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Phase 2 of Cain's 999 plan: The FairTax!
HermanCain.com ^ | unknown | Herman Cain

Posted on 10/12/2011 8:34:49 PM PDT by UnwashedPeasant

Few seem to know it, but Phase 2 of Cain's 999 plan is the FairTax. Cain's website says the following about the FairTax:

1.) 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.
2.) The Fair Tax would ultimately replace individual and corporate income taxes.
3.) It would make it possible to end the IRS as we know it.
4.) The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.

(Excerpt) Read more at hermancain.com ...


TOPICS: Constitution/Conservatism; News/Current Events; Politics/Elections
KEYWORDS: cain; fairtax
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Here is video of pre-999-plan Herman Cain explaining the FairTax last December.

http://www.youtube.com/watch?v=_lMmEhffs3k&feature=player_embedded

1 posted on 10/12/2011 8:34:53 PM PDT by UnwashedPeasant
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To: UnwashedPeasant

+20


2 posted on 10/12/2011 8:38:48 PM PDT by CommieCutter
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To: UnwashedPeasant

Some of the stupidest remarks about Cain’s 999 plan have been those posted on FR.

From the “party of no new ideas”, Mr. Cain has brought forth a Big Bold New Idea, and people are responding very favorably to it.

It is a good economic plan, and a brilliant campaign strategy. Guess what everyone is talking about now? The 999 Plan.


3 posted on 10/12/2011 8:48:08 PM PDT by bigbob
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To: UnwashedPeasant

/cheers!!!!


4 posted on 10/12/2011 8:58:35 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: bigbob

It’s far better than the system we have now.


5 posted on 10/12/2011 8:58:42 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: bigbob
I've worked hard. I've had my earnings eaten away by income tax. I've had my savings eaten away by government-induced inflation. I've had my investments eaten away by capital gains taxes and dividends taxes. I've paid gas taxes, sin taxes, various fees and charges.

And yet, somehow, even with the government riding my back, I've managed to have some money put away. And so here comes Herman Cain and his band of sales tax morons, all hyped about coming after what's left of my earnings, and trying to take another 33% of it everytime I try to spend it???

Big and Bold? Here's big and bold: F U.

6 posted on 10/12/2011 9:00:55 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: bigbob

I have converted 5 kids, ages 18-22, to Cain supporters just by telling them about the 999 plan. Once I tell them how it’ll help the economy, they’re on board.

My daughter is putting together a group to go vote together in the primaries next spring.

They’ve all decided to walk with a cain when they go to vote! My daughter is collecting them now. :D

(I thought that was awesome!)


7 posted on 10/12/2011 9:01:00 PM PDT by Marie (Cain 9s Have Teeth)
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To: bigbob

GO HERM!!!! I really like this guy.


8 posted on 10/12/2011 9:01:16 PM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: Marie; bigbob

Yes, I meant cane! lol!


9 posted on 10/12/2011 9:01:31 PM PDT by Marie (Cain 9s Have Teeth)
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To: bigbob

The FairTax is a horrible idea. What’s to prevent future congresses from increasing the FairTax rate to 10,000%?

/sarc


10 posted on 10/12/2011 9:03:16 PM PDT by kevao
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To: UnwashedPeasant
Sounds like a plan. This is what I was waiting to hear. The present system is a mess and needs to be replaced. Hermann Cain seems like the only guy out there really talking about it.

I like.
11 posted on 10/12/2011 9:05:10 PM PDT by Antoninus (Take the pledge: I will not vote for Mitt Romney under any circumstances. EVER.)
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To: UnwashedPeasant

IMO, the FairTax will never work in the US. In fact it would absolutely destroy this countries economy. As would the 999 plan.

Federal sales taxes are simply an unworkable idea in the US. People mistakenly look at Europe and think wow this or that works there so lets do it here in the US. Well just like high speed rail, this ain’t Europe.

The American people are way to consumer oriented to ever convert to this system. We want lots of stuff and we buy lots of stuff. If you implement a 20 to 30 percent tax the American people would simply stop buying damn near everything. I live in Texas where we already have almost 9% sales tax and I buy lots of toys. Tack on another 20% or more tax to bring it to 29% plus and guess what? You guessed it, I don’t buy a freakin thing I don’t absolutely need.

Wake up people! This is an unworkable, never going to happen in the US idea.

The way to reform the tax code and get rid of the IRS is to go to a flat tax where everyone pays the EXACT same percentage on every penny they make. This flat tax would need to be 10% or less, preferably around 8%. It would not matter if you are working for minimum wage or you make 20 mil a year you pay the exact same rate. It should take only and exactly one calculation to pay your taxes, X amount per year times X%, end of story.

This would git rid of the IRS and government control scams via the tax code and give people incentive at all income levels to work as hard and as much as possible.


12 posted on 10/12/2011 9:15:22 PM PDT by precisionshootist
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To: Huck

What part of ‘the prices will go down because the corporate tax rate will go down and will offset the 9% sales tax’ do you not understand, Huck?

Not only that, but you won’t be paying the insane taxes on gasoline, phone bill, internet, etc that you’re paying now. Yes, you’d have a sales tax on items that have dropped in price, but you won’t be taking a bath on things that you’re happily swallowing now.

My phone bill is almost double what the base price is just because of the Fed’s taxes and fees. Gasoline will go down.

And Cain wants to use our energy resources. I know that right now, my kids are seriously hurting with the gas prices. You work a minimum wage job - you’ll have to work for your first hour for free just to pay for your commute.

The MAIN argument that the media is having is that they don’t think 999 will take in as much as what we have now. They say that it won’t work because it isn’t going to rip Americans off ENOUGH.

And one more thing: I’d sure like some social security reform so hubby and I can get back some of the thousands of dollars that we’ve paid into the system. As it is, we’re watching $700+ dollars a month being dumped into a system that we’re assured won’t be there for us. I’d like to put that money into MY retirement plan so I’m not sucking off the next two generations when my time comes.

(I can’t even bring myself to do the calculations to figure out where hubby and I would be in 25 years if we could invest that $700 a month. It hurts too much.)


13 posted on 10/12/2011 9:21:20 PM PDT by Marie (Cain 9s Have Teeth)
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To: bigbob

Next time some MENSA decides to harp on about 999, this will be my NINE point response:

Yes, it does put a new “pipeline” in w/o ditching the income tax. But its worth the tradeoff and here is why:

1) The IRS could be reduced by 99%, saving many billions. The tax form would be a single 1/4 sheet of paper, about the size of the old W2 forms:

Line 1. How much did you make _________
Line 2. Multiply Line 1 x .09 _________
Line 3. Send in total from line 2

2) Adding a sales tax yes, but eliminating the Capital Gains tax, FICA tax and Medicare tax for both employee and employer, the communications and other excise taxes, and the Death tax, and the double taxation of dividends. A fair tradeoff.

3) It expands the tax base to all individuals. No more freeloaders. My guess is the first 25K of income would be exempted from the 9% flat income tax.

4) A 9% corporate flat tax would be a world beater. The problem of shipping jobs overseas would be greatly reduced, if not altogether reversed

5) Art Laffer is behind this plan. IMO, one of the finest economists alive.

6) It would become infinitely harder to raise taxes. Not only for the reasons Cain mentioned in the debate, but more importantly, when raising a tax effects 100% of the population, Congress will feel the heat like never before.

7) It kills off the class warfare on taxes. So fools like Romney and Pelosi can’t ply their poisonous trade anymore.

8) It would force a major collapse or at least a major rejiggering of the WTO. They would rule it unfair, we’d tell the to *$#@! off

9) The entire cabal of tax lawyers, tax accountants, tax planners and IRS agents would have to find a new line of productive work instead of leeching off the blood of others.


14 posted on 10/12/2011 9:24:32 PM PDT by casablanca
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To: precisionshootist

And yet, with zero corporate tax, zero FICA, zero Medicade, zero income tax...

You really don’t see prices dropping enough to mostly offset the sales tax??

As far as people only spending what they need to spend...

GOOD! We’d have more people saving and less people sucking hind t*t when it comes retirement time.

People are spending too much. This is how we got into the housing and credit crises. To much easy money. Too many easy loans.

Then people get old or hurt and look to the productive to bail them out.

Last time I checked, that was socialism. We need to encourage savings.


15 posted on 10/12/2011 9:25:27 PM PDT by Marie (Cain 9s Have Teeth)
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To: Marie

Thank you for explaining so clearly, what Herman Cain is proposing. I agree with you 100%!


16 posted on 10/12/2011 9:26:09 PM PDT by Lucky2 ( NObama - Done in One - Time to clean the stink from White House!)
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To: Marie
And yet, with zero corporate tax, zero FICA, zero Medicade, zero income tax...
Do you really think the plan is Nein!-Nein!-Nein! on taxes?
17 posted on 10/12/2011 9:34:29 PM PDT by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: Huck

Huck the current system must be torn out by the roots. Those roots need to be soaked in non taxed deisel and burned to ashes.

Will people like you and I who have paid a fortune into the current failed system suffer a bit? Yes. But nothing like what has already been stolen.

Let’s take what we have now and leave a better world.

I’m not smart enough to know whether the 9-9-9 is the absolute best idea moving forward but I’m excited as hell to be part of the fight.


18 posted on 10/12/2011 9:35:07 PM PDT by liberty or death
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To: liberty or death
Actually, another 33% would be very much like what has already been taken from me. It's not trivial.

The world can bite me. I'm all for improving the system, but I'm not volunteering to be the guy standing when the music stops. No way.

Last I checked, everyone is in it for themselves. I'm not a sucker. No deal. The gubmint can bail out the banks, but we poor souls have to just pony up another 33% for the good of the country? Not if I can help it.

Cut spending. Cut spending. Cut spending. Cut spending.

19 posted on 10/12/2011 9:38:56 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: lewislynn

“Do you really think the plan is Nein!-Nein!-Nein! on taxes?”

Oh yes! I sure do! :)

Here’s one more thing: Someone like Huck, who’s apparently retired... I wonder if he’s living off investments? Maybe something like a 401k? (I’m not trying to make assumptions but he did say that he’d manged to put some money aside.)

Many, MANY retirees and people planning on retiring, took a serious bath over the last few years with the stock market crash. They lost a lot of money and are hurting now. Many are delaying retirement until they can afford to do it.

If the corporate taxes go way down, the corporations do better and their stocks go UP. Way up.

Then our elderly will be doing BETTER - not worse. I want them happy, secure and retired. I’d love my generation to step in to fill those jobs. I want my kids employed.

When the country thrives, everybody thrives.

Maybe I’m just prejudice because I shop at goodwill and on craig’s list. :)


20 posted on 10/12/2011 9:48:03 PM PDT by Marie (Cain 9s Have Teeth)
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To: Marie

“And yet, with zero corporate tax, zero FICA, zero Medicade, zero income tax...

You really don’t see prices dropping enough to mostly offset the sales tax??

As far as people only spending what they need to spend...

GOOD! We’d have more people saving and less people sucking hind t*t when it comes retirement time.

People are spending too much. This is how we got into the housing and credit crises. To much easy money. Too many easy loans.

Then people get old or hurt and look to the productive to bail them out.

Last time I checked, that was socialism. We need to encourage savings.”


No, don’t fall for that liberal, we need to cut back, we need to downsize, we need to comprimise load of leftist crap. We the American people DO NOT SPEND TO MUCH, We the American people ARE NOT LIVING HIGH ON THE HOG.

It’s the Government that SPENDS TO MUCH OF OUR MONEY. It’s the Government that is LIVING HIGH ON THE HOG AND WE ARE THE ONES PAYING FOR IT.

Quit worrying about what other people save.
Get the government out of our pockets and THEN if someone goes broke buying to much crap and not saving you can accuse them of this nonsense.

I like to buy lots of stuff yet somehow the largest single expenditure for my family every single year is TAXES!!


21 posted on 10/12/2011 9:48:24 PM PDT by precisionshootist
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To: UnwashedPeasant

So much for serious discussion of issues in this election from GOP candidates. One says of Cains plan that it reminds him of pizza and another some twisting 999 into 666.

The country is lost if this is the best the GOP can offer in response to a serious proposal. Those two candidates will never get my vote. They would drive the country off the cliff while grinning and sounding stupid.


22 posted on 10/12/2011 9:48:59 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Huck

Huck, you are uninformed. That is not unusual for you but I have hopes you will educate yourself before spouting off. So far I have been disappointed.


23 posted on 10/12/2011 9:49:12 PM PDT by Mind-numbed Robot
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To: Mind-numbed Robot

That’s for that vacuous bit of nothing. It was totally meaningless.


24 posted on 10/12/2011 9:50:07 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Mind-numbed Robot

And save a pretzel for the gas jets. Ice cream is cheap. Fact.


25 posted on 10/12/2011 9:50:51 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Huck

Do you mind explaining how you’re coming up with 33% in addition to what you’re already paying?


26 posted on 10/12/2011 9:51:43 PM PDT by Marie (Cain 9s Have Teeth)
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To: Huck

Thats is so off point. your comment makes no sense


27 posted on 10/12/2011 9:53:45 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Marie

I have savings and investments that have already been taxed. Under the unfair tax, it will be be taxed AGAIN when I spend it.


28 posted on 10/12/2011 9:54:07 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Huck

Real mature, Huck. I think we can do without the animosity and hate seen only on the DU.


29 posted on 10/12/2011 9:57:08 PM PDT by NavyCanDo
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To: Huck

Wait a minute.

You have investments?

Wouldn’t it be nice if those investments grew? Wouldn’t you appreciate a larger return?

Again, if your phone bill, internet and gas prices dropped sharply AND if you had more money coming in, can you at least admit that there is a possibility that you won’t be worse off than you are now?


30 posted on 10/12/2011 9:57:08 PM PDT by Marie (Cain 9s Have Teeth)
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To: gunsequalfreedom
What's so hard to understand? I earned money. The feds took a chunk. I invested some, got paid dividends that were taxed. Earned capital gains that were taxed. Socked it away in the bank. I've paid the feds taxes on all that money. And now the Pizza guy wants to institute the Fair Tax, which will take another whopping, insane, totally mind-bogglingly destructive 33% MORE if I dare to spend it! What's not to understand?

And then some moron comes along and says "well you dont have to buy anything. You can buy used." You can bite me.

31 posted on 10/12/2011 9:58:03 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: casablanca

+1 Like


32 posted on 10/12/2011 9:59:26 PM PDT by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
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To: precisionshootist

You are not properly educated about the Fair Tax. It is the one that eliminated the IRS, not the Flat Tax. With the Flat Tax the IRS is still in place making sure everyone is reporting their income properly. They are still collecting data on all you do whether there are any deductions or not. They want to make sure you are reporting ALL your income. They are still there looking over your shoulder. That is not true with the Fair Tax.

Also, the Fair Tax is applied only on new retail purchases, not everything you buy. Buy used, no tax! With the elimination of the FICA you immediately keep more money in your pocket. The Fair Tax is by far the best way to go. The European plan was a Value Added Tax which adds costs each step along the process of getting something from concept to market. That greatly increases prices. The Fair Tax only taxes at the end and it only taxes new items, not used.


33 posted on 10/12/2011 9:59:49 PM PDT by Mind-numbed Robot
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To: Marie; Huck
What part of ‘the prices will go down because the corporate tax rate will go down and will offset the 9% sales tax’ do you not understand, Huck?

What part of "corporations will not lower prices when their taxes go down" don't you understand, Marie? Why should they? Have you ever been in the corporate world? Sheesh!

And what part of "once the sales tax is added, it - and the corporate tax, and the income tax - will then be raised once again by Congress, as proven absolutely and beyond a shadow of a doubt by history" don't you understand, Marie?

999 doesn't cut spending. Spending is the problem - not raising more tax revenue! 999 doesn't get rid of the income tax. 999 adds a gigantic new federal sales tax, on top of state, county and city sales tax.

The ONLY thing that makes this plan look like anything other than the complete economic destruction it represents is the flat-out lie that these rates will stay at 9%, and then the graduated income tax will be gotten rid of later in favor of a flat tax.

Horsepucky. There is NO WAY the Rats and RINOs would EVER let that happen. They'd 1) completely block getting rid of the income tax, and 2) OBVIOUSLY raise the 999 higher and higher and higher.

A conservative should be running on CUTTING SPENDING - not adding entirely new tax streams for the government to play with! Geez!

34 posted on 10/12/2011 10:01:21 PM PDT by Talisker (History will show the Illuminati won the ultimate Darwin Award.)
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To: Huck
I already pay 9.4% sales tax 10.6% if we go out to eat.

Maybe I've missed something but I haven't seen anything in 999 about repealing the 16th Ammendment, That is a must.

35 posted on 10/12/2011 10:02:19 PM PDT by c-b 1 (Reporting from behind enemy lines, in occupied AZTLAN.)
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To: Huck

I’m with you on this one. A federal sales tax will doubly penalize everyone who has managed to acquire wealth over the years. It would be especially hard on the elderly who generally live on fixed incomes from past investments and savings. People who haven’t lived responsibly, deferred gratification, and saved for lean times would be the big beneficiaries. Plus, I’m not keen on giving the federal government new powers to tax us. What’s wrong with reforming the existing (and constitutional) income tax system into something more closely approximating a flat tax?


36 posted on 10/12/2011 10:03:32 PM PDT by CitizenUSA (What's special about bad? Bad is easy. Anyone can do bad. Aspire to be good!)
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To: c-b 1

Nope. 9-9-9 you get a national sales tax AND an income tax. You have to wait til phase 2 for the income tax to go away. Of course, then the sales tax goes up to 33%. That’s the new Tea Party—Tax Everything Already.


37 posted on 10/12/2011 10:05:02 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: NavyCanDo

You come after another 33% of my already taxed earnings, you’ll get animosity.


38 posted on 10/12/2011 10:06:45 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Talisker

Talisker: “Spending is the problem - not raising more tax revenue!”

Bears repeating! Some FReepers are applauding Cain’s innovative scheme to find new ways to fund the federal government. They are missing the big point. Our problem isn’t revenue. It’s spending too much!


39 posted on 10/12/2011 10:09:52 PM PDT by CitizenUSA (What's special about bad? Bad is easy. Anyone can do bad. Aspire to be good!)
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To: Huck

Whether you like it or not we are in a giant financial mess. You can whine all you want but that is not going to change it. Now maybe I was a bit too harsh regarding your criticism of the plan. I’m just sick of the mindless responses in response to a serious plan from the candidates. If the biggest pain you would have to feel is a tax on descrtionary spending to get this county from the brink of total collapse, how painful can it be.

You might consider the alternative. Your favorits store unavailable for you retail dollar either due to riot of empty shelves. Then you can sit in your living room and count your money with nothing to eat.

Rand Paul had it right. Nobody understand the magnitude of the problem. The Dems want to do nothing and the GOP wants to do next to nothing.

If for no other reason, I’ll go with Cain on the basis that he has the courage to take a serious look at the problem and off a plan.


40 posted on 10/12/2011 10:11:28 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Talisker

“What part of “corporations will not lower prices when their taxes go down” don’t you understand, Marie? “

Wow. OK. For a moment I thought I was talking to conservatives on a conservative forum where free market principles were pretty much accepted.

Competition drives down prices in a free market. Deregulation will help the process along.

And if they don’t go as low as you think they should?

Well then evil corporations will get this thing called PROFIT and their stockholders (retirees and the rest of th 40% of all Americans who’re invested in the stock market and evil profits) will also profit and be able to RETIRE (or be more comfortable in their retirement) if they want to...

And Cain *is* all about cutting spending and paying down the national deficit. Just because the focus is on his tax reform plan doesn’t mean that this is all there is to the man.

Look, the free market works. Competition works. Prices will go down.

If we don’t believe in this system then we may as well pack it in a join the communist revolution.

**************************

Right now there is a protest on Wall Street because corporations are stockpiling cash instead of investing in new hires or banks giving out more loans.

The reason they’re behaving this way is because they see Obamacare coming down the pike.

If you KNOW a storm is coming, you will alter your behavior to protect yourself. If you KNOW that there is fair weather, you’ll take more risks.

In the right environment, business will expand and thrive. They will reinvest in themselves. The spirit of the free market and competition keeps things in check.

Prices will go down.


41 posted on 10/12/2011 10:14:05 PM PDT by Marie (Cain 9s Have Teeth)
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To: Huck
That’s for that vacuous bit of nothing. It was totally meaningless.

And save a pretzel for the gas jets. Ice cream is cheap. Fact.

Thank you for your very coherent response. I rest my case!

42 posted on 10/12/2011 10:19:17 PM PDT by Mind-numbed Robot
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To: Huck

Famine bores me. Then we took a virgin heffer night riding. We didn’t see any dead spirits though.

This princess in the mustache, everybody hook up, one-size-fits-all...babe!

Seriously though Huck, you are being quite dense regarding 999. It’s not perfect, but it is a lot better than the current crappy tax system we have, and would result in taxes being paid more equitably, i.e. everyone would pay taxes. Right now, 50% of Americans don’t pay anything.

And it is a gateway to the Fair Tax, which is much more fair than the immoral income tax.


43 posted on 10/12/2011 10:22:17 PM PDT by Retired Greyhound (.)
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To: Retired Greyhound

lol....taxation aside, wasn’t that video hilarious??! My wife and I have watched it a dozen times! I cannot wait for some medieval cookie, cinnabon, hot yella kool-aid, and save a pretzel for the gas jets! (thank you, I wrote that.)

Now I’m going to have to watch it again.

I’m tiring of this tax stuff. I think I’ve made my point up and down.


44 posted on 10/12/2011 10:25:13 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Talisker
"A conservative should be running on CUTTING SPENDING ..."

That is part of Cain's agenda. Look at #2, right under National Security:
http://www.hermancain.com/the-issues

Cain knows how to cut spending bigtime as a business exec.

45 posted on 10/12/2011 10:30:34 PM PDT by UnwashedPeasant (Don't nuke me, bro)
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To: Huck
"I've worked hard. I've had my earnings eaten away by income tax. I've had my savings eaten away by government-induced inflation. I've had my investments eaten away by capital gains taxes and dividends taxes. I've paid gas taxes, sin taxes, various fees and charges.

And yet, somehow, even with the government riding my back, I've managed to have some money put away. And so here comes Herman Cain and his band of sales tax morons, all hyped about coming after what's left of my earnings, and trying to take another 33% of it everytime I try to spend it???

Big and Bold? Here's big and bold: F U."


The Fair Tax is perfect for you. It is a tax plan for savers. All your future savings will now be tax free, and all your current savings will now benefit from an explosion of economic growth. With the fair tax, your annual return on your savings will skyrocket.

A consumption tax is the perfect Republican tax. It's everybody paying their 'fair share'. Republicans shouldn't be afraid of a consumption tax. We should be working hand over fist to end the income tax. It's none of the government's damn business how much money I make!

EVERYBODY should pay their share. Only fair.
46 posted on 10/12/2011 10:33:42 PM PDT by ziravan (You don't have to be a rocket scientist to be President...but it helps.)
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To: ziravan

Bite me.


47 posted on 10/12/2011 10:34:30 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: Huck

Savings are already being taxed by monetary policy. When the Fed prints another $Trillion, every existing dollar loses value. Compared to real money (gold), you have already lost over 33% under Obama.


48 posted on 10/12/2011 10:35:34 PM PDT by UnwashedPeasant (Don't nuke me, bro)
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To: Mind-numbed Robot

What’s good is to get these goats for our computer industry!


49 posted on 10/12/2011 10:36:20 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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To: UnwashedPeasant

I know. So what’s another 33%, give or take?


50 posted on 10/12/2011 10:38:02 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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