[editor-surveyor]

>> “He misses the point, either deliberately because he can’t answer it, or because he doesn’t understand the point, which I doubt.

“The problem is that people who have SAVED money did so under the old income/payroll tax rates. When you spend money you previously saved, you will now get hit with a new 9% tax that you didn’t before, but you don’t get any of the “savings” from the 9% income tax. You DO get savings from the drop in corporate tax rates, but it’s not enough to offset the 9% sales tax.” <<

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Excellent analysis.

Cain needs to lose this albatross quickly, or it will kill his candidacy. None of his answers will fool anyone that really understands the accounting.

[Atlas Sneezed]

Cain needs to lose this albatross quickly, or it will kill his candidacy.

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Another Cain-concern-troll who hopes Cain is the nominee, but worries that this tax plan will prevent him?

[New Jersey Realist]

“The problem is that people who have SAVED money did so under the old income/payroll tax rates. When you spend money you previously saved, you will now get hit with a new 9% tax that you didn’t before, but you don’t get any of the “savings” from the 9% income tax. You DO get savings from the drop in corporate tax rates, but it’s not enough to offset the 9% sales tax.” <<

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I assume that these are your words because you are against a national sales tax. I don’t like it too much either except for the fact that EVERYONE pays it but answer me this: Doesn’t inflation bring about the very same problem? The money I have in the bank today will be worth a lot less two years from now under the present system. Isn’t there a chance that with a booming economy (that the 999 plan will stir up) inflation will be kept in check?