Posted on 10/13/2011 7:53:08 AM PDT by rbmillerjr
Full Article Follows - less graphics
The Secret to Herman Cain's 999 Plan Success
The most recent Wall Street Journal Poll shows Cain leading the Republican Primary, 27% to Romney's 23%. At the most recent debate, the Cain 999 Plan dominated the debate and discussion. Though the plan was roundly attacked by the moderators and competitors, Cain's Economic Plan wasn't damaged.
What is appealing about Herman Cain's 999 Plan?
"Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius -- and a lot of courage -- to move in the opposite direction."...Albert Einstein
The political gurus and pundits still have not locked into the sentiment of the American people. They are fed up with professional politicians. They have seen Elite Harvard and Yale Ivy Leaguers fail at every level of government power. They've see the comprehensive machinations of great thinkers weaken our country with $14 Trillion in Debt and run us off the cliff with annual Budget Deficits of $1.3 Trillion. They've seen sustained high levels of unemployment, go unchecked with a real economic Recovery plan.
Enter Herman Cain. His plan is clarifying in that it gives us that Reaganesque simplicity. Simple is not necessarily simplistic. The plan combines the concept of completely destroying the current tax code with a replacement plan that is simple, but has roots in deeper conservative economic thought.
The Cain Plan is "Uber Supply Side Economics". If we really are believers in Supply Side, Liberty (less government), and putting money into the pockets of the productive and Investor Class...this is a plan to be taken seriously and considered.
Cain's plan has the potential to free up American Economic Exceptionalism by:
1) Eliminating Capital Gains and Dividend Taxes...which frees up people to truly invest in America, which creates wealth and jobs. This is no small idea. This will unleash pent up investment in the real private sector. It will also broaden and deepen the investor class to working and middle class families.
2) Flat taxation on income...which allows individuals who have succeeded to be more likely to start new businesses and or, more likely to take discretionary income and invest it in great American companies.
3) Lower Corporate Taxes and Death of Loopholes and current Tax Code...... put every American business on a level playing field by having a flat tax and elimination of the Government picking winners and losers. This resonates with America after seeing the failure of government "investment" in Solyndra.
This is not an exhaustive look at Cain's 999 Plan, but I wanted to get at the root cause of Cain's surge and the 999 Plan is part of that. Cain is seen as an Outsider, a Leader, and a Businessman who is a Problem-Solver.
econus.blogspot.com
Here is a part of why Cain is having success with the American people.
"The political gurus and pundits still have not locked into the sentiment of the American people. They are fed up with professional politicians. They have seen Elite Harvard and Yale Ivy Leaguers fail at every level of government power."
econus.blogspot.com
The secret is I can do the math for myself - and I like what I see.
People are underestimating Cain’s appeal and ability to problem-solve.
He is dominating the airwaves with the Cain Plan.
I’m still researching into the numbers, but this article is about “why” it is appealing to Americans and conservatives.
The Surge is just starting. This thing has legs.
I think he can win...Conservatives do not want Romney.
The Establishment will be coming after Cain hard, very soon. Both from the Left and Right...and of course, the objective media.. lol.
So do I except for one thing. I have a real distaste for implementing the sales tax without a rock solid guarantee the income tax will be removed permanently. I would like an unremovable sunset after say 5 years that would kick in if the 16th amendment is not repealed.
In addition, the plan calls for requiring a 2/3rd majority in Congress to change the rates. Something we do not have at all now, and something that would help immensely, particularly in the current environnment.
IMHO, Herman Cain has the right attitude and message for renewal and restoration of America, her strength, her economy, and much, much closer adherance to and reverence for her constitution.
With the endorsement yesterday of Art Laffer, for Cain's 9-9-9 plan (Laffer is recognized as one of the brain child's of supply side economics), his momentum continues to rise.
Obama says Buffett and his receptionist should not pay different marginal tax rates. What he is hoping to do is raise Buffett's rate to that of his secretary; however, most people look at it and say 'the same rate for everyone makes sense' and Cain gets a boost.
I have been saying for over a month that some smart conservative should take Obama's argument and turn it on it's head by arguing for a flat tax. Cain has essentially done so.
“The secret is I can do the math for myself - and I like what I see.”
The Plan isn’t perfect, but I’ve only seen some minor objections...all of which are minor enough to fine tune.
Anybody who has looked deep into the numbers, I’d appreciate you opinion and detailed breakdown. The Plan should be fleshed out, because Cain could win this thing.
“With the endorsement yesterday of Art Laffer, for Cain’s 9-9-9 plan (Laffer is recognized as one of the brain child’s of supply side economics), his momentum continues to rise.”
Thanks Jeff Head...that is huge, I missed that news.
Everybody keeps looking at this as a Budget Solution...Revenue Neutral etc.
But the strength of the Plan is that it is a Supply Sider’s Dram plan....Laffer’s endorsement confirms that.
The 999 Plan will be viewed positively by many Americans, including Independents who are independent in part because they are fed-up with the antics of traditional politics and politicians who fuss over which color to paint the same old turds. Mr. Cain’s plain talk and new, yet understandable solutions will be like a breath of fresh air.
ditto.
The problem with the 999 is that it has two too may 9's. It goes in the wrong direction. We need to do away with the IRS and implement a flat tax on individuals and businesses. Including what are now referred to as nonprofits. The only nonprofits that should be tax free are those that house, feed or clothe humans.
One simple system that does not allow Congress to play their games....
You are free to think so, but a flat tax is not on the table, Mr. Cain’s 999 Plan is. And in a very short time it has become the centerpoint of discussion because it is the only plan that represents a serious step toward bold tax reform.
So, the choice will not be the 999 Plan vs a flat-tax — it will be 999 vs Romney’s 59-point plan vs whatever any other R candidate has or may put out (at the risk of looking like a copycat, now) vs Obama.
“The problem with the 999 is that it has two too may 9’s. It goes in the wrong direction.”
Your argument is a Budget Hawk argument...the plan brings in a little less Revenue in static analyses, which means taxes are going down....
As far as too many 999s,,,that is irrelevant, except in theoretical discussion. Politicians have to vote on tax increases, which they can do now...I don’t see a difference.
“We need to do away with the IRS and implement a flat tax on individuals and businesses.”
This does implement a Flat Tax on both individuals and corporations. That is clear.
One of the big financial problems was that we were incentivizing people to purchase homes and cars that had no business doing so.
The harsh reality is that the lower middle class won’t be able to buy homes and new cars.
Problem with the 999 plan is it’s only good until the next wave of government idiots gets into office and amends, changes or eliminates it.
I’d like to see the House and Senate be a part time job at 4 - 5 hours a year max unless there’s a war. Hourly wage or th e4 - 5 hrs and NO BENEFITS. Otherwise they screw up everything they touch.
It would require a Constitutional Amendment to keep it for any length of time.
Actually the lower middle class could afford homes and cars if the government stayed the hell out mortgages, regulations and all the car and vehicle safety BS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.