As Cain Catches Fire, He and 9-9-9 Plan Take Heat

Cain’s popularity is so obviously a bigotted response to Mitt Romney, the far superior candiate, not being an evangelical wing nut. clearly. here are two absolute deal breakers with 9 9 9 ====== IT will RAISE taxes and impose taxes in plenty of places where there is none. (1) NH for instance, has no sales tax. To impose a HUGE 9% sales tax, where now there is none, will KILL sales, which will make the economy in NH MUCH MUCH MUCH WORSE!!! Mass has 5% sales tax. NOBODY is going to vote to raise their sales taxes on EVERYTHING they buy!!! how insane! It’s like saying ” Want to pay more taxes? Vote for me! ” (2) Mortage deduction will be elminated. hello?????? OVER 80% of Americans own homes, a good deal of those americans own two homes, properties bought as investment or vacation homes, etc. why???????? for the deduction. YOu get rid of that deduction people WILL DUMP those homes, I know I will. IMMEDIATELY> In fact, if Cain were elected, I will dump my properties IMMEDIATELY, that day, offering prices below market value, which will lower EVERYONE’S home sales and the construction industry will TANK!!!! STUPID idea for an economy in recession. THere are MANY more points like these, this plan is just SOOOOOOOOOO bad. It will kill the economy in SO MANY different ways from so many different angles WHILE charging us far more taxes when you add them up, I am frankly shocked, someone would offer something THIS bad. I thought republicans couldn’t have anymore bad ideas…….surprise! surprise!

Sad to see so many no-nothing candidates. Bachmann has no idea about much at all, Perry can’t even get the revolution right (real patriot, eh) and Cain doesn’t even know that his favorite ice cream has not been on sale for 2 years….egads….maybe Romney is the better candidate.

He is a straight up clown. LOL Completely un-electable. The GOP will never allow him in. NEVER!

Maybe Anita Perry should run for POTUS. She certainly more effective than Rick!

The voice from behind the curtain says….”let them argue…as long as they are arguing about our candidates”. lol it’s true!

Yeah, I don’t want to hear about herman cain what icecream he likes. Our country is not doing well and at all. Gets worse every year for at least ten years now. Is scary how bad it is now. I want to know what’s going on? What’s causing this? How are they going to fix it?

This is bs, anymore it seems like the news is no more than a reality tv show.

And yeah…what is wrong with Ron Paul’s message that the media has to literally silence it and give us their own version? I heard the guy, and he makes THE MOST SENSE. I think the scary part is that part of Uncle Ron’s plan is to put some very corrupt people out of business. The new merger of ABC and Yahoo is very suspicious when you consider this media blackout of a very viable presidential candidate.

The very same economists that are bashing the 9-9-9 plan, are the very same economists that can’t get the United States of America out of the hole. I don’t think their opinion or their math hold too much water. They need to go back to school.

Plans that have it coming up 200B short do not take into account the growth will erupt from the plan. You say how would such a plan stimulate jobs and growth? Gather round children, fill up that cup of coffee and strap into your chair while I explain. Current corporate taxes are somewhere around 35%, real rates are well over 20% for the average company(not GE). With reductions of over 10%, companies cost structure shifts down, allowing them to lower prices across the board, especially for exported goods. Since the foreign demand for American goods, or goods period is so elastic in terms of price, a small drop in price could result in a huge increase of demand. More demand means more jobs means more tax payers means the corporations are paying 9% of a larger profit, that just means more money overall. This is a very complicated model to plug numbers in and run, as the economy is a living breathing, mutating thing. However, the general idea is that there will be a huge increase, maybe not 200B the first year, but heck, whats 200B these days with yearly budget shortfalls of 1.4T. I still haven’t mentioned jobs, least not directly. More American goods demanded abroad means more American workers making them. They can afford to pay the 9% income and sales tax because they finally got that raise. By the numbers, the plan works… For the first year it might be tough, as the economy takes time to adjust, but it will adjust, for the better. As for the 47% of Americans that don’t pay a Dime, I refuse to believe 47% of our country is incapable of contributing at all, max I’ll accept is 15%, but it think its more like 10%, including the handicapped and impoverished. Lets get America firing on all cylinders again… for you car guys, lets that the EGR off and let it breath again.

As for me, Im a working student making $14k/yr, im willing to pay my fair share as small as it may be. Its the lat of willingness to contribute while sucking the system dry thats gotten us into this mess, lets all grow up and pay for the products of liberty we enjoy so much.

“…the one thing that I can tell you is that running SimCity 4 on its default tax setting was a disaster waiting to happen. You ran out of money pretty fast, in fact, and had to go deep into debt…so…here is the problem….the default tax code for SimCity is 9% across the board. That is right. Personal Income Tax- 9%, National Sales Tax- 9%, Corporate income tax- 9%”.

LOL! Cain’s ‘brilliant’ tax plan is lifted from the SimCity on-line game. SimCity 4 came out in 2003! Bwahahahahahahahahahahahaha!

“Haagan Dazs stopped selling black walnut two years ago.” That’s hysterical. He’s calling himself something that was discontinued two years ago. Priceless.

Some people show just how ignorant they are about fiscal matters and what drives economic growth. The 9-9-9 plan is brilliant in its overall simplicity. The critics scream and holler about a tax increase yet that is all the Democrats have been proposing from the start. The difference is that Cain thinks EVERYONE should have to pay their fair share. If you consider that the effective corporate tax rate is at approximately 35% (soon to be higher if Obama gets his way) any moron can see that a change to 9% is a reduction of 26% businesses have to pay in taxes. This releases ENORMOUS amounts of capital into the economy and encourages businesses to lower prices. So, any increase in sales taxes whether in states where they exist or not will still be lower than what people pay now. Look at it this way; if the price of goods drops by, let’s say only 20% assuming corporations are as greedy and unscrupulous as the Left would have you believe, and a state currently has a 7% sales tax. Drop prices by 20% add back 9% onto 7% and you are still paying 4% less. In states that have no sales tax, usually because they have high income tax rates, people would still end up paying less with the added 9% after prices decrease. The economic boom that this could unleash would drive incomes up and lift the standard of living for millions of Americans. On top of everything else everyone would finally have to “pay their fair share” and it would create a great incentive for those in poverty to lift themselves up and discourage gaming the system. The thing no one is talking about…the 800lb gorilla in the room…is that the 49% of Americans who have no income liability (not talking about payroll taxes) would now have to ante up. Everyone would have skin in the game and when everyone is paying towards the cost of Entitlements (especially those who use them the most) it will be difficult for politicians to talk about raising taxes; that people, is FAIR. When everyone is paying into the system regardless of whether they make $10,000 or $10,000,000 a year. The fact is that Herman Cain’s model is a consumption tax which will make those who live off the government finally “pay their fair share”. Also, Cain’s plan would finally encourage American’s to save more and that increases the amount of available capital for business growth and investment. It goes to show that Democrats don’t really believe in a FAIR system just in a system that adds those dependent on the government to their base.

So the latest Republican “Flash in the Pan” is being shined under the light of REALITY and as usual, he proved to be a PHONEY with his “Plan” to save the economy. Of course his plan will HARM the people at the bottom the MOST which seems to be the major theme of ALL the Republican’s plans for a “Better Economy”. BULL!!! I’m already FED UP with every one of these people and we have more than a year of hearing these scam artists hawk their ideas to the American Citizen. What a horrendous process.

Wow, after reading all these comments now I know why ABC’s ratings are so low; it’s the Network for Dummies!

Has anyone responding above actually looked at what is in the 9-9-9 plan? After hearing about it ceaselessly I decided to go over to Cain’s campaign website and see what 9-9-9 is about. What I read actually sounds pretty good. If I understand it correctly, under the the 9-9-9 plan, the 9% Individual tax would replace today’s higher income tax rates. Add the national sales taxe of 9% on what you buy and you are paying 18%. That’s lower than the tax rate applied to people making $34.5 thousand a year (25%).

Also, if I am not mistaken, businesses would pay 9%, and that means they would have more funds to reinvest. Yes, companies reinvest money; they do not put it under a mattress and sit on it. Given that so many corporations today pay NO taxes (given all the loopholes in the current tax code) 9% sounds good to me.

Finally, with a national sales tax, you decide how much you are going to pay, since you have the choice to purchase luxury items, expensive consumer products, etc. or not. If you are not buying big ticket luxuries, more money stays in your pocket. If you price shop, you will pay less in taxes.

I am an independant and I have not been very excited about this coming election, as I no longer support re-electing the President and I do not care for most of the Republican candidates and many of their stances on issues that are important to me. However, in all honesty, I have to say that I am going to take a much closer look at Cain. I don’t know all the details yet, but I think I like what I am seeing so far. There seems to be a lot of common sense in what he is saying. It may not be perfect, but the approach is one I think I can get on board with.

I understand people’s reaction to the Republican candidates in the posts above. I wouldn’t vote for most of them, I don’t think. But Herman Cain is making me take another look. I guess what I am trying to say is, if you are really open-minded (as opposed to dogmatic, blind, party-line Kool-aid drinkers) do yourself a favor and check out his web site and think about what he is putting out there. If anything, at least you will be informed about what he stands for if you oppose his candidacy.

Me? I’ll wait a little while longer before making up my mind. If Cain is elected by the Republicans then I will want to hear more from him and from our current President before I cast my ballot next year.

Romney supporters might want to remember two things:

1) Romney couldn’t beat John McCain for the nomination, and McCain couldn’t beat Obama to the White House. What makes Romney think he can win now?

2) It’s still early days and ‘electabiility’ is very subjective, as Hillary Clinton can attest from her experience in 2008. The establishment Democratics didn’t think Obama had a chance and he won the White House. Why couldn’t Herman Cain do the same?

The 999 plan favors the rich and screw up the poor and middleclass. No to Cain’s plan.