My Man Herman Cain WITH SPECIFICS on His Economic Policy!!!

Discussion in 'Economy' started by GHook93, Sep 1, 2011.

  1. GHook93
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    GHook93 Aristotle

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    It's refreshing for a candidate to talk specifics in his plan. It seems all the other politicians ALWAYS bring up board talking point ideas, like cut spending by 10% (but never where), lower gas prices (but never how), get rid of the useless government agencies (but never which ones), cut taxes (but not specifically)!

    Well my man Herman Cain, has come out with his 9-9-9 plan and it's BRILLIANT! And it's only phase 1!!!


    Future President Cain's Creditials to BACK UP HIS PLAN:

    Man I love this guy!!!
     
  2. GHook93
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    GHook93 Aristotle

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    But the Cain plan is brilliant! 9-9-9! 9% income, 9% Corp and 9% Sales Tax! And no loopholes! Lower taxes without the playing the game of deduction. I love it!

    Too bad people aren't giving Cain the respect he deserves!
     
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  3. NGSamson
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    NGSamson Active Member

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    I like !
     
  4. Zagg
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    Zagg small el libertarian

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    However brilliant he may be, he doesn't stand a snowball's chance in hell of getting the Repub nomination, to say nothing of being elected president. He's a no-hoper.
     
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    What is his tax rate on Muslims?
     
  6. NGSamson
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    NGSamson Active Member

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    1000,000,000,000,000,%
     
  7. Mustang
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    Mustang Gold Member

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    A 9% national sales tax? That's a VERY regressive tax. That means that the middle class will be picking up a much larger percentage of the tax burden. Why do you think wealthy people are in favor of the fair tax? They don't care about being fair. They just want to eliminate the progressive tax system.

    It's also a consumption tax which might very well act to inhibit consumer spending even as it promotes saving.

    Eliminating the progressive income tax AND eliminating capital gains tax essentially shifts the tax burden to labor (working for a living) as opposed to investment (making money from money).

    And what's this all about in (1)? A 9% business flat tax ==> Gross income less all investments, all purchases from other businesses, and all dividends paid to shareholders.

    It seems to me if a company makes enough "investments," purchases enough from other businesses (maybe even subsidiaires?), and pays enough in dividends, that company can end up paying no taxes at all.

    Finally, how do we know that this proposal is revenue neutral considering that it will drive all new behaviors?
     
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  8. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    It's o.k.

    Nobody showed much interest when I floated 7-7-7 either, but that doesn't make Mr Cain and I any less right in our thinking.

    Simple taxes = Fair taxes.

    Fair taxes, a budget that is balanced by law and then build a government your kids will want.

    :smoke: It ain't rocket science, y'all.
     
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  9. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    It's a blend. Best kind of tax there is.

    Something less than 10% on income / something less than 10% on retail sales.

    The income tax is unfair to the wealthy / the consumption tax is unfair to the poor. The blend is fair.
     
  10. Avorysuds
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    Avorysuds Gold Member

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    Yeah, no thanks to Cain... I don't want another learning on the job President. He needs to get off the stage before he makes more of an ass of himself. HC is good on like 5 subjects, if you stray into one of the other 50 important subjects he's lost.
     

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