Cain's plan doesn't add up!

He failed as a pizza company boss and the Kochs have been funding him lately, although they claim to have stopped paying him when he announced his run.
 
Return of Dune said:
http://www.usatoday.com/news/opinion/editorials/story/2011-10-13/9-9-9-Cain-tax-editorial/50761434/1

Wealthy people in the 35% top tax bracket would find themselves paying 9% instead. Beyond that, the Cain plan would abolish taxes on capital gains, two-thirds of which are reported by taxpayers with annual incomes above $1 million, and on estates. No wonder 9-9-9 is so popular in certain circles.
If the rich pay less, the money has to come from somewhere, namely from lower-income people who now pay little or no income tax and who would also get slammed by the 9% national sales tax on food, clothing and other goods.
Talk about regressive.
Cain claims his plan is revenue neutral, but Bloomberg News estimates that 9-9-9 would have raised about $2 trillion last year, or $200 billion less than the government collected. Even giving Cain the benefit of the doubt, $2.2 trillion isn't enough at a time when the government is spending $3.7 trillion. To balance his first budget, something he promised in the debate, President Cain would have to slash $1.5 trillion in outlays — an amount equal to Social Security and defense, combined.

More at link.
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Obviously, 9-9-9 would benefit the rich more than the poor, but that's not to say it wouldn't benefit the poor -- on the contrary, I believe the economic growth that the 9-9-9 plan would produce would help the poor tremendously.

Personally though, I think capital gains should be taxed. Also, the rates should be slightly higher so it's at least revenue neutral. 10-10-10-10 (10% income, 10% sales, 10% business, 10% capital gains) is probably more workable.
 
Thor said:
Obviously, 9-9-9 would benefit the rich more than the poor, but that's not to say it wouldn't benefit the poor -- on the contrary, I believe the economic growth that the 9-9-9 plan would produce would help the poor tremendously.

Personally though, I think capital gains should be taxed. Also, the rates should be slightly higher so it's at least revenue neutral. 10-10-10-10 (10% income, 10% sales, 10% business, 10% capital gains) is probably more workable.
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Good to see you posting, even though you are wrong.
 
Yurt said:
why do you constantly lie about this? it was DIRECT QUOTE from cain.

you are truly pathetic
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I am not lying you liar.
I posted a video in this thread, with Cain speaking. It is 3 minutes long and even Dixie watched the whole thing.

If Dixie can do it, you should be able to.
Don't try to tell me that heresay is better than video.
 
Return of Dune said:
I am not lying you liar.
I posted a video in this thread, with Cain speaking. It is 3 minutes long and even Dixie watched the whole thing.

If Dixie can do it, you should be able to.
Don't try to tell me that heresay is better than video.
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He does not say it is not HIS PLAN! He says twice during the snippets these bozos play, that it is "MY PLAN." Please point out the specific point in the video where Cain states that this is NOT HIS PLAN as you keep claiming he said! If you can't do that, you are a fucking LIAR, do you understand this?
 
Dixie said:
He does not say it is not HIS PLAN! He says twice during the snippets these bozos play, that it is "MY PLAN." Please point out the specific point in the video where Cain states that this is NOT HIS PLAN as you keep claiming he said! If you can't do that, you are a fucking LIAR, do you understand this?
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If I have a copy of Huck Finn, is it my book?
Or is it only my book if my name is Samuel Clemmens?
 
Cain stole the 9 9 9 plan from a video game, didn't he?Is he going to claim he was joking and tell us we need a sense of humor?
 
9-9-9 for Dumbasses?!!

Cain-DummiesBook.jpg


999-cain.jpg

http://www.washingtonpost.com/blogs...-the-999-plan/2011/10/12/gIQAHszPgL_blog.html
 
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