Posted on 10/12/2011 12:38:52 PM PDT by Fred
All over Cambridge, Brookline and Jamaica Plain, the self-satisfied set is beyond appalled.
Herman Cain, a black guy, is the new darling of the Tea Party — the very party that liberals have labeled racist since it was born.
How to explain this disturbing turn of events? How will liberals deride Tea Partiers now? And since so many felt so good about themselves after voting for Barack Obama (who is biracial), how good might white independents feel after voting for Cain (who’s 100 percent black?)
Cain’s just a black poster boy, a plant to deflect racist charges aimed at the GOP. That’s the dismissive line
(Excerpt) Read more at news.bostonherald.com ...
And the Perry people
Yes, and if you buy an item USED or if it is AMERICAN made, you will pay no taxes on it.
Very good illustration. You and I have had the opportunity for Neal and Herman to explain it in detail on WSB, we need to keep repeating it for all of these people who are gun-shy of a national sales tax.
It’s a good thing people...with all of the embedded taxes being eliminated and the stability it affords the business owner, we’ll unleash a bunch of capital and things will get better quickly.
Herman is the man, I’ve no doubt about it!
Not only are the people gun shy about a national sales tax (yet they support the Fair Tax), they are purposefully failing to understand and/or spewing false facts about the 9-9-9 plan for political expedience. They realize that their Governor from TX is basically through and they can’t handle it.
Yes you’re right, they do feel a little perturbed at Perry’s fall in the polls, and I’d feel that way too if it was my candidate.
Frankly, I like Perry, I feel his attitude about immigrants, (illegal or otherwise), comes from his deeply rooted Christianity, and while it doesn’t play well with conservatives to spend taxpayer dollars on someone who’s gaming the system, I understand his “spirit of generosity”.
That being said, tax dollars are collected at the point of a gun, when you get to the nub of it, and spending those dollars on things that aren’t necessary is a big fly in my ointment.
If Cain were to collapse, Perry would be my second choice. I know Newt, and he’s brilliant but flighty, not the guy I’d want as president...VP maybe.
I just don’t see a Cain collapse. I figured Perry would because he was pushed on us by the media without any real grass roots support. He proved himself in the debates and I think he is done. The difference with Cain and the others is the positive intensity of those supporting him. Cain won’t decline among those of us who support him...and he is picking up more and more people with each passing day. Unless he has a major blunder, he won’t fade.
I agree with you. I was one of the hundreds of people calling his show urging him to run. I voted for him for senator when he ran here in Georgia. He’s a great guy with no sense of self importance. He’s just a down to earth, plain old common sense type of guy.
Why can't a sales tax be corrupted just as easily as the income tax was, crammed with special exemptions, different rates for the output of well-connected and powerless industries, etc.? It seems to me the two tax systems just as easily lend themselves to arbitrariness, and stacking a new sales tax on the income tax as in the 999 approach may actually expand the opportunity to game the system. Is there something about the plan I am missing?
“If Cain were to collapse, Perry would be my second choice. I know Newt, and he’s brilliant but flighty, not the guy I’d want as president...VP maybe.”
And I feel just as you do on Newt.
RE: 999..
Your reasoning to be against the plan is hogwash... You think having to pay an extra 9 percent on a new car is going to break you? Seriously?
You obviously refuse to see the disparity of the current tax system. The existing tax system allows the Rich to capitalize on loopholes that you will most likely never be able to achieve it may be touted as a progressive tax but it isn’t it is a completely unfair tax system that is dominated with special interests that use the government to force people to change their behaviors through tax incentives what a farce. It is government enslavement.... If you value freedom then you must value a flat fair tax.
Herman Cain’s 999 plan is the closest thing yet that I have seen that can make the system fair for everybody. If you work then you pay more then 9 percent in your Federal income tax now so you will save money there and on top of that you pay FICA. Under Cain’s plan thats what the VAT 9 percent takes care of Social Security and Medicare.... So you save money in the long run. Plus if you don’t really understand just how insolvent Social Security and Medicare are then take a look here http://www.usdebtclock.org/
Do a little studying on the issue and tell me how are you going to ever be able to afford that new car when the Bush tax cuts expire and Obama raises taxes on everyone? Plus when he builds in the tax to pay for Obamacare into the purchase of your vehicle and on top of that when he increases taxes on the “EVIL RICH” don’t you think they are going to raise the costs on all their products to make up for what they are losing out to Obama? So you are really going to get it in the shorts.....
Use your brain, get informed go to youtube and watch every Thomas Sowell video you can find ..... because “It doesn’t matter how smart you are, unless you stop and think”....
My state, Oklahoma, does not have a sales tax on cars. Instead, it has an excise tax based upon the sticker price, not the actual selling price. For me, I would pay less with a sales tax.
The tax is FLAT.... There is no more IRS. There is no gaming the system. You tell me how can you game the system when the government collects 9 percent income tax, 9 pecent corporate tax and 9 percent VAT on purchased items?
I don’t see how you get a loophole in there.
To put it simply..
If you take
A) the 47% that file income tax and dont pay taxes
B) all the folks working under the table
C) all the folks engaged in illegal trafficking
D) all the folks who get back 2000 to 6000 MORE than they paid (EIC)
E) all the wealthy that use loop holes and CPAs to pay low or NO taxes.
Unfortunately you have to actually have faith that a business would actually reduce it’s price if it’s tax rate fell. I find it really hard to believe myself. I can see the business pocketing the difference and giving it’s CEO a huge bonus.
It’s an interesting idea and the only ‘new’ idea out there, I would still vote for someone like Cain even if this is what he thinks is the answer, because he supposedly cannot enact this type of tax by himself.
Unfortunately you have to actually have faith that a business would actually reduce it’s price if it’s tax rate fell. I find it really hard to believe myself.
This poster probably does not work for a private manufacture because if he did he would have heard of the term....competition....the industry I worked in for 30 plus years had five or six companies doing the same thing and pricing our products all based on the same cost factors. If we decided to “pocket” the difference in taxes we would lose our business in 24 hours. The market will take care of the difference.
The REAL problem for these liberal asswipes comes when Cain gets the Presidency...
...Because, when they start in with the attacks and garbage that they’re SOOOOOOO eloquent at...
...THEY BECOME the RACISTS now, attacking the REAL First Black President!!
Ya just can’t make this sh*t up, ya know?
That might be true for a business that had a monopoly, but, keeping one’s price high while the competition lowers its price to grab market share would be a bad business decision.
Wholesale and Retail prices will drop, and business will re-migrate back to the US creating more jobs. Its the simplest, fastest way to rev the economy.
The point is, when a tax is levied against a corporation, that corporation just includes the cost of that tax (and the cost of complying with the tax laws including salary for employee directly employed to comply) in the price of its product or service. Don’t forget the costs incurred to lobby politicians to give certain tax favors, will also ultimately be passed on to consumers. So the customer pays the tax. This applies at any level, and flows all the way to the private citizen who ultimately pays all the taxes. Sometimes it’s a long chain, but all the links are connected, and at the bottom of any product tax chain, is the private citizen customer. So, corporations collect taxes for the government (so that citizens don’t directly see the true cost of govt). It’s just another way the government gets your money! The embedded cost ranges from 22% to 40%, depending on the product and business. Larger Corps have a competitive advantage over small business as they have the political ties to lobby for special considerations under the current tax system. My example was indeed rough, but overall it illustrates the savings. This is the main reason “Jobs are exported”, as its cheaper to comply with the tax codes in China, Pakistan, India and Cananda. As more and more businesses migrate it becomes tougher for US businesses to remain competitive.
All the Mittsters on Fox are having a conniption over Cain.
It’s just a law, not a constitutional amendment. And some future Congress can change any law. Some future Congress might say that solar cells or foods that use some ingredient that just happens to be found only in Florida only pay a 6.7 percent tax, and then proceed to do that for an infinite number of other goods whose manufacturers have paid the requisite bribes.
The income tax was at its inception conceptually pretty simple too. What comes out of even the Congress that passes 999 won’t be pure 999, and the distortions over time will accumulate just as surely as they did with the income tax. Won’t they?
“Gaming the system” only happens because different treatment of different kinds of income is mandated by Congress. That would be done too with different kinds of corporate income and different types of sales under any tax system, I think. I don’t understand what’s so magical about adding a sales tax in terms of ending “gaming the system,” since it’s an irredeemably corrupt Congress that sets the rules of the game.
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