I didn't say that. I just wanted to get you to agree that Cain's plan is as much what you call class warfare as is Obama's.
lol
Not really NYCarb.. If we were planning a class warfare skirmish on the working poor, we
have to lie about them paying "a fair share" when in reality they were already paying MOST ALL of the burden. Also -- we'd have to blame them for all the economic woes of this country to distract the public from the obvious GOVT contributions to those problems and accuse them of out right theft. THEN -- we punish them for their transgressions.
None of that is happening here.
It's hard to deny that tax reciepts are incredibly top-heavy in the US. Thus it makes the nation vulnerable to downturns in the market. California know this. Their state income tax is so top-heavy that literally 35% of revenues comes from about just 50,000 individuals in the entire state!! A few months of a bad economy and California breaks the bank..
As far as Cain's tax proposal goes, I'm not fond of the fact that he's decoupled Soc Sec and Medicare from ACTUAL premium costs. Because the 9% income tax REPLACES the individual contributions to these funds. We KNOW that premiums will not stay historically flat -- so that removing FICA taxes is a bad idea to the financial stability of these programs. I'd PREFER that he leave the flexibility to ADJUST FICA as separate programs and NOT comingle all the entitlement revenue as tho it's just part of the General FUnd. That's what got us into crisis mode in Soc Sec in the first place..