9-9-9

[Scataphagos]

Quote from Random.Capital:

Why? The policies set in motion by Reagan's fiscal illiteracy are a major contributor to the current mess.

Not many people either recognize that or are willing to say it.

 

[athlonmank8]

Quote from atticus:

999 is as retarded as the thread starter. It will obliterate consumption. Sure, you'll have a 10-15% personal savings rate but at the expense of a -10% YoY GDP the first year.

lol

 

[oldtime]

Quote from hayman:

What I fail to hear any of these "pro-growth" strategies offer, is to ONLY provide Corp Tax cuts, if Corps create jobs in the U.S. In other words, create an American job, get a tax credit. Don't create a job in the U.S., no tax credit given. I don't hear anyone echoing this. To me, all these "pro-growth" strategies being offered, are great for economies outside the U.S., and of course, great for Wall Street.

As an Independent, and trying to be objective about this as possible, I only see these offered "pro-growth" strategies being helpful to Corporations' bottom line; i.e., helping the shareholder only. If jobs are created as a result of these strategies, then that's a bonus, in their eyes. They really don't give a rats ass about creating jobs first -- they want the stock market to continue its ascent, to help line their pockets further. That is the main objective.

Global companies like GE, which does 60 % of its biz overseas, would love a carte-blanche Corporate Tax Cut. That way they can continue to build more factories in Brazil, with their extra savings. Will this effect the bottom line for GE ? Sure will. Will it create more jobs ? Sure will, in Brazil. There may be some ripple-effect back to the U.S. with parts supplies and such, but the bottom line here is GE's stock will surge, and economies outside the U.S. will prosper. Now what if we said, we'll only cut your tax rate proportional to the # of American jobs you create ? You don't create American jobs, you'll continue to pay the prevailing Corp rate. Now doesn't this seem more like a "pro-growth" (that is, a U.S. pro-growth) strategy ?

well, we could eliminate the USD and just start paying everybody in SPY, then we'd all be in this thing together.

 

[Wallet]

Quote from oldtime:

no matter what the tax code I can figure a way around it. I'm pretty sure I could manufacture a brand new used vehicle.

LOL, well that's the problem today, everyone trying to game the system, hence the need for a change to something simple, fair while providing the government with what it "needs' and not the current spending fiasco.

 

[Random.Capital]

Quote from Wallet:

...the current spending fiasco.

The current spending fiasco is what voters have insisted on since at least the late 70s.

Nothing meaningful is going to change until voters change, or the country simply goes broke.

 

[oldtime]

Quote from Wallet:

LOL, well that's the problem today, everyone trying to game the system, hence the need for a change to something simple, fair while providing the government with what it "needs' and not the current spending fiasco.

as much as I hate the regessiveness of the sales tax, I might be pursuaded to go for it if that was the only federal tax. Although I hate the idea of turning the poor guy who runs the bait shop down by the lake into an IRS collection agent. And I would go along with you just for simplicities sake. I'm a simple man and simple is always better, but that is not what Cain is talking about, it's a sales tax on top of an income tax on top of a corporate tax.

I don't know what the federal gas tax rate is, but each state adds on it's own gas tax and now you are talking about another 9% on top of that. Man, that makes it hard for the poor guy just to buy enough gas to get to work. At least now he can live on his credit card until the end of the year when the IRS finally gives him back the money they have taken from him that they decided he didn't owe because he was too poor. But I don't hear Cain talking about any exemption like we have now, so that means he pays and never sees it again. And it's not going to even make a difference to the federal budget, but it's really going to hurt him.

And in many cases all the poor guy needs is just to be able to put away $25 a month more than he spends to slowly bring himself out of a paycheck to paycheck existence. Now he can buy the big size when it's on sale. Maybe he can start up an IRA. Maybe he can hunt around for something he can buy and resell at a higher price.

That's why I am against making the poor contribute while they are still poor. An investment in them may pay off in increased revenue on down the road.

 

[ajcrshr]

I believe the majority of Americans have finally realized that the problems in our country must be addressed.
They won't fall for the typical demagoguery and vote for the only candidate that has been right about the economy for decades.
Ron Paul will win.

 

[oldtime]

Quote from Random.Capital:

The current spending fiasco is what voters have insisted on since at least the late 70s.

Nothing meaningful is going to change until voters change, or the country simply goes broke.

you could have just said until the country goes broke

 

[athlonmank8]

Quote from Zr1Trader:

Herman Cain served on the Federal Reserve of Kansas City, Cain served on its board, Cain became chairman of the Kansas City Fed

No thanks.

I want a president who will end corruption in this country and Ron Paul is the only one who is willing to take the steps to do that. Unfortunately, I don't think Ron Paul has a snowballs chance in hell to win.

Couldn't agree more.

I thought Ron Paul's ideas were too growth restrictive.

He looks like a saint in this one, especially compared to the incompetent mess we have on both sides.

 

[BSAM]

Quote from oldtime:

how is Cains plan going to eliminate the IRS as we know it? They still have to deal with the 9% income tax just like they always do. Changing a rate and eliminating deductions will not eliminate the IRS or even change it.

Simplicity in filing.
(Speee---Open your mind, Oldie.)