If the presidential election were held today, who would you vote for?

You are correct. Unless 9-9-9 is going to fund the states too, it won't work. And if it does fund the states, it'll do serious harm to states' rights, given that it undercuts a state's ability to support itself.

 

I agree with this and have yet to hear or read about one single legitimate economist that has studied it and said the 9-9-9 plan would be anything but a fiasco. Raising the tax burden on the poor aside, it would not raise enough revenue from what I have read. Unless the fed govt is going to go on a starvation diet and we are going to stop protecting ourselves with a well-equipped military.

 

Jackassery response.

 

Herman Cain should get a refund for his college degree, since math is not his strong suit.

http://bottomline.msnbc.msn.com/_news/2011/10/13/8304334-cains-9-9-9-tax-plan-is-simple-youll-simply-pay-more

 

Maybe the rest of Washington should since the budget is in the shape it's in.

 

Today, The Rent Is Too Damn High Guy

 

"NYU law professor Daniel Shaviro thinks part of the popular appeal of Cain’s plan is that it appears to hold tax rates to single digits – even though the cumulative tax paid by most households would amount to 27 percent. Borrowing from Cain, Shaviro offers and even simpler solution to make existing tax code much more palatable

“Replace the 35 percent annual income tax with a 3-3-3-3-3-3-3-3-3-3-3-3 monthly tax on annual income,” he recently wrote on his blog. “After all, who's counting if the 12 monthly taxes actually add up to 36 percent annually?”

Huh? Where did lawboy get that 27% number from for "most households"?

 

On one hand, I give Cain credit for presenting a plan, something that other candidates haven't really offered. On the other hand, it's a stupid plan, and it doesn't take a math whiz to see that.

 

Maybe he just added up the three 9s.

 

Does Mr. Cain know that '9-9-9' is the emergency services number in Europe?

 

Which would indicate that lawboy thinks most households are businesses. One of those 9s is the business tax rate.

 

In Herman Cain's apocalyptic America, every household will be a business.