Posted on 10/13/2011 11:06:31 AM PDT by justsaynomore
Maybe I'm overly cynical because I'm a black conservative. I really hope that Cain can make real inroads into the black vote. I'd like nothing more, than to see the Democrats' stranglehold on that community broken once and for all.
I understand. I am basing what I am saying on some fundraisers and tea parties I’ve been to. A member of the Republican group at Morehouse says their growth has been encouragin.
Finally, we get to post #24 and find someone who is THINKING.
Hello? I thought Tea Party stood for Taxed Enough Already, yet we see the crowd here swooning over the proposal for not one, but two, new FEDERAL taxes. What is wrong with people?
Once again, the kool-aid fails to take effect on me and I am alarmed at this horrible, stupid ‘9-9-9 plan,’ which Cain finds so difficult to explain but easy to defend.
First of all, a national sales tax would require a new level of federal bureaucracy to collect and process the tax. What then becomes of each state’s sales tax? Are those abolished and how? The feds will be telling the states what they can and cannot tax?
Second, the sales tax will be applied to goods not taxed now, most notably, groceries. That is hideous. Will it be applied to gasoline also? Yikes!
It gets worse. The sales tax accompanies a consumption tax, while the income tax rate is applied across the board: a big break for high earners and an additional burden to the working poor.
In essence, the 9-9-9 plan screws those who can least afford it. Thanks, but no thanks. It’s a colossally dumb idea. And shame on Paul Ryan for endorsing it.
9-9-9 has many good elements, many positive themes and I'd like to see even more detail than posted online. The detail must exist if it's been independently scored as Cain says.
I'm sick of the same edge nibbling so many other candidates want to do with the existing code.
As a trained federal tax lawyer, it's no surprise Bachmann opposes scrapping the code. The convolution of the existing code is a guaranteed employment act for folks like her. They can set themselves up as high priests and priestesses of tax compliance and rake in millions that could be going to new hires or R&D.
But but but I thought 9-9-9 was a terrible plan! The RINOs told me so!!
So do I. I live in California and we have a high state sales tax rate, but it is not applied to food and gas. I thought conservatism supported states' rights and fewer "fixes" at the federal level. We could not bear to pay both a state sales tax AND a federal sales tax. Would the feds then be telling the states to rescind their tax?
I don't see how this is good for America, for conservative principles, when it goes in the opposite direction of what we need which is LESS government "fixes."
That's a good point!! How about a new amendment.... Only people who pay taxes have the right to vote?
There you go: a Cain/Ryan ticket. I’d work for that one and donate too. I hope Ryan has a protege to take his place in Congress because we need him there too.
From what I’ve seen at DU, they think we’re too racist to vote for him.
Boy, will they be surprised!!
See the analysis I did here for someone:
http://www.freerepublic.com/focus/news/2792273/posts?page=50#50
What’s missing from most people’s analysis is the fact that approximatly 22% of the retail cost of items in the USA is due to federal taxes—taxes that are eliminated by the 999 plan and replaced by a 9% flat tax.
Does anyone really believe that “9-9-9-” won’t become 50-50-50 during our children’s lifetime? And if you do believe, please tell me why— because I desperately want to feel the joy too.
Basically, by making all voters into taxpayers, you make them all into anti-tax spending hawks.
Whether a person likes the plan, or not, they ought to be more open-minded about it when Paul Ryan loves the plan.
If Ryan endorsed the plan, wholeheartedly, and not just the idea that Cain offered a “bold” plan, then it’s a major endorsement for Cain...
That still doesn’t address the issue of the state sales tax. Why is it better to pay tax to the feds than the states? What about states’ rights and de-centralization of government? The gist is that ‘9-9-9’ goes in exactly the wrong direction.
Who said the state sales tax would go away?
The state has an income tax, and so does the fed.
The state taxes gasoline, and so does the fed.
The state has a death tax, and so does the fed.
There are already mechanisms in place for all of these, nothing new would have to be invented or added to make it work.
Also, Cain mentions in his 9-9-9 plan that it is essentially a middle step to a full implementation of The FairTax bill.
Lastly, people forget that free market economies (whether through fiat currency or hard currency) are based essentially on consumption of goods and services and the wealth created by producing them. We call this GDP. A pure FairTax plan not only provides people with a direct correlation between taxation and the economy but it is also essentially a tax-rate-limiting feedback inhibition mechanism to the economy; meaning the tax rate directly either speeds up or slows down the economy depending on consumption and purchasing power. Raise taxes, people buy less, and this slows the economy to stave off inflation, lower taxes, people spend more, speed up economy and growth to ward against stagflation. Either way, taxation is transparent and easily correlated with how the economy is doing. The goal ultimately is some sort of economic homeostasis.
I haven’t even touched on how reducing or eliminating corporate taxes will lower prices across the board for everything and everyone as well as the whole host of other engines of prosperity it unleashes.
Now that some serious heavyweight conservative economic guys have come out in favor of the 9-9-9 plan, can we start having a serious dicussion of the plan’s MERITS instead of just slinging will accusations?
I agree. However those who haven't read or don't understand Cain's plan most likely have never heard of Paul Ryan or Arthur Laffer either.
Others don't seem to understand that we have the highest corporate income tax in the world...
... and this is a major contributing factor to our jobs going overseas.
.
If Ryan endorsed the plan, wholeheartedly, and not just the idea that Cain offered a “bold” plan, then it’s a major endorsement for Cain...
Thanks.
First of all, many taxpaying Americans haven't a clue what they're paying in taxes. They never look at their paycheck pay stub, but only look at the net amount on their pay check.
They don't see the dollars being confiscated from their earnings. They're clueless.
A consumption tax is visible to the unwashed. Second, if they did, and understood third grade arithmetic they might be able to calculate percentages.
Consumption tax increases would have to be voted on by Congress.
People seeing $9.00 tax go to 10% on their $100 purchases would have a clue, unlike many here.
"I'm clueless."
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.