Herman Cain’s 9-9-9 Plan: Buy Less, Pay Less

I’d rather have a former pizza guy than a former Baskin Robbins ice cream dipper.

That is such a wonderful approach I get goose bumps just thinking about the wealthy getting
more and the middle getting less and less…

Cain is absolutely right. You cannot use a static model when looking at tax impact. Increased prosperity and increased “sales” can and will result in increased tax revenues if the tax is properly placed. Obama’s mistake – taxing profits at higher rates is self-defeating as it lowers the desirability of making pre tax profit. It sets up an “after tax” mindset of looking for loopholes and accounting manipulations. It discourages growth. Herman’s plan is bold and exciting and could revitalize the USA.

Regardless of party, Herman’s plan changes the game entirely. Instead of simply adding taxes in all the wrong places while trying to increase revenues, his approach reforms the tax system – something that we’ve all cried out for for many, many years. This is a mark of real leadership, instead of high-minded academics and their social engineering approach which is clearly falling flat on its face.

And wendell ur kidding right??? That’s the best part about 999. With corporate taxes the lowest in the world… 1. Why wud company’s relocate? And 2. Why would they stay in a country with higher tax rates?

Posted by: Georgie_Bushie….LOL! …… adding ANOTHER 9% federal sales tax to everything I buy,
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Just when I think you couldn’t be more ignorant, you post something else to PROVE ME WRONG! Will wonders never cease? ;o)

Business owners and CEOs: What is the biggest factor in keeping you from hiring more workers? Is it that you cannot afford new hires because your taxes are too high, or is it that you don’t need to hire more workers because your current staff’s production is already meeting demand for your products? Maybe a little of both?

With 9% unemployment, I understand that we don’t want to raise taxes on “job creators.” Cain’s plan lowers taxes for businesses, but effectively raises taxes on poor and middle-class consumers. The problem is that businesses are not de facto job creators — not on their own. They are only one side of the supply-and-demand equation.

Businesses aren’t going to make new hires if there is no one to buy more of their products, and the middle class will not be able to afford as many products if it has to spend more in taxes on every purchase.

THWACHT, September 27, 2011, 8:17 AM:

“Businesses aren’t going to make new hires if there is no one to buy more of their products, and the middle class will not be able to afford as many products if it has to spend more in taxes on every purchase.”
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EXACTLY! …. throw on an additional 9% on all may purchases and watch how my wallet grows a pad lock.

Do you really think Congress and the libs will keep a 9% income tax?
What we will have is a 30% income tax with a 9% National sales tax.

Well, I guess a lot of folks know little about macro-economics and human nature. Thus far during this administrations term, we’ve seen the results of such ignorance. I wonder how so many people got wedded to our wacko income tax system? Everyone complains, but talk of changing it – and they all run away screaming.

I have yet to hear any of these politicians volunteer to become one of us in wages, health care, insurance and retirement.

DAVID:
When you “consume” something somebody else cannot use, and benefit from that use. This is the appropriate place for a tax.

When you produce something that people want and desire, you benefit society and yourself and this positive action (production) should not be hindered by taxation.
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So I shouldn’t be taxed for growing tomatoes in my backyard garden, but I should be taxed for eating them?

Capitalism is still the engine of our economy, not communism. That is why we have always taxed transactions, not production or consumption.

You comment doesn’t make sense to me. Please clarify if you can.

Don’t worry because the elite will never let him be president. He’s not a corporatist like Bush & Obama. He wouldn’t play their game!

This discussion is moot. Republicans of 2011 will never, ever, ever select a Black man as their presidential candidate. Period. Anyone who thinks Cain has a snowball’s chance in hell of getting the nomination is delusional……………

Cain’s plan: If you have to spend most of your income, you get taxed 9% on your income and 9% again when you spend it – similar to what you’re paying now. If you’re very wealthy and make most money from government bonds, capital gains and dividends, you pay 0% on your income and since you don’t spend most of it, you’re barely taxed at all. That replaces “oppression”???
Posted by: The_Mick | September 27, 2011, 8:15 am

Exactly! This plan would ensure that the poor and middle class STAY poor and middle class (if they’re lucky). While the rich are barely affected at all. Well, at least we know Cain is a pure Republican. I can understand him wanting to keep the plan simple, because of the intellectual capacity of his base. But it is also incredibly simplistic…………

Posted by: Searambler | September 27, 2011, 9:06 am 9:06 am

WARNING!
Racist comment!
Don’t read the above SeaRambler Post.

Or…….we could just stick with what we’ve got, and use the Obama method of mass suicide.

It doesn’t look like many understand that the big huge chunk of your check that disappears and says FED next to it would not be there any longer…

I doubt this would work but it’s nice to see true “change” in a candidate. What we need is someone to come in and actually fix the root problems. Education, Taxes, Illegal Immigration…the stuff that is driving our problems, not these silly surface fixes that just throw money at the issues.

Searambler, Why do the left still continue using race in politics as a form of leverage and agitation? Personally I am now starting to believe that the left will never let racism die, because they can’t afford for it to. The left requires it as leverage and will do whatever they can to play citizens against each others. Class is another chosen point of contention they enjoy using to fan the flames of discontent. I don’t think that will keep working much longer unless even stronger indoctrination is used in schools to convince the children they should perceive those notions as well while they are very young and vulnerable to that kind of manipulation. Maybe the unions could help the teachers obtain the materials needed for just such a thing through some government program. Nah, that would never happen. Right? Last time that was done it turned out real bad, even though it started out with the best intentions, regarding health care, social justice, eradicating the bourgeois and elevating the proletariat, central planning, education… It was real popular overseas and the man behind it all was Time’s “Man of the Year” and there were calls then as now to implement that system here. Now, I am a Tea Party supporter and I do support Herman Cain. I think he’s very good. What do you think of him other than to comment on his race?

Posted by: Searambler | September 27, 2011, 9:06 am 9:06 am
WARNING!
Racist comment!
Don’t read the above SeaRambler Post.
Posted by: Noz | September 27, 2011, 9:20 am

LOL!!!!!! “Danger Will Robinson. Danger!”

How is pointing out racism in someone else being racist? Republicans will not select a Black man as their presidential candidate. Everyone knows this. It’s just a continuation of the Republican’s Southern Strategy. That has worked for them for 40 years. What makes you think they would change it today…..?

Um, I live in Louisiana, that’s in the south searambler…and I’m a Republican…and I will vote for Cain, as he is the only candidate that will get me off my butt and to the polls. You’re the only person on here bringing race into the equation, everyone else was talking about taxes….way to Troll

Forrest Gump is a Republican | September 27, 2011, 9:37 am 9:37 am —- The DotCom era is what caused the skyrocket during Clinton, not his tax rates, but then the DotCom bust happened and he handed Bush 2 a recession. As I said, your numbers mean nothing unless all else was equal, and it wasn’t.

Posted by: Forrest Gump is a Republican | September 27, 2011, 9:37 am 9:37 am

My day is complete now that Georgie Bushie has posted his Color In the Lines Fun with Numbers daily Liberal Rant.

: o )

Black republicans should hang their heads in shame. Cain’s plan will do nothing to stimulate a weak economy or bring jobs back to the United States. Would this plan be revenue neutral or a increase in federal taxes. How does this plan eliminate the difference between Chinese workers and American workers or lure capital spending back to the United States.

posted by W C BOYD
Your racism is showing why does black republicans have to hang their heads in shame? Just because Cain is black doesn’t mean he represents every black republican in the country. Some black republicans are fans of other republican candidates which I could never understand why anyone would support these morons. Should every white republican hang their heads in shame over the ignorant stuff that comes out of Sarah Palins mouth. This shows your limited thinking when it comes to people and why others should run fast away from the republican party.

Searambler | September 27, 2011, 9:49 am 9:49 am —— 48% of households not paying any federal income tax is a serious burden and you know it. I am more for a simple graduated tax where the poor have to pay a minimal amount, but you and I know that will never happen either. So what’s the answer?

“Yeah, I keep forgetting it was all those poor and middle class people getting home loans that destroyed the economy and put us in a recession.” – SeaRambler

You may have a point SeaRanmbler.
That avalanche of foreclosures crashing down the financial mountain probably had as much effect on the economy as Carbon Dioxide has on Global Warming.

: o )

Go Herman! We from the Tea Party Love You! (despite what the main media calling us the R word).

Did you know Mr. Cain is SMART AND HAS COMMON SENSE: He earned a Morehouse College with a degree in Mathematics and Master’s degree in Computer Science from Purdue University while working full-time developing fire control systems for ships and fighter planes for the Department of the Navy… Somethings the media just don’t want to report…

Concerned? if you ARE concerned, you’d know what Mr. Cain knows, you need to help the middle and low class by providing economic growth… not handouts.

Correction (what can I say, it’s early) “I know of a self-employed ‘cleaning lady’ who charges $75 an hour, works six hours per DAY, six days per week and does not pay one dime in income tax”

While this levels the playing field on taxes I don’t see how this plan would ever get approval from low-income (and fixed income) voters. If in fact low income people are spending every cent they make and paying 9% tax on all of it, and will be taxed 9% flat tax on all of it in addition, they’re going to be paying 18% on their income rather than 0% or close to it. At the least it illustrates what happens when every would be expected to pay the same rate. People already paying the majority of taxes (i.e., those making over $33K/year) would welcome the tax cut, but leaving things alone with the “rich” paying 38% of taxes and the “ppor” paying 3% of taxes probably is looking better and better to the people demanding that everyone pay their “fair share”.

NOZ | September 27, 2011, 9:49 AM:

“My day is complete now that Georgie Bushie has posted his Color In the Lines Fun with Numbers daily Liberal Rant. : o )”
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LOL! …… Look everyone, Noz is showing us his “deer in the headlights look”: ……… :o) ……….. the usual look he has when he can’t counter any data and facts and all he has left is “right-whining”… hehehehehehehe!

Hey Noz, I promise you though, my re-publi-tard-minion friend, when the next Republican president (if we ever have one again) actually cuts government spending, and doesn’t just do what Reagan and Bush did with cutting taxes WITHOUT having the leadership kahunas to cut spending….

… Reagan resulting in a debt increase of $1.7 Trillion (compared with Carter’s $280 billion increase) and Bush resulting in a debt increase of $4.9 Trillion (compared with Clinton’s $1.6 trillion increase)…

… I promise, just for you, I’ll vote for him when he comes up for re-election. Until then, I’ll let fools like you vote to put another so-called ‘fiscal conservative’ (LOL!) Republican in office.

Until then, I’ll vote for the reasonable guy (Obama) that realizes that if we want all of these federal government toys, including…

* A huge defense department –> Pushed by those “smaller government” Republicans
* A huge NEW federal department called the Department of Homeland Security –> Created by those “smaller government” Republicans.
* MEDICARE Part D –> Started by those “smaller government” Republicans

… somehow we must pay for them.

These far-right need to learn from the lesson of the Soviet Union and Eastern Europe. No, the Soviet Union and Eastern Europe fell not because they helped the people. It was indeed because they squeezed the people! Those Red Communists claim to be communists while in fact they are monopolies, they are capitalists to the extreme. They exploit people to the max and leave nothing left for them to live on. What they don’t see is the people are the foundation of their system. When the people collapse, they collapse. When the people die, they die. You can’t be King without the people. Less can mean more. You take from the people but leave enough for them to live on and prosper, you will prosper. Otherwise, the people collapse, you will collapse too.

Where can I get an “Anyone but Obama” bumper sticker?

This is like the Forest Gump candidate. Those that follow this and champion it are about the same. Over a million CPA’s out of work and I have yet to look up those IRS workers. The poor losing homes over higher taxes. Yeah, this will really help the economy. About all it makes sure of is some at the top pay even less.

Searambler | September 27, 2011, 9:49 am 9:49 am —— 48% of households not paying any federal income tax is a serious burden and you know it.
Posted by: CommonSenseParty | September 27, 2011, 9:56 am

I know it?!?!? Nope. Ever ask yourself WHY half of the employed country ends up not paying any federal income tax? Or why millionaires and billionaires virtually ALL pay a smaller percentage of tax on THEIR income than middle class people do? When a hedge fund manager who made $5 BILLION last year paid federal taxes at a 15% rate, I consider THAT to be a serious burden. Because at the same time, the family of 4 making $60 grand a year paid a higher RATE for their taxes than that billionaire. Republican politicians want to maintain this inequality. Well, actually, they want to LESSEN the millionaire’s “burden”. Because they consider him to be a “job creator” and a “small businessman”, even though he is neither. America has been very, very, very, very, very, very, very, very good to rich people and big business. VERY good to them. Especially in the last decade, as ALL the numbers for them prove. And yet here they are, when the chips are down, fighting tooth and nail to keep every last penny they possibly can, while convincing people that the poor need to pay more money so they can pay less. It absolutely boggles the mind that they get away with it………

YES WE CAIN!

Herman Cain wants to build his own Ponzi scheme called the United States Government and fund it with a flat tax (thanks again, Steve Forbes) that will send our national debt spiraling out of control and hand millions in tax breaks back to the rich. Of course, no one could expect our Galtian Overlords to tolerate another African-American in the White House.

Pretty racist attitude you have there, sea…i reckon its because Cain is TOO black…he’s not a purdy mocha color like you liberals like. Thats the only reason you guys are against him…….now see how stupid that sounds? That is EXACTLY how you charges of racism in the GOP sound, regardless of how you try to rationalize them.

Pretty racist attitude you have there, sea…i reckon its because Cain is TOO black…he’s not a purdy mocha color like you liberals like. Thats the only reason you guys are against him…….now see how stupid that sounds? That is EXACTLY how you charges of racism in the GOP sound, regardless of how you try to rationalize them.

Posted by: ncpilot15 | September 27, 2011, 11:12 am 11:12 am
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Since he hasn’t been one of them over in Orange County heckling the Muslims, nor has he been caught mailing out fliers showing Obama as a monkey, it does sound dumb. Ya’ll had signs about him being from Kenya. Signs showing him with a bone thru his nose. Yeah, it was a bit over used. But then again there’s been a wad of real racism. Continue on with your denial.

“Pretty racist attitude you have there, sea…”

LOL! No it isn’t. You’re claiming that my attitude is racist is an attempt to deflect the focus away from the racism in your Party. No, not everyone in your Party. But a lot of them. Deny it all you want, that won’t change my mind. If Cain really IS “all that”, then he should be the front-runner for the GOP nomination, right? So why isn’t he? Why is he losing out to a ‘good ol’ boy’ southern governor and a rich northeastern RINO? Heck, he even won the Florida straw poll, which everyone KNOWS is an accurate predictor of future success. So why is he still trailing so bad in YOUR Party? According to his supporters, he’s a great businessman, a self-made man, a god-fearing man, a plain speaker and a straight shooter. So why is he faring so badly in YOUR Party?

999 to eliminate the IRS and corrupt corporate lobbying and tax breaks. Also love the idea of personal
accounts to replace the insolvent SS system that congress only sterals from.

Tex, I have absolutely no control over who the Republicans select as their nominee. None at all. That ball is squarely in THEIR court. So do you think they will step up and nominate Herman Cain as their man? With their anti-government, anti-politician mood of today, he seems like their ideal candidate. A successful, self-made businessman with no political experience, and thus no political baggage. Will the GOP send him up against Obama?

ncpilot15 | September 27, 2011, 11:25 am post:

Ouch! Looks like someone struck a nerve. It must be hell, being a non-racist in an organization that is known across the land for its racism. You have my sympathies…………..

Forgive me Herman Cain Lovers. I like him too but the truth is the truth.

Herman Cain’s presentation of his 9 9 9 plan is GROSSLY flawed.

Mr. Cain says “for people paying 16.3% social security, they would pay 9%”, The trouble is THE INDIVIDUAL DOESN’T PAY 16.3%. The individual pays 1/2 and the employer pays 1/2. So the individual goes from 8.15% to 9% and the company goes from 8.15% to zero. Say in the individual goes from 16.3% to 9% is simply not true. What is worse is any person who has ever signed a pay check should know this. It is a very BASIC fact.

Then when the employee goes to the store to spend the smaller amount he is charged another 9% sales tax.

Lastly if the employee is a family with children they file a tax return at the end of the year and get back some, all, or even more than the 8.15% deducted form their check. They would no longer get the big tax refund each year they are used to.

Smaller take home pay .85%
Increased cost of all purchases 9%
Loss of investment earned income tax credit 0 to about 12%

As a group this 47% goes from -2% to plus 18%. This is a change of 20% of the gross earnings of the entire 47% of the population.

Since there is a combination of single, married, and married with children not all get earned income tax credit but for the 47% who pay no federal income tax the effective rate for the group goes from -2% to +18% which is an increase of 20% of their gross income and it affects roughly half of the working population.

It is a very large reduction to business and a very large increase to lower income individuals.

I can’t be the only person who sees this. When the plan is actually understood and explained Mr. Cain’s credibility will go to zero if he keeps saying individuals will save 16.3%. What is more concerning is that he doesn’t seem to understand his own plan and has made such a major mistake.

If there were some provision to capture the Employer’s share of FICA and credit it to the employee it would be the 4 1/2 – 13 1/2 – 9 plan not the 9 9 9 plan. That too would still be a huge increase and has other problems but would more closely match his presentation of the 9 9 9 plan. There is simply no way to make this idea viable without major exemptions and offsets which puts us right back where we are now.

Well, it’s one way to sock it to those individuals involved in illicit activities; if you have enough ready cash to buy a couple of matching XKR-S, you will pay tax. If you’re middle-class working poor and can only dream of an XKR, you won’t.

@common sense, this plan makes the rich wealthier i agree, but it also makes the poor wealthier. It reduces personal income tax on middle classes too. And the poor do not spend much on expensive items anyway which are taxed the most.

sales tax increase will be offset by income tax decrease.

“Cain’s plan: If you have to spend most of your income, you get taxed 9% on your income and 9% again when you spend it – similar to what you’re paying now. If you’re very wealthy and make most money from government bonds, capital gains and dividends, you pay 0% on your income and since you don’t spend most of it, you’re barely taxed at all. That replaces “oppression”???” The Mick —- BINGO!! You hit that nail squarely on the head.

Cain does have some great ideas but I don’t think he will get the nomination. The other candidate that has fabulous ideas is Ron Paul. His ideas would almost eliminate the taxes that we pay. People call him an anarchist and that he want to eliminate our government. Not true. The media only tells you a small part of what he thinks we should do. Yes he does want to shrink the size and scope of the Federal Government. WHat they don’t tell you is the other part of his message is return the power of government back to the States. Let them regulate themselves and get the Federal government out of our daily lives. If something needs to be regulated let the state take care of that. Peoples needs and wants are better served at the State level and we don’t need Federal intervention in ever aspect of our daily lives. We are the United States of America, not the Federated States of America. Why do we have all these Federal Depts. (all unconstitutional) in place when we have State Depts. that can do the job so much better and at a lower cost? We need to shrink the Fed to the levels allowed by the Constitution and shut down any Federal Dept. that is a redundancy of a State level Dept. Why is this considered whacko? What is wrong with this country and this government sticking to the Constitution?

mike | September 27, 2011, 11:42 am post ——- Mike, read the post directly above yours, the one by Skip Bales, and tell us where it is wrong. Calling us “stupid” and “racist” doesn’t address the specifics of Cain’s proposal. So please, tell us where Skip Bales assessment of the Cain proposal is off……………

ncpilot15 | September 27, 2011, 11:25 am 11:25 am …………..

LOL I could care less what your ideology is. You seem like a nice enough person. Even reasonable. But it’s a myth there aren’t plenty of examples of racism off of “your chosen side” there. Like I’ve said, I’ve seen the left say this when it’s not warranted. However, If you associate with certain friends and they behave a certain way it typically reflects on you. That is just the way life works. Here I’ve sat saying I’ve seen this said unfairly off the left yet you’ll never admit some on the right have certainly behaved racist and it’s wrong. Instead you tell somebody to stuff it it they dare suggest this. Either I touched a nerve or you’re fighting with your wife today.

I like this approach if it A) excludes all exemptions, federal subsidies, etc. so that everyone pays 9% of every thing they earn and everything they buy, B) eliminates the need for personal income tax filings, and C) taxes dividends and capital gains as regular income. The wealthy will pay more because their accountants can’t game the system so they pay nothing, and every time they buy stocks and bonds and million dollar homes, they pay 9%. It also forces the 47% of wage earners who pay zero federal income tax to help support the government that they vote into office. I am sure it will never pass because too many sacred cows would go by the way side.

Kart. I see what you mean. Actually I was thinking the individual would have to have a 4.5% (half) rate to offset the fact that they would only save 8.15% (half) and the employer would have to pay 4.5% more than the 9% because they would be the recipient of the second half putting them at an effective 9%. Anyway you look at it, it doesn’t work anything like Herman Cain is presenting it and that is what I worry about.

His opposition is going to look at this as he gains momentum and his lack of accuracy could unwind any good that might come of some kind of a similarly structured plan. He is presenting this as a professional plan developed by “experts” then makes a basic blunder which blows his whole example.

Also, the concept that this group won’t pay tax on what they save is not valid. This group lives paycheck to paycheck. They spend it all and need to in order to get through the month.

Tell you what, Republicans. If YOU make Cain your presidential nominee, I promise I will vote for him. If YOU decide next year that Herman Cain is the best, most qualified Republican you have to be the next President of the United States and Commander-in-Chief of the Armed Forces, then he will get my vote. I promise. So the ball is in YOUR court now. YOU need to make it happen…………….

Cain is doofy dumb , like most conservatives I’ve met or read about. People spending less is most certainly NOT what the US economy needs. What the US economy needs is some moderate to significant GDP redistribution to where the middle class has some excess funds to spend / invest , end of story. Raise taxes on the richest , it’s the only fair solution.They’ve been raking in the profits since Reagan (1981) thanks to the slimy conservatives who’ve cut their tax rates for the last 30 years .

To all. I like Herman Cain. I like that he has a new idea. It is a place to start. What I don’t agree with is that you can be WAY off and not think things out before presenting them. You lose all credibility.

Like the above comments about the flat tax being bad for the poor and good for the rich. It depends on how it is done. If it is tiered it can be progressive like we have and if it lessens deductions and replaces them with a lower rate it can simplify and improve what we have now.

The same with a national sales tax. It can be structured to be progressive as well. The tax rate can be zero on necessities and higher on luxuries and so forth.

My whole point is a person running for president has only one chance. One big mistake and they are OUT. Just ask Dan Quayle how to spell potato (e).

Herman Cain is a businessman and anyone who has ever run a business knows you come up with CONCEPTS first, THEN work out the details about how to make the concept work.———————-Sounds like HCR to me. I’m glad you feel this way , you should be supporting the Affordable Health Care Act 110%.

999 ‘s are 666 turned upside down

The Tax Policy Center estimates that cutting capital gains taxes alone would allow 23,000 millionaires to pay no income taxes, a move that would add $11 billion to the deficit each year. Here we go again!!!Tax cuts DO NOT cause deficits!! Spending more than you take in is the definition of deficit spending. Cut the spending to be in line with income. DUH! Why must the liberal media perpetuate this moronic lie? We all know why. The problem with Cain’s plan isn’t that it doesn’t make sense. It’s that it would put many thousands of of lawyers, accountants and lobbyists out of a job and force EVERY AMERICAN to contribute something toward the cost of our federal government. The liberals hate that.

Good concept, but bad numbers! — I think Cain picked the simplicity for a “catchy phrase”, but there are flaws pointed out here by conservatives and progressives alike! — 1) “flat” tax doesn’t take into account the effect of a 9% income tax on the poor. — 2) A 9% sales tax is too high, it might “make or break” some durable goods purchases. — 3) A 9% corporate tax rate will never be agreeable to Dems… not while they are so busy demonizing capitalism (as small-minded as that is)! — How about a Two-Level income tax (say 3% & 12%)… a 4% national sales tax… and a 15% corporate tax rate??? — What am I overlooking here??

I remember clearly when Reagan started in about that “trickle down” crap , now ~30 years later look where we are . It was a bad / stupid idea , but that didn’t stop Americans from swallowing that tripe bait hook line and sinker , like the dumba55es Most Americans are. Do not let sophists with a patent and tacit right wing agenda ( i.e. like Cain and the rest of the lying conservatives ) fool you (again) , you’ll be sorry…

Why are we wasting so much time jawing about a flat tax? Neither party would ever go for it. They could not do their loopholes for the special people as political payback.

american_duh 1:04 pm —– It is YOU that is having the “bad math day”!! ——- In 1980, when the top tax rate was 70 PERCENT… the richest 1% paid 19% of all income taxes… in 2010 that figure was 40%… so the progressive concept of “taxing the rich” has been “successful” over the last 30 years!! — Also… the “Buffet Rule” was debunked almost immediately… the average “rich” taxpayer has been paying considerably more income taxes than their employees… just because Buffet only takes capital gains income is not the norm!! — I have a question for you…. don’t you think “everyone” should have a little “skin in the game”?? — Don’t you think the people making even a modest income should pay a “small amount” of income tax??… if for no other reason, to instill a sense of “responsibility” and “duty” to American citizens???

Where can I get an “Anyone but Obama” bumper sticker? _____________ Try any lobby of a Koch Brothers business.

Attitude said: “Why are we wasting so much time jawing about a flat tax? Neither party would ever go for it. They could not do their loopholes for the special people as political payback.”

Too true! This is exactly why “we, the people” should be insisting on moving to a flat tax system, so that it is the American voter whose voices are heard in Washington D.C. over the voices (i.e., money and favors) of all the special interest groups, big corporations and even foreign interests.

Herman Cain’s 999 Tax Plan calls for the following:
9% Corporate Tax
9% Income Tax
9% National Sales Tax

When you add a new 9% National Sales Tax to the various State Sales Taxes
this means the net sales in most states becomes a massive sales tax, for example:

Texas Sales Tax = 8% + 9% Herman Cain Tax = 17% Sales Tax in Texas

New Jersey Sales Tax = 7% + 9% Herman Cain Tax = 16% Sales Tax in NJ

South Carolina Sales Tax = 9% + 9% Herman Cain Tax = 18% Sales Tax in SC

Idaho Sales Tax = 6% + 9% Herman Cain Tax = 15% Sales Tax in Idaho

Or does Mr. Cain expect the states to eliminate their sales taxes, which would destroy their already insolvent balance sheets.

Either way, seems to mean this plan either bankrupts the citizens or bankrupts the states.

american_duh 1:37 pm — Make sure you catch my 1:41 post!! — DUH!

I like this guy. Why not have everyone pay 9% income tax and corporate tax, get rid of the loop holes and have everyone pay a 9% consumption tax??? This makes way to much sense for the liberals to comprehend.

The inevitable result to such a plan would be widespread rioting in the poorest communities, loss of revenue to the federal government, and shattered economies in states that already charge sales tax. But the wealthy would have dramatically lower taxes, so there’s that.

Hang on for a second – before anyone gets excited or ticked off about Cain’s 9-9-9 plan, let’s discuss the transition plan. You know, how do we go from our current system to his 9-9-9 system, and how long will it take to implement? Oh that’s right, I forgot. None of the current crop of Republican’s jockeying for position in the primaries has released a transition plan. Obama released one for the Affordable Care Act and lobbed a 2014 date out – really ticked everyone off. Bottom line, Republican, Democrat, Independent, your ultimate solution doesn’t matter without a transition plan. Speak to that and then maybe, just maybe, we can review your proposals. Unless of course I’m missing something and someone knows of a website that shows each candidate’s transition plan?

I can’t believe I wasted part of my day arguing about this here. Cain will NEVER BE SELECTED BY THE GOP AS THEIR NOMINEE. His plan will never be implemented because it is fundamentally flawed and protects the rich at the expense of the rest of us. I’m done wasting time here on this fantasy…………….

“So the census bureau took tax information? News to me.”===========Nah , it’s just some loony conservative trying to defend the indefensible with a big dose of right wing sophistry . People who spew out raw statistics are the worst . “There are three kinds of lies : lies, damned lies , and statistics. ” Sophists dearly love statistics , always have always will . The thing they DON’T like is in-depth review of statistics by objective non-partisan groups like FactCheck ( which started up during the Bush administration’s lying spree , no coincidence there ) or the CBO , who put of pages of statistics that said the HCR was the best plan put forth during the health care debate , and what did the conservative camp reply ? ” Oh , b/s , those statistics are crap , and liberal lies. ” I’m sick and tired of conservatives and their pandering petty disingenuous lies .
They have no problem calling a turd a diamond if they think someone just might believe it , especially if they can sell someone that “diamond” for a profit .

Charles ACAI–”When you add a new 9% National Sales Tax to the various State Sales Taxes
this means the net sales in most states becomes a massive sales tax, for example:
Texas Sales Tax = 8% + 9% Herman Cain Tax = 17% Sales Tax in Texas
New Jersey Sales Tax = 7% + 9% Herman Cain Tax = 16% Sales Tax in NJ…

I’ll avoid posting your entire satement, but the fact is that you are using states which would have high sales tax a examples when these states have low or NO state income tax currently.. Yes there would be a 17% tax in texas.. For citizens who would pay NO state income and would now have a reduced federal tax rate… Doesn’t sound too bad to me…

Searambler 2:30 pm —— Good point, LOL!! —– Glad I wasn’t here but for a few posts!! — Have a good day!!

“…cutting CORPORATE tax rates = growth in revenue…”————–If that was all that jelly bean munching moron Reagan did to raise revenue then your equation would have some relevance , but as is it is useless / wrong , just like most everything coming from the conservative side , for years and years to boot .Ron Reagan (R) started the US govt. taxing SS benefits during his tenure in the Oval Office and THAT is what added to the US revenue coming in as you cited . Now SS has a slight problem I hear…Duh.

Ms T-Mac–”The Black community does NOT vote on color, as so many think. We vote just like everyone else — for the BEST man”– RIGHT… at a 97% rate for Obama in 2008… And they currently support him at a rate of over 75% despite the fact that BLACK unemployment is 16% and unemployment among young adult (25 and down) African Americans is over 40%.. So… unemployment (U-6) is over 25% for African Americans at large and yet three out of four still support him because he is “the best” and not because he is black… REALLY???

It’s funny how many people here are complaining about the 9% national sales tax being added without factoring in the decrease from 25% to 9% income tax. So you get 16% more of your paycheck, spend 9% more on goods… last time I checked, that still nets an individual 7% more than you had before…

Of course this only applies to those of us who actually have to work for a living instead of getting government handouts… so maybe that’s where the liberals take issue with this plan?

One more thing, how does taxing everyone equally somehow equate to protecting the rich? You want to elminate tax loopholes for the wealthy? This is the way to do it. 9%. No games, no gimmicks, no loopholes. 9% for you, 9% for me, and 9% for every millionaire and billionaire.

It’s the same game from the Left every single time:

Shift the subject
Ignore the facts
Name-Call

P.S. You forgot to call me a racist.

MARY–”Look at these comments! Uneducated idiots! The math skills of the average American are at a third grade level. Makes me want to puke when I read these comments from those who are so damn sure of themselves.
A flat tax is by nature totally unfair.”—-
Really?? Lets test your theory about what is fair and unfair. A flat tax would tax everyone at an equal rate..Thats fair.. true that those who make less would pay taxes on most of their income since they use more of their total income to buy stuff but they are also the one’s who benefit most frm tax revenue (in the form of entitlements).. Now lets look at the other side of the coin.. the side that we NOW have in place.. the rich PAY FAR more in taxes than the poor, yet almost 60% of revenue pays for entitlement programs that benefit ONLY THE POOR or lower middle class.. not the rich… So, currently the rich pay more and get LESS benefit from the surrender of THEIR money to the government, while those who make less, pay MUCH less and reap most of the benefits from taxes paid.. Yet you think that a flat tax would be UNFAIR??? Before you talk about others’ math skills, maybe you should examine your own short comings in the category of LOGICAL REASONING.. seems to be pretty lacking…

All the focus on this plan is a bit premature. It’s a plan. Even if Cain were elected, his tax plan would need to go through congress, where the numbers would be crunched and the plan amended then, if, and only if, it were to pass both the house and the senate, it would most likely be signed into law – that’s a long, long way off. But the plan as it is is a good starting point for conversation. I like Cain. I like his business approach to the issues and that he is not a political insider like just about every other politican in Washington. As much as I hate to say this because I know it sounds racist, Cain is the only republican contender who can go up against Obama and have a true contest of ideas without the issue of race and cries of racism constantly distracting voters. And his ideas and his approach are just what the country needs right now. I hope he gets the republican nomination, and I hope he wins the presidency. Personally, I don’t think his ideas about taxes or the economy are any worse than the current president’s or the last one.

A secondary concern would be those states that already charges sales tax. Say you live along the border of one state that charges sales tax and one state that doesn’t. Wouldn’t one go to the state that doesn’t charge sales tax? What would that do to the economy and income of the state that already charges sales tax? It IS a states rights issue – no matter how you want to spin it. The states that currently charge sales tax would be forced to move to a state income tax.

A third concern would be overall revenue to the federal government. Yes, the wealthy currently pay the majority of our taxes. There is little to indicate that increasing the burden on those who aren’t financially stable (the bottom half of the country) would offset the loss of revenue from the top half of the country. A loss of federal revenue is the most likely outcome.

No doubt this is considered a great thing to the same people who complain bitterly about the debt and who are ardent supporters of military spending.

“Cain has anything to offer for the middle class. He is a “true” Rebublican — all for saving corporate businesses” posted by Mrs. T Mac ……. and if corporate businesses aren’t saved, what happens to the middle class? Hint (businesses are the reason why the middle class even exists).

Jim–”Say you live along the border of one state that charges sales tax and one state that doesn’t. Wouldn’t one go to the state that doesn’t charge sales tax? What would that do to the economy and income of the state that already charges sales tax? It IS a states rights issue – no matter how you want to spin it. The states that currently charge sales tax would be forced to move to a state income tax.”— that already happens.. this law would not affect that practice one way or another…

The problem with our country right now is the spending problem, not the income problem. By eliminating tax breaks, bailouts, and loopholes the government could shore up some of the lost revenue. I’m NOT under the impression that this would match the current revenue that the country brings up, but the idea is that with this structure companies would be able to grow and hire and expand the tax base rather than gouge the current tax base.

Also, about the state taxes. This would also create a situation where a state will actually WANT to create an environment that people would want to live in. People still have personal choice and if a particular state isn’t managing the revenue they are getting in a responsible way, we have every right to move to a state where they have it together. California charges crazy taxes because they know that even though there are states with lower taxes, there is still a demand to live here due to weather, things to do, the beach, etc… The 9-9-9 plan can’t change personal choice.

“Cain has anything to offer for the middle class. He is a “true” Rebublican — all for saving corporate businesses” posted by Mrs. T Mac ……. and if corporate businesses aren’t saved, what happens to the middle class? Hint (businesses are the reason why the middle class even exists).

Posted by: Someday maybe | September 27, 2011, 3:46 pm 3:46 pm___Please corporations are doing fine, do you really think they will stop getting subsidies (oil, gas, farm)? GE paid no taxes and got a refund! Do you really think they’ll stop sending jobs overseas for extra profits and come back because they care about people? Companies are fine, just greedier, it’s Main Street that’s suffering.

Jim,

Do you think the corporate tax rate being lowered from 35% to 9% for American companies would put them in a better position to compete against Canadian companies whose corporate tax rate will be 15% beginning in 2012?

Illegal aliens pay little or no income tax. Even single one’s claim so many dependents on their W-4 that they pay only a small percentage of what they owe. Many work for cash and pay no federal taxes at all. With Cain’s 9-9-9 plan, illegal aliens will at least have to pay something. Not as much as the rest of us but at least a little.

Jim,

For those who are spending on things from internet websites (I usually don’t buy a house or my groceries from Canadian shopping websites) I believe most would fall into the category where the 9% federal income tax would be dramatically lower (probably about half) than the current tax rate they are paying.

So you are right, the CONSUMER drives the market, but with an increase in take home pay, the consumer will have the opportunity to make more purchases.

Also, with giving a company 26% more profit margin, they can adjust the prices to be competitive. If they decide to pocket the extra profit, (which I’m sure some will try) they will find out in a HURRY that free market will dicate a competing Canadian company gaining their market share. If I have the choice between two similiar products and one costs 26% more, you’re damn right I’m going to choose the cheaper option.

By lowering the price of the good as well, that will directly lower the total amount paid by the consumer in the form of the national sales tax as well.

James, the bottom line is that ‘benefits’ to the 9-9-9 plan are merely guesses. If this, then this, etc. There is no math on Herman Cain’s website to explain exactly how government revenue would at least remain the same while a national sales tax wouldn’t negatively affect the economy (in other words, prove that a lowered income tax would result in higher spending with a national sales tax).

And there’s shockingly little discussion of the possible negatives – beyond the obvious that it is a heavier tax burden on the bottom half of America. Personally, I see far more havoc as the result of 9-9-9-9 than benefits. There is no talk about how a single mom trying to buy food would be affected under this plan. But yes, there would be benefits – those making around $50K and above would see less taxes.

But because of the “lower taxes is always a good thing” mentality, are we really willing to enact a plan that would have a major effect on the economy (and possibly one that is significantly more harmful than beneficial)? It’s a role of the dice, at best. The major beneficiaries are the wealthy (zero capital gains plus zero death tax, okay – that’s not obvious), so they’d be fine. It’s the rest of the country that should be concerned.

Wildblueyoundergoaf
Funny you should compare Cain to Carter. I think Cain and Carter may have something in common. Carter was probably the most honorable man to occupy the White House. Honorable man but a lousy president. Cain probably has a better understanding of the economy than Carter did, but I’m concerned about Cain’s knowedge of other important facts and issues that face a president. The economy is the hottest issue in this election but it is by no means the only issue and not the only thing the next president will need to deal with.

Dr Gagliano.
Are you serious? Now we’re going to disqualify a candidate becaue of a receding hairline? Obama is prematurely gray, I’m sure that could be seen as an indication of some adverse condition.
I think we need a second opinion from a doctor who won’t try to diagnose without tests, examination and close evaluation of the patient’s records.

Pay less……..Govern less?????

Sales tax does not guarantee sufficient reliable revenue, on which to run the country.

You doubt?

Just look at where all the states are……..in this economy.

Anglelo Gagliano MD
The presidency of the United States is by far the most stressful job in the world. Hence the change in Mr. Obama’s hair color. Mr Cain is a very intellegent man and I’m sure he has asked his physician about his ability to safely do the job and handle the stress.
Your comment while perhaps well intentioned smacks of similar rhetoric intended only to hinder Mr Cain’s chances of a successful bid for the presidency. A physician’s word is often taken as factual and accurate and leaves the casual reader with the impression that you know Mr. Cain can’t handle the job when in fact you don’t know. You have some patient history and some observations but no current information and no data to support you observations.
Had you stated that, I would have taken your post seriously and given it some thought.

When congress wanted to institute an individual income tax, they had to first pass an amendment to the constitution authorizing it. Thus, we have the 16th amendment passed in 1913. Before congress can impliment a national sales tax, the states will have to amend the constitution giving the federal government that authority. They cannot simply do it by fiat.

It’s war on the middle class because Obama didn’t propose it.

I support Herman Cain for his consistent support for the Federal Reserve and for the TARP bail-outs. His endorsement of Romney in 2008 also impresses me. All of these issues are important to Black voters. Cain will also continue the Iraq and Afghanistan wars; continuing these wars just like Obama has done is hugely important to the Black community.

Publius said:
“While this levels the playing field on taxes I don’t see how this plan would ever get approval from low-income (and fixed income) voters. If in fact low income people are spending every cent they make and paying 9% tax on all of it, and will be taxed 9% flat tax on all of it in addition, they’re going to be paying 18% on their income rather than 0% or close to it. At the least it illustrates what happens when every would be expected to pay the same rate. People already paying the majority of taxes (i.e., those making over $33K/year) would welcome the tax cut, but leaving things alone with the “rich” paying 38% of taxes and the “ppor” paying 3% of taxes probably is looking better and better to the people demanding that everyone pay their “fair share”.”

If this massive tax hike on the bottom third of Americans isn’t class warfare, I don’t know what is.

Many conservatives say that minimum wage is not intended to provide enough for an adult to live on, yet here’s a proposal to tax both their income and their spending 9 percent each.

If Cain’s sales tax is like the FairTax he previously endorsed, he wants not only to tax the income of minimum wage workers, he also wants to tax their rent.

Herman Cain is currently the only Republican candidate who can get me to vote for Obama, and if Cain is nominated, Obama’s base will return home to him. Better to be unhappy with Obama than to be furious with Cain.

James said:
“Basic math folks, try it sometime.”

I work at the bottom of the economy, I’ve done the math, and the math says that Herman Cain wants to take en even bigger chunk of my income than Bush or Obama have taken. I don’t get Earned Income Tax Credit (I earn too much) but millions of workers getting EITC will presumably end up paying a lot more tax under Cain’s plan assuming EITC disappears.

Mr. Cain is the first rational common sense presidential candidate I’ve seen come out of today’s field.
Mr. Obama seems like a good family man and would be a fun college professor to have, but he’s 100% out of his league as president. We’re tired of giving him “research grants” to try out his leftist theories.
It’s time for the kids to go home and a real man – a grown-up – like Herman Cain to take charge.
For the last 3 years it’s been like Obama was playing Tom Cruise’s part in “Risky Business.”
Now it’s time for the parents to come home.

ha, go back to selling pizzas! 9.99 for one large…

Sorry, once 9.9.9 is implemented, it will be 13.13.13 by next year…. Herman should call on Ron Paul to explain that little pesky thing that all Federal govt lovers hate, that is, the 10th amendment!!

Herman Cain’s 9-9-9 plan is good but it could be much better. I’m for a 9-9-9-9 plan, the extra 9 would be a 9% import tax on EVERYTHING imported into the USA. I believe this would help level the playing field and enable the American worker to compete with foreign workers. If we are going to significantly increase domestic employment, we must do something to curtail the import of goods. Our balance of trade with China, Japan, India and a slew of other countries is outrageous. But we are in a global economy and the American worker can’t compete with foreign low wages. This would help.

if you don’t want to tax more than God, just remember, God didn’t impose a triple tax. 9 + 9 +9 is definately greater than 10.

If you would cut all exemptions, have no loopholes and tax everybody, all businesses, etc. Plus, andy income earned overseas by companies SHOULD be taxed if it benefits American businesses and investors. Fair is fair. Also any U.S. companies that have shifted their businesses overseas and sells them in the U. S. should have a tariff put on them. This would change their minds and bring jobs back to the States. THAT is why this country is going downhill with fewer and fewer factory positions available to us here in the U.S. We give them an incentive with the 9-9-9 tax code and make it more lucrative to bring them back and make the country stronger. Greed has to stop somewhere before this country is NOT salvageable.

Arthur Laffer was on TV yesterday saying that the 9-9-9 plan was exactly right. In case you didn’t know he was Reagans chief economics advisor that helped pull us out of the Jimmy Carter disaster. Maybe you have heard of the Laffer curve? yep thats him to

Cainunism [keyn - yuh - niz - uhm] – noun

1. A theory or system of economic organization based on a wildly optimistic regard for the fiscal discipline of Congress and the President. Adherence to this theory typically requires the suspension of disbelief concerning the ability of increasing the government’s power to tax, without substantive spending cuts, to actually reduce burdens on taxpayers and to produce economic recovery.

2. The intentional use by politicians of resonant slogans which obfuscate and distract some voters from the otherwise conspicuous absence of thoughtful, realistic or realizable fiscal or monetary plans and policies.

Cainunist [keyn - yuh - nist] – adjective

1. Of, characterized by, favoring or relating to Cainunism; Cainunistic

In a sentence: “Imagining that a ‘9 – 9 – 9’ percent tax ‘plan’ would not soon be 9.9 – 9.9 – 9.9, then 19 – 19 – 19, and so on, is just more magical Cainunist thinking.”

Origin of Cainunism: term used by informed voters to describe the economic-sounding slogans that originated from the 2012 vanity presidential campaign of Herman Cain (1945 – )

Synonyms for Cainunism: 1. Prevarication, 2. Deception, 2. Cozen, 3. Hucksterism, 4. Hoodwink, 5. Sales Pitch, 6. Razzle Dazzle

Antonyms for Cainunism: 1. Common Sense, 2. Objective Reality, 3. Free Market, 4. Tax Reduction, 5. Economic Liberty, 6. Less Government, 7. Constitutionalism

From what I understand….there will be no social security tax or medicare tax. That basically gives you back around 7.5% of your wage earning income below about 100k.

Say a person makes 70,000 of wage earning income. 9% income tax would be $6300. During the year lets say thaey spend 50,000 of it which is taxed at 9%. That is $4500.

$6300 + $4500 is $10,800. But…they get back that 7.5% of 70,000 which is $5250.

So you have $10,800 – $5,250 which is $5,550. Under Cain’s plan they pay $5,550.

Under the current plan….lets say they are a family with 2 kids. personal exmption is$14,600 and the standard deduction is 11,700. So taxable income is roughly 43,700. Tax is 5,714. But…you get a child tax credit of 2,000 since there are 2 kids. So your total income tax is 3,714. Your payroll tax is 5,250. So your total tax with the current system is $8,964. Cain’s plan is much better for middle income folks. Cain will win.

BTW wasn’t there some billionaire boob in Texas that tried running on this? That went over like a lead balloon.

Cain’s plan does not address the fact the federal government has no control over states, counties, and cities to levy taxes for revenue streams to support local government. That makes his plan dead in the water right off the bat and intelligent people recognize this right off the bat. Thus, if by some miracle it was to become law it would add an additional 9% to all consumption goods and services which means an additional sales tax. The poor don’t pay any tax after their standard deductions and write offs. If they have kids, they actually get money back to help them survive better in a harsh world. Cain and his supporters ignore the fact that everyone that makes fewer than 100K a year gets a standard deduction and standard deductions for every dependent along with a multitude if deductions for children, college and so on. Small business owners get to write of tons of expenses on their personal income tax as well. Under Cain’s plan…zero write offs! This means that 90% of Americans actually are taxed at a rate of much less than 9% let alone 15% currently. A person with 2 children under a certain age making 50K and is married will pay around 1% after deductions. Cain will raise that to 9% on everything they make because they will have zero income deductions. A married person filling together w/two children has a standard deduction of $11,400 and $3,650 x 4= $14,000 + $11,400=$26,000 off the top they might have to pay taxes on. Under Cain’s plan they pay 9% on the entire 50K. After the child tax credit and EIC the person will pay next to nothing under the current system and even factoring payroll deductions for SSI and Medicare. Under Cain’s plan they will pay $4,500. Not such a good deal for them. It gets worse for the elderly. They have larger standard deductions and don’t generally have payroll deductions. Under Cain’s plan their deductions all go away. But for the super-rich there will be no tax on capital gains meaning they won’t pay any tax because that is where they make almost all their money through investments. Consumption will decrease dramatically which will decrease manufacturing and increase job loss grinding the economy to a halt making the GWB economic fiasco look like an economic boom in comparison. Our tax code is fairly easy to figure out if you bother to read the instructions. If you get stuck the IRS will walk you through it over the phone or do your taxes for you if you want. It isn’t that hard. This kind of conversation is actually counterproductive. I don’t give Cain credit for anything except being highly misinformed and ignorant when it comes to accounting and a deep lack of foresight. Not something a presidential candidate should have.

First, the more we can shift the federal tax burden from those companies that hire American workers, ie payroll taxes, FITW, etc, to all companies including those in foreign lands buy using a sales tax, the more competitive we make American made products. This could very well result in more jobs here in the USA. Second, the sales tax needs to exempt unprepared food items, clothing, shelter, and medicine. These items should represent where the bulk of the money spent by those with lower incomes. For those that have an extra $400 for a flat screen TV should also have an additional $36 for a federal sales tax.

I supported Obama with a large donation hoping that a change in the country was necessary. I am not at all happy with the way Obama’s thinking is heading – he wants to shame the ‘so-called’ rich into helping the country by offering more of their hard-earned money (of which they are already paying the most) and and support those that do not want to work hard or take risks to make their life’s better. I will be redirecting my donation dollars to Herman Cain as he truly values this country and has solid ideas to bring it back from disaster. It seems he has everything to be a great President but will need some funding. I urge my fellow donors that supported Obama to redirect their dollars to a better cause. Think how you will be penalized by Obama for doing so well and taking the risks we have taken to build what we have. Let’s move our dollars to Cain!!

You must not ignore the fact that under 9-9-9 the payroll tax will go away. That is the key! You now have 7.5% of your income that you wont have if we stick to the current system. Thats where the difference comes in for the American worker.

Cain has clearly stated that he plans to start the process of eliminating Social Security and Medicare during his first 100 days in office. Great idea! Let’s cut off 53 million seniors at the knees and let them fend for themselves. Make the US look like India with millions of beggars in the streets. You people are totally sick.

The Koch brothers support Cain as well as the Tea Party. Someone told me tonite that if you turn 999 upsidedown, you get 666, and that 666 represents the devil. I do believe that we are dealing with the devil as to Cain. PLain talk? OF course…….as it’s the only way he can speak and the mass relates to that, so they think he is their man. Many voters don’t have the vaguest as to politics. All one has to do is to read the comments to know that. How would a 9% National sales tax solve all of our problems. According to Cain, we wouldn’t buy more, but rather, save, so who prospers from that other than the financial institutions? If people are not buying due to this tax, can we depend on the very rich to make up the difference.? I don’t think so. We surely need a simplified tax system, but Cain’s plan just won’t do the trick. AFter seeing his add with his guy smoking, perhaps there is something to this inverted 999 as to meaning. He may be smirking over that, too, as to how to fool the public. Cain is a very scary man……believe me…….

Of course high resolution video quality contains much memory, that’s why it provides better quality.