I just don’t understand how they miss this — both of them!
Also they don’t seem to be focusing at all on tax reform except in economic terms.
I am convinced that tax reform is basically our last chance to preserve our freedom. It is the only way to immediately get more people as stakeholders in the tax system. Which is the only way to immediately stave off the growth of the parasite class to over 50%, at which time it would be GAME OVER.
This freedom rationale is and must be paramount.
In a way, I view tax reform as our first shot at entitlement reform. We have to reform those policies that make almost 50% of our population “entitled” to contribute no taxes to the federal system.
Cain’s plan does that. I don’t see the Perry plan doing that at all. It rearranges the deck chairs very nicely for present taxpayers. But it does nothing to broaden the tax base, i.e. ultimately make most nontaxpayers into taxpayers.
How Rush and Levin have missed this elephant in the room, I don’t know.
(Although Rush seems quite distracted and sometimes like he’s phoning in it over the last months.)
I wonder if Hannity is getting it.
“Cain’s plan does that.”
Yes and no. Cain’s plan doesn’t tax capital gains. The reason Buffet can claim he pays a lower tax rate than his secretary is because he chooses to take almost all his income in the form of capital gains currently taxed at 15%. Under Cain’s plan, he would pay ZERO income tax. His 9% sales tax on his retail purchases would be his total tax contribution.
The best that can be said for ‘9-9-9’ is that it is better than the Perry and Newt plans.
That is the heart of where this country is, and is why we cannot afford to have anyone but a blood and guts reformer as our next president.
The next president and congress must reform our present dysfunctional, destructive state of affairs, or this country is going to fall into a long dark night of horror we can scarcely imagine.
Of the reformist candidates in the race, it appears that only Herman Cain has a chance of winning the nomination. A lot can change over the next few months, and it always does with presidential primaries, but it doesn't look likely at this point that anyone but Cain can best Romney in this contest.
I know I'm veering away from the tax issue here, but our choice of nominee is going to determine whether real tax reform comes to pass or not, in the next administration. Perry, Romney, Gingrich, have all missed the essential revolutionary imperative that lies before us. All have presented feel-good tax plans that will do nothing to fundamentally alter the way this country collects taxes.
I don't know how much bigger a wake up call you need, than the last three years of Marxist mal-administration we've endured, but apparently, even that hasn't been enough to wake up some of our candidates to the stark reality we're facing.