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Herman Cain vs. Herman Cain On The Regressive Nature Of His "9-9-9" Plan

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Uploaded by on Oct 17, 2011

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News & Politics

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  • @jfsfrnd Yeah I realized that now lol.

  • @raventakayama You misunderstood my comment. I posted the calculator because I think it IS BS. I guess I also misunderstood your comment. Sorry. I think we are on the same page about the 9-9-9 plan.

  • @jfsfrnd What? You want the specific names of the economists or the schools and organizations they work for? Considering the fact that the media rarely reports the individual names that' would be difficult to get, but I can give you the name of a moderate conservative economist who thinks 999 is the worst plan ever. Bruce Bartlett is the man I'm referring to. Now let me ask you an open ended nonsense question. Who's the webmaster who created the calculator? And what ties do they have to Cain?

  • @raventakayama Which nonpartisan ecomomist? Who is that?

  • @raventakayama Thank you for thinking for yourself. :)

  • @ace Not much in the form of savings. Even if this trickle down plan works half as good as Reaganomics did there will still be a decrease in expendable income for the middle and lower classes. Even if there's a 10% wage increase, which is just wishful thinking, you're going to pay out the extra money earned on the goods you buy under a 9% national sales tax, which will couple with the state tax. This means you'll be spending around 16 cents on every dollar for all new goods. There's no savings.

  • @jfsfrnd The calculator is bs. It does not create a comparative analysis of expendable income now vs expendable income under 999. I'll believe the nonpartisan economist over a calculator set up by the people trying to push this agenda.

  • At least Gregory SORT OF called him on it. I watched Christi Anamanpour ask him the same question without challenging his answer. His answer was based on the falsehood that payroll tax and STATE LEVEL ("oranges") taxes would all magically go away.

    In reality, if you're poor you pay no fed income tax, but do pay payroll 6% and in some states 10% sales tax. Cain's plan would have them paying 19% sales tax and 9% income tax, possibly on top of the 6% payroll.

  • Do the math 999calculator.

  • @ace8842 Save money elsewhere? So if you make 22K a yr & have a wife and kid, you most likely won't pay federal income taxes. So now you will not only pay 9% income tax (which you didn't pay before) you will also now pay 9% sales tax on the already 6-9% sales tax on EVERYTHING you buy. So on food, school supplies, medicine the guy making only 22K a yr will now pay b/w 15-18% in sales taxes on those goods. And that's a good thing? It's a plan for the rich & screws middle and lower workn class

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