9-9-9

now now now, the main point I was making is that a consumption tax is the most regressive tax we have yet devised.

I like it because it's simple for the consumer but slightly more complicated for the retailer and it collects revenue that otherwise may not be reported. But when it starts collecting revenue from the poor then I must be against it. It would have to be accompanied with a massive increase in food stamps and now we would need gas stamps unless those commodities are exempt.

And if we are going to start exempting things why wouldn't the bribers from Johnson&Johnson make a case for personal hygene products? How's a guy going to get a job if he can't afford to be deodorized?

Otherwise, I am kind of a Keynesian guy. High taxes and cuts in spending when times are good, and low taxes and increased spending when times is hard.
 
Quote from fframe38:

I don't see anyone else out there even close to what we need except for Cain and Ron Paul in the financial area. Paul is a lunatic concerning foreign policy, though. That is his main downfall.
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This is so predictable it's a laugh. The fact is that Ron Paul's foreign policy views ARE CONSISTENT with his economic views, and he's probably the only candidate this can be said about. A quote from the author of "Confessions of an Economic Hitman" John Perkins will explain it better than I ever could:

"I arranged huge loans for countries that had resources that corporations coveted from places like the World Bank and the private banking industry. Money never actually went to those countries, it went instead to our own corporations to build big infrastructure projects in those countries like power plants and industrial parks. It benefited a few wealthy people in those countries, as well as our own corporations. But it didn't help the majority of the people, too poor to buy electricity, couldn't get jobs in industrial parks because they don't hire many people. And yet they, the people of the country were left holding a huge debt they couldn't repay. So we go back at some point and say, since you can't pay your debts, sell your oil to our oil companies real cheap. Or your mineral resources, whatever. Open your markets to us. Let us build a military base on your soil. Vote with us in the next critical United Nations vote. And in the few cases where these leaders didn't go along with what we wanted them to, what we call the jackals went in. These are people that assassinate or overthrow governments..."

<iframe width="560" height="315" src="http://www.youtube.com/embed/RbMgIOMgkWE" frameborder="0" allowfullscreen></iframe>

A glaring example of this going on right now is the unforgivable situation that the U.N. has created in Libya. Ron Paul's foreign policy views are based on preventing this insidious plundering and empire building. There's nothing kooky about it.
 
no kidding, that was the first thing I thought of when I read his post. What current foreign policy do we now have that is worth preserving? Does anyone one honestly believe we would have killed all those people in Iraq if it wasn't for Halliburton? Well I don't want to step on this guys sacred thread, but, I'm not allowed to vote in the primaries in Indiana because I am an independent, and I won't vote in 2012, but if Ron Paul got the nomination I would get off my butt and go vote. He might not make a difference, but it would be a start in the right direction.
 
I saw that documentary by the way. He had to work his way through about fifteen minutes of interruptions and boos just to apologize. Before he could hardly open his mouth they started shouting, "we don't need a white American to tell us what to do"
 
Quote from brokerboy:

the whole idea is silly because someone running for president isn't middle class. you would kill the middle class with this idea because in NJ you would pay 16% sale tax. when sitting in a room with rich people 999 sounds genus.
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There are states with higher sales tax rates than NJ. In Tennessee the sales tax rate is from 9.25% up to 9.75%. This would make the poor and middle class paying at least 27.25% tax under the Cain plan.
:eek:
 
I say lets let the "experts" study the 9-9-9 plan and let them come back with an analysis. Lets not let the Obama experts study the plan as they have already done enough damage to the economy.
 
Quote from chartman:

There are states with higher sales tax rates than NJ. In Tennessee the sales tax rate is from 9.25% up to 9.75%. This would make the poor and middle class paying at least 27.25% tax under the Cain plan.
:eek:
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and it wouldn't even make a dent in the national debt, but it would really hurt the guy living paycheck to paycheck when he takes a 9% paycut thanks to a national sales tax. Although to be fair, he would no longer be paying the payroll tax. I'm not sure what the payroll tax is, I thought it was 6.5% but maybe that is just ss. Add medicare to that and maybe it's 15% so that is a net gain of 6 % with the added incentive that you can avoid by buying used.
 
Quote from bigarrow:

Discussing Cain's 999 is a pissing contest. It will NEVER be, republicans don't want it, democrats don't want it and independents don't want it.
You want a better tax code then call your congressman and stay on his ass. There are probably thousands of lines of tax code both sides could agree on to improve the system and folks that's the only choice we have right now. But that would take compromise and HARD work so never mind.
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rep just running another lame one so they have no chance of winning,when they got scared last election, they threw in sarah palin for insurance, they would like to keep the ball in the dems court until this shitstorm blows over..there are thousands of line s of tax code they need to eliminate..they need to simplify everything ,make it more transparent,keeping us in the dark just makes it easier to steal
 
so lets see, the little guy making min wage pays no fed taxes, but now he pays 9 in sales and 9 in income but no longer pays 15 in payroll, so that is a 3% increase for the poor. so thats a pay cut from 7.2 to 6.98/hr. Not a step in the right direction but not devestating. An increase in the food stamp allowance could cover it.

Keep in mind, this all goes back to my basic belief that only the rich should pay taxes. And I define the rich as those who are making more than the other half.

So right now, 47% pay no fed income taxes, and I think that should be 50%.

And I've been on both sides. I had one year with 3 losing quarters in a row, which is classically defined as a depression. (and I was on probation at the time so I couldn't even smoke pot.)
 
Quote from chaosclarity:

I say lets let the "experts" study the 9-9-9 plan and let them come back with an analysis. Lets not let the Obama experts study the plan as they have already done enough damage to the economy.
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god, you sound like a damn democrat. terrified of freedom of information. like you're trying to convince people who are so weak that they will be swayed by any contradicting idea.

OK, we won't say anything more bad about 999 until we get the official version from the Cain campaign. Then is it ok if we think for ourselves?

Why did you even start this stupid thread if you only wanted people who agree with what apparently even you don't know to post on it?
 
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