Herman Cain's 9-9-9 plan, Occupy Wall Street

Schiff Report 10/15/2011
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[psillyguava]

Ron Paul

- Bring home ALL the TROOPS Day 1

- End (and audit) the private bankers' “Federal” Reserve & the power for THEM to print OUR currency (Thomas Jefferson warned us)

- End the “Patriot” Act

- End the FEDERAL GOVERNMENTS' 40 year long UNSUCCESSFUL & COUNTERPRODUCTIVE war on our God given right to choose what we put in our bodies (The End of the War on Drugs)

- Cut 1 trillion dollars from the debt his 1st year & have the Budget Balanced in three

- End the IRS & Income Tax

Vs

Cain

-999 Tax.

[astrosntexans]

Yes but the 9-9-9 plan would raise the effective taxes on the poor and lower middle class. Because most of them pay 0- very little in fed income taxes at the end of the year after all the deductions they get. So they would go from around 0 to 9% in fed income tax, but also now have to pay an additional 9% tax on top of the 6-8% state consumption taxes whenever the buy anything. BAD IDEA.

[drinfested]

In the Reagan era, and for many many years before that, the highest tax rate was 70%. Reagan himself said the rich should pay their fair share, and they they were taking unfair advantage of loopholes.

The idea that we can never raise our tax rate under any circumstances today is ludicrous. Tax rates have changed in the past, and have been very high at times, particularly during prosperous times. People who earn their money pay more (35%) than those who don't (15%).

[gr8maker]

let me give everyone an easy example of The Fair Tax or a National Sales Tax. Take General Motors ( Govt. Motors) if someone can afford to buy a NEW chevy they pay a sales tax on the cost of the Chevy if you can afford to buy a BUICK you pay the tax on that a Cadilac , or a Corvette the more you spend the more you pay this is why everyone pays THEIR FAIR SHARE

[gr8maker]

philosophizer... did you hear what you said "the money the rich get from INVESTMENTS dont create business" what the hell do you think they invested it in... business and even if they buy more stuff where are they going to buy it from other BUSINESSES how LIBs dont understand eco 101 boggles my mind

[Zac6230]

@philosophizer149 ohh fuck off

[qing333]

I disagree with this, Ron Paul Ownd you!

Youtube - Ron Paul 'Herman Cain's 999 Plan Is Dangerous'

[philosophizer149]

Bottom line 1% of the population has 60% of the nations wealth, therefore they should pay 60% of the nations taxes. Period end of story, you can't tax someone what they do not have. The sad fact of the matter is that while the idea of making the rich richer to help society sounds good it doesn't work, because the money the rich get back from investments they don't create businesses with, it seems to me they just buy more stuff.

[sebholding]

If we replace the income taxe by an consumption taxe, it will be an taxe increase for the poors, no ?

[wangsta25]

@TWSceptic I recommend studying the period in between 1945-1973, otherwise known as the "golden era of American capitalism" a time when EVERYONE benefited from the market and not just the rich. Back in that period the highest tax bracket was a BIG GOVERNMENT SOCIALIST NAZI COMMUNIST rate of 70-91% and there were A LOT more regulations. This was when the middle class was growing at an accelerated pace.

[wangsta25]

@TWSceptic "its future will be better than U.S. and Europe" Pal u need to stop getting ur stuff from the Cato Institute and Fox News. Actually start looking into China's social structure. Don't just skim the surifce and say "ohhh their economy's gonna get better than ours." The lower class in China is getting nowhere, people at the bottom of society's living standards hav actually gotten worse. The middle class is also VERY slowly growing. All u do is see if rich people r benefiting.

[TWSceptic]

@wangsta25 Even when the 'rich' give 99% to big inefficient government you will still bitch and hate on them because you're a jealous failure. What you need to understand is people should get equal opportunities without government intervention. The US suffers from the same problems many other countries do, which is why countries like China, India etc are taking over. Like I said you have no clue about economics, history, or the fundamental growth factors for prosperity. I recommend more study.