Herman Cain has been getting a lot of mileage about his ‘simple’ 9-9-9 tax plan. Jared Bernstein says that it will result in a big tax increase on the middle class and a huge tax cut for the very wealthy. I have seen similar conclusions reached by other analysts.
While this is a goal of the oligarchy, they would like to achieve their goal in more subtle ways. The very transparency of Cain’s scheme is likely to be the thing that pricks his bubble and sends him back into the ranks of the stragglers for the Republican nomination.
Shalom Mano,
I love how the 1 percent begin to sputter when you say that you agree with their proposal as long as their flat/sales tax will be applied to ALL sources of income/purchases including ALL financial instruments and capital gains.
B’shalom,
Jeff
There is no viable alternative, taxes on the rich must increase. The middle cannot bear the squeeze much longer.
You seem to be missing the point of this. A 9% tax on income and capital gains is very slight when compared to any other developed economy across the world and would be a huge gain for the rich and in effect a tax cut.
In times of spiralling national debt and increased government spending the last thing the country needs is a ludicrous tax regime such as this one. Well thought through, I have to say far from it!
I really like Herman Cain. It is unfortunate that these women can come out of the woodwork and level these accusations against him. No matter what party you are affilaited with no one deserves to be falsly accused. I don’t know if he did it or not but it seems very strange.
A better idea would be taking more state lottery money in place of hard-working families’ income.