Posted on 10/07/2011 3:33:58 PM PDT by JOHN W K
The natural state of our economy is prosperity. Freedom ensures that. We must get the government off our backs, out of our pockets and out of our way in order to return to prosperity. Policy uncertainty is killing the economy.
Economic Guiding Principles
Production drives the economy, not spending. We can not spend our way to prosperity. Government spending IS taxation. Government spending is like taking a bucket of water from the deep end of the pool, pouring it in the shallow end. Then they HOPE that the water level will CHANGE.
Risk taking drives growth . Business formation and job creation are dependent on entrepreneurs taking risks. Investors who fund those entrepreneurs likewise take risks. Measurements must be dependable. A dollar must always be a dollar just as an hour is always 60 minutes. Sound money is crucial for prosperity.
We Must Unite Not Divide
When one party seeks to spend so that the other party must focus on cutting, we must unite around economic growth. Unite all tax payers, don’t divide them into “income” tax payers vs. “payroll” tax payers. Unite those wanting to eliminate deductions with those seeking lower rates. As a first step, unite the “Flat-Taxers” with the “Fair-Taxers”
Economic Growth is the Key
This is the worst recovery since the Depression. If the President’s goal was to tie for last place with the previous worst recovery, he failed by 6 million jobs. If we had a typical recovery, 13 million more Americans would be employed today. That means more tax revenue, less government spending and 13 million less people opposed to reasonable spending cuts.
The Super Committee must deliver a robust growth solution.
America can’t wait for 2012, we need growth NOW Phase 1 - 9-9-9
Current circumstances call for bolder action. The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two. I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package. The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters. Achieves the broadest possible tax base along with the lowest possible rate of 9%. It ends the Payroll Tax completely – a permanent holiday! Zero capital gains tax Ends the Death Tax. Eliminates double taxation of dividends Business Flat Tax – 9% Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders. Empowerment Zones will offer additional deductions for payroll employed in the zone. Individual Flat Tax – 9%. Gross income less charitable deductions. Empowerment Zones will offer additional deductions for those living and/or working in the zone. National Sales Tax – 9%. This gets the Fair Tax off the sidelines and into the game.
Phase 2 – The Fair Tax Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax. The Fair Tax would ultimately replace individual and corporate income taxes. It would make it possible to end the IRS as we know it. The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system. Phase 1 Enhanced Plan – Summary
Unites all tax payers so we all pay income taxes and no one pays payroll taxes Provides the least incentive to evade taxes and the fewest opportunities to do so Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc. Is fair, neutral, transparent, and efficient Ends nearly all deductions and special interest favors Ends all payroll taxes Ends the Death Tax Features zero tax on capital gains and repatriated profits Lowest marginal rates on production Allows immediate expensing of business investments Eliminates double taxation of dividends Increases capital formation. Capital per worker drives productivity and wage growth Capital formation will aid capital availability for small businesses Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine. While true Fed reform that restores sound money may have to wait for my election, the best thing we can do now is to pursue policies that increase the DEMAND for dollars to help mitigate the risks associated with the increase in the supply. Pro-growth economic policies equal a strong dollar policy
for those interested, google Johnwk, the author of the above post.
What a traumatic experience from a visit to a Jewish Proctologist?
Are you the guy posting almost the same crap on Hannity’s forums, but you are focusing on that 999 upside down is 666 and you are there arguing that Cain is the anti-Christ and we should vote for Ron Paul?
LULZ, you are Anonymous or 4Chan right? You actually think people take you seriously when you play those games?
Everyone needs to check this guy out on other parts of the interwebs, major lulz.
http://forums.hannity.com/showthread.php?p=95926491
Johnwk would suggest Ron Paul.........
What I love is over on RonPaulForums.com possibly you and others are contemplating how they can use this 999/666 thing to turn Christians against Paul because 666 is 999 upside down...
http://www.google.com/search?q=site%3Aronpaulforums.com+herman+cain+999%2C+666&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
You think that's bad, I just found out my proctologist used to work for Roto-Rooter.
Isn’t if fun to be in your 50’s, ;-)
Better that than a mohel with a guillotine!
Let me guess, you post while wearing a Guy Fawkes mask?
Doh!
OOOCH!
LOL, good suggestion, it seems our ‘friend’(sic) here also likes Occupy Wall Street.. which really isn’t a surprise.
Ping for laughs..
Never found Glenn Beck to be conservative. He’s more of a Ron Paul type nutcase
Capital per worker drives productivity and wage growth Capital formation will aid capital availability for small businesses Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine.
Can anyone tell me what Cain is talking about?
Like I said, the “Palinization” of Cain by the media is starting.
If conservatives elect a Black Man to the WH, it will neutralize the race card that the left plays so often.
How can they accuse the Tea Party of being “racists” when they elect a Black Man as POTUS?
I’ve already heard him called an “Uncle Tom” and a “Token Black” by some on the left, yet the MSM is silent.
I’ll say it again - our two main enemies are the MSM and the Dems, in that order as the MSM enables the Dems and their behavior and doesn’t hold them accountable.
They know they can get away with just about anything because the MSM will cover their asses.
Looks like further tax cuts and removing regulations for the hardest hit areas economically.
http://www.hermancain.com/999plan
In other words, getting government out of the way even more.
Of course probably unlike the thread poster I have met RP. Even had my pic taken with him. We’re from the same town so the families know each other.
Really nice Guy..until the crazey kicks in.
And his then campaign manager was as shifty as they come.
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