Quote from Scataphagos:
Yes, might be some of that. But after a year or two, consumption would no longer be "put off" and would return to normal.
Cain's proposal is the BEST I've heard.. .and the only one "in the right direction".
Quote from atticus:
No, the best you've heard came from Hunstman; which is a re-work of Forbes plan. 999 would be 20-9-9 within a decade. You can't put a number on it like that and expect it to stick.
It would NEVER achieve revenue-neutrality.
Quote from Scataphagos:
Folks would figure out that any tax imposed would be on "net", not "gross"... any idiot could see that. (Not inferring you're an idiot, Don... I've got a lot of respect for your opinions.)
Quote from Don Bright:
I understand, but so many bureaucrats simply don't understand.. and, as I said, it went to the legislature here in Nevada (pretty scary, eh?).
Don
Quote from Scataphagos:
Your should stop posting. Your statement is ignorant.... but not putting you "on ignore" just yet.. giving you another chance.
Quote from WS_MJH:
Lulz. Look, I'm not going to get into a war on this. We're not changing either opinion. I think we're both for the same goal; the lowest amount of taxation as possible. I want to win. Cain is already ten points behind PBHO and after the media tars and feathers him, he'll be unelectable like Sharron Angle. I'm not in love with Romney, but he can win (it'll still be very tough) and this nation cannot afford four more years of Obambi.
EDIT: BTW those taxes are on the gross, not on the net.
http://en.wikipedia.org/wiki/Gross_receipts_tax
Quote from WS_MJH:
I know many people like Cain, but he's unfit for president. He was the CEO of a small pizza chain. I live in a major metro area, and there's probably five or so around. Plus, a nine percent sales tax will hurt consumer spending. The whole plan is dumb and he's shown himself to be ignorant on many areas: foreign policy the biggest red flag.
Quote from Scataphagos:
"Revenue neutrality"... is THAT our objective? Not in my book.
What America NEEDS.... that which would attract foreign companies to do their business on American soil.
1. Low "enough" corporate taxes
2. Low enough personal taxes... and the only way we get that is to broaden the tax base as much as possible. That 47% of the US populace pays ZERO income tax is not only immoral, it's an abomination!!
Quote from DHOHHI:
Go back to the 80's. I saw Cain speak at a professional conference -- dynamic speaker. At the time he was a VP at Pillsbury and asked to turn around Burger King. He got down and dirty -- flipping burgers, working the drive through window, etc. He got to know the nuts and bolts.
So before you go dismissing him as just a CEO of a small pizza chain do some research. Here's a bit of help for you:
At age 36, Cain was assigned in the 1980s first to analyze and ultimately to take the reins of Burger King, where he managed 400 stores in the Philadelphia area. At the time, Burger King was a Pillsbury subsidiary. Under Cain's leadership, his region went in three years from the least profitable for Burger King to the most profitable.
Take that business experience and compare it with any other candidate. He understands business.