Skip to comments.Herman Cain’s got the liberals squirmin’
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 (whos 100 percent black?)
Cains just a black poster boy, a plant to deflect racist charges aimed at the GOP. Thats the dismissive line
(Excerpt) Read more at news.bostonherald.com ...
This is so much fun! God bless you, Mr. Cain!
I especially love that Cain seems to have to problem telling it just as it is.If you just sit around waiting for someone to give you a jo then complain about someone else who went out and made themselves rich then it IS your fault you are poor.I hope we get to see Cain take it to Obama and tell him like it is.
I especially love that Cain seems to have to problem telling it just as it is.If you just sit around waiting for someone to give you a job then complain about someone else who went out and made themselves rich then it IS your fault you are poor.I hope we get to see Cain take it to Obama and tell him like it is.
Just think of the poor saps buying a home. Damn tax would probably be more than the down payment and would be payable immediately as part of the escrow bill. Pure crap. Wonder if a previous home would be considered used and no Federal tax? Got so many questions.
I think who he REALLY has squirmin’ is the republican establishment.
Corporate Taxes are passed onto consumers, as much 35% of the price of new car is based on Corporate income taxes. You will pay a 9% sales tax on a car that will have it’s price reduced as much as 26%. Therefore, you will realize an overall savings.
But you’ll have more to spend because your income tax will be significantly lower. And because the car dealer, manufacturer, shipper, etc. have lower taxes, the car will be less expensive. And, unlike your income tax, you can choose, via your purchasing activity, how much sales tax you are willing to spend. 9% of nothing is nothing.
It literally puts more control into the hands of the consumer.
That said, Herman Cain is fun to watch him hammer these liberal punks who put people in a box. Cain needs to keep telling it like it is to the blacks AND the whites who want to keep everyone down. I am sure the blacks who have been preferred by the establishment for their roles hate Herman Cain with a passion, but you will see one or two black entertainers or athletes step out and confirm his words.
The fair tax puts more control in the hands of the individual,
and out of the hands of politicians and gov’t officials.
This is why they oppose tax reform so much.
Do they have “sentence check”?
Yup. Taxes are used to control people all the time. Heck, it’s why we have the mortgage interest deduction. And there are the “efficient water heater credit”, etc.
I hate that stuff.
Approx 22% of the retail price of items in the USA is due to federal corporate income taxes that would go away under Cain's plan. How would this affect your car purchase?
Current price = $30,000
Retail price under 999: $25,560 ($23,400 + $2,160 corp income taxes)
Sales tax under 999: $2,300
Total price under 000: $27,860 (you save $2,140 under 999)
You also have to factor in how much you would save on the state sale taxes on the car, since you would be paying them on a $25,560 purchase price instead of a $30,000 purchase price.
If you state sale tax was 6%, you would save $264 ($1,800 vs $1534).
The 999 plan would save you about $2,404 on the purchase of your car.
People need to come to grips with just how much we pay in hidden taxes that are built into the price of products we purchase. If they did, they'd realize that the 9-9-9 plan ends up saving consumers money on almost every purcahse.
Now I want to see how Herman can somehow lock in the 999 we're good.
This may be a good thing as it makes the tax far more obvious. The problem now (with with payroll deductions) is people don't really know how much they are paying in taxes. I remember about 15 years ago the amount of gas taxes were posted on the pump. That lasted about 6 weeks until the legislature put a stop to it.
Personally, I think the amount of taxation should be the expenditure by government divided by the population. Simply send everybody a bill for the federal, state and town taxes on the day before elections are held.
I would also favor a law that would bar anyone from voting that takes government money in any form. That would prevent these people from voting themselves a raise and prevent the purchase and sale of votes... Which is why it would never happen
I say: ... Pizza Guy 2012 !!
You may hate it, but I consider it a moral imperative to feed the beast as little as possible,
and not taking advantage of all tax breaks possible is giving them more money and power to reduce your freedom.
It may cost me $500 to save $100 in taxes, but I’ve done things like that.
I'm not sure why it's so hard for people to see the advantages of this 999 proposal.
I heard but have not confirmed that the sales tax portion of the program only applies to new items? If so buying a used car or preowned home would be very interesting.
It's called competiton, and it works every time.
The result: milk prices will go down.
It's only when the government interferes in the free market system that prices don't drop. Let to its own, free market competiton will force prices down to the lowest point.
So what happens to the greedy business man that tries to keep the increase in profits instead of passing it onto the customer? They lose so many customers that they go out of business.
I hope so and i hope he continues.
In GA the sales tax only applies to the purchase of new items. I assume it’s that way in other states as well, and I assume it would be that way with a federal tax.
Wait a minute here... I think you are misleading people. Because Cain’s plan cuts taxes.
I have had my head explode on multiple occasions when I tried to explain to a Liberal that mandatory insurance laws drive the price of insurance up instead of down.
You take a good that has a fixed supply because the number of providers is set by the state and then you push the demand to maximum by making owning this good mandatory. The price will go up not down.
Somehow the Liberal mind just cannot accept this -- it's like showing the cross to Dracula.
How will the liberals deal with this?
If Romney is picked over Cain, they’ll claim the GOP racists rejected the black guy.
The 999 calculator is way sweet...
Will be passing it on to all those who are victims of our crappy public school systems and cannot grasp the savings from 999.
I want Herman and his people to get out in front of this with simple examples of how this will be good for the little guy. Cain is a sales and marketing guy, he's got the country hooked with the 999 now he has to close the sale. Show the public how hard it will be to start raising the rates.
That is the concept that the vast majority people fail to understand. Even somebody on welfare does not escape income taxes that are embeded into the price of every good and service that they consume. And policiticians love it that people don't understand. If politicians were transparent in their disclosure of the REAL burden of taxes that people pay, every government employee in Washington would be afraid to show up to work tomorrow
Just the first part is for you, the rest is just a general rant.
You don't have to worry about your new car.
The car price today has higher than a 9% corporate tax already built into the price. The US currently has one of the highest corporation taxes of any major country. When corporate taxes go down, they charge less due to competition to maintain the same profit margins (assuming its not GM). When corporation taxes go down, businesses are more likely to set up shop in the US and employee more people. When more people are employed, less money needs to be borrowed from China to pay our bills (but that is a story all by itself)
In addition to that, you are most likely paying way more than 9% in income taxes today. With 9-9-9 your take home pay increases.
If you are not paying more than 9% income taxes today, then they need to be raised to 9% so that you can pay your fair share. That is one of the good things about the 9-9-9 plan. It does away with pitting those who pay taxes vs. those who do not. Everyone then has skin in the game. Also, when someone pays their fair share, they will begin to feel better about themselves and have a more positive self-worth.
I have read from other that have been concerned about 9-9-9 turning into 15-15-15, 20-20-20, etc. if the Dems have House/Senate/Presidency. It is no different than them increasing the current income taxes to 70% for everyone. If they control all three, they can do it, and it doesn't matter if we are talking about 9-9-9 or the current system. Now the question on if Americans will put up with that is the limiting factor in both cases.
Again, the important point is that it makes everyone equal. It unites us instead of dividing us. It levels the field for corporations as well and then lets the free market economy decide which ones work or not, not the slimy government bail outs and tit-for-tat tax favors we currently have.
Our system of government is not broken. It is doing exactly what the people wanted. Obama was totally out of control, and the last election slowed him down, as desired. Our problem is the people we elect (commies, socialists, the mob, and general USA haters), not the system as described in our Constitution.
>>Corporate Taxes are passed onto consumers, as much 35% of the price of new car is based on Corporate income taxes. You will pay a 9% sales tax on a car that will have its price reduced as much as 26%. Therefore, you will realize an overall savings.<<
Sorry, but that’s incorrect. Cain’s program (which I think deserves some consideration, by the way) doesn’t cut the corporate income tax to 9%; it replaces the corporate income tax with a tax on gross sales, less some adjustments. And because the 35% income tax is only paid on profits, it’s actually possible that Cain’s 9% corporate tax is a higher tax than what the company is paying now. This is certainly true, for example, when the company breaks even for the year and owes no income tax. Under Cain’s formula, they would, because they would have sales revenues, and the adjustments permitted wouldn’t reduce that figure to zero, so the company would owe 9% of something as opposed to 35% of nothing.
The real key to Cain’s plan is how it structure incentives. A 9% personal income tax is a tremendous incentive to work because you get to keep what you make. A 9% sales tax is a disincentive to purchasing, which raises savings and provides a source of long-term capital. And a 9% tax on corporate sales (it sounds like it’s sort of net corporate revenues, because the company gets to deduct the cost of products bought from other companies) is almost like another sales tax. Because of the way it’s structured, a company that’s labor intensive, say a law office, would pay almost 9% on total revenues for the year, whereas a company that’s capital equipment/resource intensive, say a steel company that’s highly automated, would pay 9% on only a small portion of their total revenues, because they could deduct the cost of all the iron ore, equipment, electricity, etc., that they purchased to make the steel.
The beauty of it, though, is that it would be a constant number, and companies would be able to easily adjust the prices of their products to account for the taxes they would owe. Also, taxes would effectively be lower on manufacturing companies (with high resource inputs) enabling domestic companies to better compete with overseas manufacturers. Domestic industries like law firms and accountants would pay high taxes relatively speaking, but don’t typically compete with overseas suppliers of their services.
It’s a very complex plan when you try to consider the details, but I think the incentives are generally good. Anyone that says they know how it’s all going to sort out in the end, though, is just blowing smoke. A certain amount of trust has to be put in establishing the right incentives, and then letting the economy do its thing. After all, that’s what Reagan did...he just dropped personal tax rates and stood back and watched people start working and paying taxes at a faster clip...and it worked.
His plan distributes the tax burden more fairly.
Do you like it that half of the population pays no taxes? I know I don't. And that the job creators have to pony up millions, sending it to the government rather than paying it to newly hired employees? I don't.
major double ping my man
General even now days on big ticket items I get the seller to eat that cost, I think it will be the same under herman’s plan esepcially with the tax savings the business would get paying only 9%.
Frankly, most libs are stunned when the discover any non-whites who are conservative Republicans much less one among the contenders for the nomination for president. It is beyond their powers of comprehension. They have built their whole screwy world on the premise that conservatism is a philosophy of hating non-whites and keeping whites rich and in power. No black or brown people allowed. So conservative Republicans are responsible for boosting Cain while the lib-moderate Pubbies favor the uber-white and wealthy Romney. Libs are thoroughly discombobulated. But don’t worry, they’ll still come back to play the race card. Even if Cain is nominated and then elected president.
Thank you for this - nice and easy to understand.
“I think who he REALLY has squirmin is the republican establishment.”
I assume that’s all of his family. Nice to finally see a picture!
John, I think you need to re-visit the numbers. Isn't the federal tax on corporations applied only to the profits? I do not believe they pay 35% on all revenues, just on profits. So the 35% would not apply to the cost of the car, but the 9% would.
I posted this elsewhere, but will rant again, until someone says “you’re wrong because . . .” :-)
A tax on gross eliminates the “bribe me and I’ll cut you a tax break” sword that hangs over businesses. The side benefit is that businesses will take a harder look at where their money goes - with no more unproductive tax write-offs, the money will be directed to areas that create wealth and jobs.
It will be tough on the spendy restaurants, country club memberships and all the other outfits that exist only because of those write-offs, but perhaps this country will then get back to making things other people really need.
Maybe they could imbed in the reform that any changes to the 9-9-9 percentages would have to be voted on by the public only in a presidential election.
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 hes brilliant but flighty, not the guy Id want as president...VP maybe.”
And I feel just as you do on Newt.
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”....
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