Grab Your Shovel And Spread The WealthE

 

1. Great idea! ....well unless you mind $40 Big Macs, $20/gallon milk, etc.
   Love it when Marxist who know nothing about the real world get ideas…

   Posted by TimO       10/15/2011  at  09:18 AM  



2. You expect this crap from anyone named Jesse Jackson.  The scary part is the number of Marxist bozo’s in congress that agree with this inconsequential dufus!

   Posted by Len - KC       10/15/2011  at  11:31 AM  



3. And they laugh and mock Cain’s 9-9-9 plan? At least it has some rational thought and a tad of viability - although giving the crapweasels in DC another revenue stream is never a good thing.

   I pray for President Obama every morning - Psalm 109:8 - Let his days in office be few. Let another take his place.

   Can’t come soon enough.

   Posted by wardmama4       10/15/2011  at  04:18 PM  



4. I’m a bit bemused by the talking heads who pick apart Cain’s 9-9-9 plan by saying “oh sure, it works now, but what happens when the gov raises the rates?”. That reminds me too much of the people who were against the Atkins Diet plan a few years ago because folks started gaining the lost weight back when they went off the diet. Like, huh????

   Give the feds one revenue stream and take several others away. That’s the heart of the plan. It cuts the corporate tax rate from 35% down to 9%, taking the USA from one of the nations with the highest business tax rates to one of the lowest, which should cause jobs to return to the US. 9% income tax rate across the boards would be a more fair definition of “fair”; everybody pays the same rate, nobody rides for free (although I think there is some minimum salary base point or base ramp so that the poorest continue to pay nothing and then things ramp up to soften the bite a bit on the lower earners). It would put tens of thousands of IRS employees and tax accountants out of business, which I see as a good thing. And the 9% sales tax only hits up those who actually spend their money. Keep it invested and it doesn’t cost you anything. His theory is that the huge drop in business taxes will allow companies to drop their prices significantly and keep the same net profit margins, while the sales tax on the consumer end will keep the final price about the same. It’s really just a combination/modification of the Flat Tax/Use Tax ideas that were floated around last election time.

   The caveat to the 9-9-9 plan OUGHT to that food, clothing, and a few other things would be tax free. I’d put gasoline and home heating/cooling energy on that short list, and be willing to trade back “clothing under a certain price point” so that the rich ladies buying mink coats and the ghetto bunnies buying $800 sneakers would have to pay tax on them. I admit that I don’t know the fine details of the 9-9-9 plan, or even if those exist yet or are written in stone. But our tax code is insanely complex, we tax businesses to death, and nearly half the country isn’t paying anything into the federal pie at this point. Something has to be done to stop the stupid, and Cain seems to be the only guy who has a real plan and is willing to talk about it. We’re STILL waiting for John Kerry’s plan you know.

   Pass the 9-9-9 into tax law with a rider that says the rates can’t be changed for 15 years, and do a backbone transplant on Congress so that they reign in spending to LESS than the anticipated revenue stream. No more borrowing money from China or anybody else IMHO. But we’ll see. The Tea Party people are right; drastic spending reduction needs to be done. The fed gov has to stop playing Santa all the time.

   Posted by Drew458       10/16/2011  at  03:35 PM  



5. I am also a bit fearful that companies won’t drop their prices. When the airline ticket tax expired a couple months back, almost every airline didn’t change their prices a cent, and just pocketed the extra cash. That could be the case with businesses too, but all it would take would be 1 company to break the ice, and then the rest would be forced to follow suit. With hundreds of thousands of companies out there trying to sell stuff, it’s pretty much a guarantee that one of them would do it. They’d corner their market if the others didn’t play along, and the bottom line would be that the companies would still have the same bottom line.

   Posted by Drew458       10/16/2011  at  03:45 PM  

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