marks it up 45% to give enough profit to stay in business, and sells the milk to a wholesaler for $2.10 per gallon.
3. The wholesaler marks it up 45% to give enough profit to stay in business, and sells the milk to a grocery for $3.05 per gallon.
4. The grocery marks it up 45% to give enough profit to stay in business, and puts the milk on the store shelves at $4.42 per gallon.
5. A parent buys the milk to put on their cereal at home, and pays 9% sales tax at the cash register, resulting in a cost to the consumer of $4.82 per gallon.
With a 9% VAT tax, again starting with $1.00 per gallon to produce the milk from the Cow:
1. A dairy farmer produces a gallon of milk at a cost of $1.00 per gallon. He marks it up 45% to give him enough profit to stay in business, AND he charges the 9% VAT tax, and sells his milk to a processor for $1.58.
2. The processor marks it up 45% to give enough profit to stay in business, AND he charges the 9% VAT tax, and sells the milk to a wholesaler for $2.50 per gallon.
3. The wholesaler marks it up 45% to give enough profit to stay in business, AND he charges the 9% VAT tax, and sells the milk to a grocery for $3.95 per gallon.
4. The grocery marks it up 45% to give enough profit to stay in business, AND he charges the 9% VAT tax, and puts the milk on the store shelves at $6.24 per gallon.
5. A parent buys the milk to put on their cereal at home at a cost of $6.24 per gallon, retail price, no sales tax.
Net difference to the consumer = $1.42 per gallon MORE under a 9% VAT tax than under a 9% sales tax.
Do you know exactly what ‘empowerment zones’ refers to in Cain’s plan?
I sure don’t. Nobody does because we haven’t been told yet.
Just like the people screaming hysterically that there would be a 9% income tax on seniors’ SS, it turned out not to be a problem.
So how ‘bout we wait to hear what the man has to say on the subject before we bash/support it?
The only thing that makes the *idea* (that I have in *my* mind) of ‘empowerment zones, is that it only rewards people for working - not for sitting on their butts.
But then, I could have it all wrong. I don’t know. I may hate the idea and then I’ll have to decide it it’s bad enough to scrap the whole plan.
*he hasn’t told us what it is yet*
Because we already have sales taxes, and Cain’s 9-9-9 adds a new and extra tax on top of the sales tax. Now, you can all it what you want, it is still effectively a sales tax heaped on top of an already existing sales tax, effectively, in most states, doubling that sales tax, so it basically is a VAT tax in sheep’s clothing. Call it what you want, it’s still the same screw job.
Alright all you Cain bandwagoners, can you please tell me what the man’s foreign policy point of view is? Although economics are critical, there’s more to life and a presidency than domestic issues. In fact, the single most important role of a president is commander in chief. What can we expect of Cain in this regard?
I wish some people would read the FACTS about 9-9-9 as they are starting to sound like SF Libs that have infiltrated FR
Either they don’t understand it, or are unwilling to read the details to realize that even those on SS would end up saving money.
Again, I’ll defer to the Math, Physics and Computer Science degree holder that created the plan.
Who was also the same guy that turned 450 of the worst performing BK franchises into the top 450 performing BK franchises.
Who was also credited with ending the Clinton health care plan when he called out Clinton at a “Town Hall” meeting when he told the President. “In the competitive marketplace it simply doesn’t work that way.”
Who also was the CEO of the National Restaurant Association.
And the CEO of the Federal Reserve Bank of Kansas City, so he knows a little about money, finance and how it works.
And received the Horatio Alger award in 1996
I think this guy knows what he’s talking about, especially when it comes to his own plan, especially someone with his background and accomplishments.
Because we already have sales taxes, and Cain’s 9-9-9 adds a new and extra tax on top of the sales tax. Now, you can all it what you want, it is still effectively a sales tax heaped on top of an already existing sales tax, effectively, in most states, doubling that sales tax, so it basically is a VAT tax in sheep’s clothing. Call it what you want, it’s still the same screw job.
If polls consistently support him in SC and otherwise...I’m all for him. But we shall see...
I’m not convinced that the US Market is all that free. There are an assortment of very large economic interests that are very unused to real competition. Look at the auto-industry for example.
Have you been listening to Cain at all?
I’ll tell you what his “foreign policy” is based on illegals at the border - send the military if needed to protect our citizens from these invaders.
I think I read somewhere that the 9-9-9 plan, aside from being Satanic, is also a VAT tax. By the way - what is a W2? Is that some sort of Twitter code?
That is what Paul Ryan said a few days back. Unfortunately, the author misquoted him and said he "LOVED" the 999 plan when that was incorrect, (author's recant here: ( http://dailycaller.com/2011/10/13/paul-ryan-loves-herman-cains-9-9-9-tax-plan/ ), but Ryan did say he was really glad we have the 999 plan to start a national debate with.
You're right though that taxes have been and may always be somewhat complex. Even with this "simple" plan Cain is offering, he is now adding exemptions and differing percentages and adding new kinds of policies attached to the revenue.
Doing all those things are making his 999 plan much more complex than it may have seemed to begin with. However, it does give us a good national dialog to get better things going down the road.
Please let me emphasize one more time though, that as conservatives, we need to rise up against any liberal policies being added to his plan. Federal empowerment and enterprise zones attached to the national tax revenue need to be stopped dead in their tracks right now.
It is from the point of view of the consumer and it is a consumption tax no matter how you look at it.
“I agree with you that having a saving nation seems at odds with what we’ve been told about economics in our country recently, that our current problems are worse because no one is spending very much if at all possible, causing even more economic problems for recovery. I heard Dave Ramsey say the good part about Cain’s 999 was that it would cause more people to save more instead of spend more.”
Here, let me explain.
We don’t want a nation of ‘savers’. We want a nation of ‘investors’. There is a huge difference.
When money is saved, it’s put in a savings acct or under a mattress and it doesn’t do anything for anyone. The money actually loses value as it sits fallow with the gradual rise of inflation.
But INVESTING... ho, baby! That money is vital. It builds start-up companies and helps business to grow. Invested money helps dreams come true.
And the investor gets paid back by making money off their investments. It more than makes up for inflation.
In a *popping* economy, people make money. People make money just by letting the money work for them.
Now I’m not talking about a ‘bubble’ where there is an artificial inflation of a stock that’s not realistically able to be maintained. I’m talking honest-to-goodness growth.
Cain’s plan encourages investing and we’ll have the economy to back it up. Even poor people who could scrape together $50 a month would be able to get in on the action.
If we can pull this off and maintain it for the next 20 years, none of us would every have to worry about eating Alpo in our golden years.
And yes. I said ‘we’, not just Cain. Because it is US who’s going to have to hold our congress-critters’ feet to the fire to get them on board with this thing.
... and the drought. This is a *horrible* drought! My trees are dying. :(
Why are you so angry?
Have you ever owned a business that has competition?
Have you ever heard of WalMart?
Have you ever seen a gas station on one street corner drop their price by 3 cents, then watch the gas station across the street drop their price by 3 cents?
How about a pizza joint that sells a pizza for $24.00, when Domino’s across the street is selling pizza for $9.99.
Have you ever seen a business offer a coupon special?
Yeah, sellers of goods will keep their prices jacked up.
At least until one of them decides to drop their price and make it up in volume.
BTW, when the 9-9-9 plan is implemented, the economy will skyrocket, prices on most goods and some services will drop dramatically as the corporate tax rate is slashed, which will create more money for R&D, making the US competitive again in the Global market, not to mention they will expand and create jobs, creating a positive economic cycle, creating a larger tax base, etc...
Stop letting the left scare you. It’s exactly what they want.
“I’m not convinced that the US Market is all that free. There are an assortment of very large economic interests that are very unused to real competition. Look at the auto-industry for example.”
You have a good point. Which is why we must:
- kill the unions
- kill the 80,000 page tax code that’s being manipulated to favor cheaters
- kill regulations that hold back competition. (And yes, a lot of regulations are designed by the very industries that they regulate in order to stop upstart companies from getting too frisky. Protect the status quo at all costs)
But their prices will come down because of the elimination of all the embedded taxes from corporations, producers, transporters, middlemen, stores, etc.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.