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Allfreedom99 on 19 October 2011
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Mr Khan said:
Allfreedom99 said:
mrstickball said:
Kasz216 said:
I would like to see Herman Cain win, if only because I'm not sure any of the Republican candidates are appealing enough to beat Obama, even as poor a job as everyone thinks he's done.

I'd be REALLY interested to see how the media covers him in a full election, if their would be any racism directed towards him or if there would be any racism directed towards Obama as people push for a "real black president."

And if he did win... it'd be better then the other republican candidates if only because we won't have to listen to 1000 more op eds about how racism was why Obama's numbers have dropped so poorly and that's why he isn't getting a second term... and that it has nothing to do that he was basically Bush part II on everything important and that if anything the opposite is probably true, he'll survive because of black voting that wouldn't be as numerous for a white candidate.

The 9-9-9 plan sounds a bit bothersome, but I don't actually see it passing.

Actually, the more and more I read it, its pretty freakin' amazing. Its not perfect, but its vastly better than what we have now. Flat tax, sales tax, and business flat tax with very, very few deductions. It gets rid of multiple taxes in the process such as capital gains, death tax, FICA, and other payroll taxes.

Throw in the fact he wants to change social security into a Chilean-style defined benefit plan, and you have a good winner.

I only watched about 1hr, 30 minutes of the debate last night due to a PC error. The fight betwen Romney and Perry was incredible... I think that Anderson Cooper should have given them both knives, and left them to their own devices.

Right now, I'm in Cain and Paul's corner... Although I still wish Johnson would gain some traction. Huntsman and Santorum need to drop out of the race.

Whomever wins needs to pick Gingrich as the VP, because he would tear Biden a new rear end in a debate. Gingrich has already come out and said he wants Lincoln-Douglas style debates, which would be incredible to watch... 3hrs, no moderator, no audience, no rules. Just a time-keeper. THAT would be awesome for the country.

Here are my thoughts on 999 and tell me if you see the same. I should read more into it but so far I do like a lot of the components.

Many of the people against it say that taxes on the lower and middle class would actually be raised. In a sense I guess you would have to say thats true, but it gets all people paying taxes and having a skin in the game. We all know the a Whopping 47% of Amercians do not pay any federal income tax. That means almost half are not contributing. Having a sales tax ensures a more fair system.

Now tell me your thoughts but here is my thinking on his plan. The corporate tax rate is at 35% currently. Under this plan it would drop to 9%. Now we all know that corporations never just "eat" the cost of the corporate tax burden. They pass that extra expense along to consumers to pay which causes the prices of goods and services to go up, correct? So in essense most of the corporate tax burden gets paid by consumers? isn't that fair to say? ...Now that being the case if the corporate tax burden was dropped to 9% that would be a huge increase in available cash to business which would then allow them to expand, hire workers, and drop prices of goods and services. Therefore, while lower income earners may be now paying more for taxes the overall living cost will become lower for them, because the prices of all goods and services will theoretically drop substantially. This means that under Cain's 999 plan wouldn't it actually help lower income earners due to the drop in prices of goods and services that consumers want, need, and desire?

Prices of goods will rise at point-of-sale. 9% is higher than what i'm used to in Western Pennsylvania, and its even a notch higher than Philadelphia's regionally legendary sales tax

True with a 9% national sales tax prices of goods will rise at point of sale. However, what I am seeing in this plan is that it would allow for the initial prices of goods and services to drop substantially. So you will pay much less for the products and services that consumers purchase before the national sales tax. Even with a 9% sales tax point of sale costs may not be much different from what you already pay for those goods and services now and could possibly be even less. Thats just what I am perceiving so far when I look at how this plan would effect the markets.