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The guy's an idiot. Just the fact that he suggested bills be no longer than 3 pages, so the American people can read and understand them made me cringe. Not to mention he's a republican.
The current president is a Democrat. We all know how that's working out!
I'm still trying to figure out his 9-9-9 plan. It looks like zero capital gains tax and 9% flat tax on regular income. So Daddy Warbucks would seem to make out like a bandit with this. Time to break out the champagne.
Average Joe gets the same flat tax, but if he does not have capital gains, he gets no benefit from the elimination of that tax. And everyone pays the 9% national sales tax, plus what ever your state/local sales tax is. So here in Florida where I live, Joe would pay a 16% tax on that new refrigerator that he needs. The wealthy might not mind that sales tax, but the average person might not be a fan of that.
I understand that no one loves paying taxes. The thought of no capital gains on my stock trading does give me an immediate rush. But to be honest, 15% that I pay on long term capital gains doesn't seem excessive to me.
In my opinion (for what its worth), when it comes to the 9-9-9 plan, "That dog won't hunt".
Is he too far right? Is he too connected? Is he too Christian? Is he good for America? Does he have a prayer? Does it matter?
He's certainly able to soak the poor while telling us with a straight face his plan is fair.
He's pulling the wool over everyone else's eyes and doing so disingenuously by misleading us on something he knows is wrong. (So far, as far as I can tell, nobody else has figured this out.)
He's certainly able to soak the poor while telling us with a straight face his plan is fair.
He's pulling the wool over everyone else's eyes and doing so disingenuously by misleading us on something he knows is wrong. (So far, as far as I can tell, nobody else has figured this out.)
Because Cain knows marketing. It relies on simple messages that make people form the impression you want them to, and give you their money - without reading the fine print.
It's like saying "Call now and we'll give you a kick in the head, absolutely free! If you aren't totally satisfied, we'll return double your money!" You can expect that some people will react, "sounds like a great deal!"
He's certainly able to soak the poor while telling us with a straight face his plan is fair.
He's pulling the wool over everyone else's eyes and doing so disingenuously by misleading us on something he knows is wrong. (So far, as far as I can tell, nobody else has figured this out.)
I'm still trying to figure out his 9-9-9 plan. It looks like zero capital gains tax and 9% flat tax on regular income. So Daddy Warbucks would seem to make out like a bandit with this. Time to break out the champagne.
Average Joe gets the same flat tax, but if he does not have capital gains, he gets no benefit from the elimination of that tax. And everyone pays the 9% national sales tax, plus what ever your state/local sales tax is. So here in Florida where I live, Joe would pay a 16% tax on that new refrigerator that he needs. The wealthy might not mind that sales tax, but the average person might not be a fan of that.
I understand that no one loves paying taxes. The thought of no capital gains on my stock trading does give me an immediate rush. But to be honest, 15% that I pay on long term capital gains doesn't seem excessive to me.
In my opinion (for what its worth), when it comes to the 9-9-9 plan, "That dog won't hunt".
Personally, I think his tax plan would be a mainstreet job destroyer. I'd pay less in personal taxes because of the cut in capital gains and income tax, but most of my customers would face a pretty hefty increase. If my business is down because of their increased tax burden, it doesn't matter how much I'm paying in taxes--I'm going to dump staff. I don't hire based on how much I'm paying in taxes--I hire and reinvest based on demand. As far as my personal income, I'm concerned the loss in sales would offset any type of tax break I'd get. The only people who make out well under his plan are people who make most of their income from investments.
Chuck Todd on Daily Rundown, just interviewed Cain. Exposed him for his complete lack of knowledge of the US Economy. Hope they have a video of that available sometime.
Chuck Todd on Daily Rundown, just interviewed Cain. Exposed him for his complete lack of knowledge of the US Economy. Hope they have a video of that available sometime.
Me too, I'd like to judge for myself.
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