Author Topic: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward  (Read 3206 times)


240 is Back

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #1 on: October 12, 2011, 12:07:02 PM »
b b b b b b  but...........


ah, shit/.

Straw Man

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Skip8282

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #3 on: October 12, 2011, 03:02:30 PM »
Well, if a liberal blogger said it - it must be true.  ::)

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #4 on: October 12, 2011, 04:13:10 PM »
ah shit i got banned from DU today.  registered 3 hours.  they didn't enjoy my provacative questioning technique.  :(

whork25

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #5 on: October 13, 2011, 12:56:51 AM »
Well, if a liberal blogger said it - it must be true.  ::)

Are you saying it a lie?

Mr. Magoo

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #6 on: October 13, 2011, 01:43:38 AM »
Well, if a liberal blogger said it - it must be true.  ::)

ad hominem

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #7 on: October 13, 2011, 02:09:41 AM »
ah shit i got banned from DU today.  registered 3 hours.  they didn't enjoy my provacative questioning technique.  :(
link?

tonymctones

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #8 on: October 13, 2011, 04:03:14 AM »
would anybody like to take a chance and explain this bloggers line of thinking?

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #9 on: October 13, 2011, 04:44:59 AM »
9 percent sales tax on everything?  That is on top of state sales tax?  I can see how this national sales tax might quickly add up to the poor and middle class paying way more than they did before. This on top of 9% flat tax.

read this:
http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/

Not an expert on this, but once models start popping up on this, it looks kinda like it has the potential to bury him as a viable candidate.

Freeborn126

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #10 on: October 13, 2011, 05:43:33 AM »
It is definitely going to hurt the poor more than they are now.  They will have to pay that extra 9% for a pack of cigarettes and a big mac.  The already don't pay any income tax being in the bottom half so all this does is add a 9% tax on the little guy.
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Soul Crusher

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #11 on: October 13, 2011, 06:22:44 AM »
9 percent sales tax on everything?  That is on top of state sales tax?  I can see how this national sales tax might quickly add up to the poor and middle class paying way more than they did before. This on top of 9% flat tax.

read this:
http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/

Not an expert on this, but once models start popping up on this, it looks kinda like it has the potential to bury him as a viable candidate.



Again - not that I favor his plan - but its getting wildly distorted.   He is also doing away with FICa taxes, which currently are 15% 

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #12 on: October 13, 2011, 11:06:18 AM »


Again - not that I favor his plan - but its getting wildly distorted.   He is also doing away with FICa taxes, which currently are 15% 
if you read that article I posted the link to, it's not getting distorted, it's just that Cain has not given many of the details yet which they admit.  So it's an attempt to evaluate what's been given so far.  Tony asked if someone could give it a shot explaining.  I'm not an expert on this shit, but with what's given so far, I can see where it might work out to the poor and middle class paying more and the top paying less than they are now.

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #13 on: October 13, 2011, 11:08:45 AM »
another thing, I bet corporations are not going to like the idea of a 9% national sales tax on everything on top of state sales tax.  They'll see sales drop across the board pretty dang fast imo...

Soul Crusher

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #14 on: October 13, 2011, 11:09:20 AM »
If we want to keep the current level of govt - everyone is going to have to pay more.  

We have a 1.5 trillion deficit every year - guess how you close that?  

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #15 on: October 13, 2011, 11:13:32 AM »
If we want to keep the current level of govt - everyone is going to have to pay more.  

We have a 1.5 trillion deficit every year - guess how you close that?  
I'm not agruing against Cain's plan quite yet.  Just trying to get a picture of what it would do based on what's been released so far...

Also, we should not keep the current level of government.  That shit needs chopped in half or less.

Soul Crusher

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #16 on: October 13, 2011, 11:16:28 AM »
I'm not agruing against Cain's plan quite yet.  Just trying to get a picture of what it would do based on what's been released so far...

Also, we should not keep the current level of government.  That shit needs chopped in half or less.

I dont like the idea of a sales tax AND income tax. 

Personally - I favor a national sales tax and thats it.   


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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #17 on: October 13, 2011, 11:52:17 AM »
another thing, I bet corporations are not going to like the idea of a 9% national sales tax on everything on top of state sales tax.  They'll see sales drop across the board pretty dang fast imo...

YES!!!!!!!!!!!!!!!

THIS is what I keep saying.  You tax the poor/middle more, whether it's in the form of higher income taxes, or big sales taxes -
THey will SPEND LESS.

Theyr'e already spending everything they get.  Watch walmart sales drop 15 or 25%, and you'll suddenly see what a recession feels like.  Don't worry tho, I'm sure the wealthy will spend that $ at walmart...

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #18 on: October 13, 2011, 11:53:09 AM »
I dont like the idea of a sales tax AND income tax. 

Personally - I favor a national sales tax and thats it.   


That might work better than Cain's idea.  Cut the stupid out of government and JUST have a national sales tax.  Cain's idea on the front looks like it could put extra on an already hurting population.

Skip8282

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #19 on: October 13, 2011, 02:43:56 PM »
WTF?

Now the whork25 gimmick has a whork gimmick in addition to all his other gimmicks.

haha

Skip8282

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #20 on: October 13, 2011, 02:45:50 PM »
ad hominem


Uh-no retard, it's not.  Dayen refers to himself as a liberal and he is a blogger.

You are and continue to be a dumbfuck.  << now that's ad-hom retard.

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #21 on: October 13, 2011, 03:01:06 PM »
Romney's got 999 problems, but Cain ain't one.

Bindare_Dundat

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #22 on: October 13, 2011, 03:27:13 PM »
" I could be walking through the airport going through security and a  TSA agent will say, "Hello Mr. Cain,  9-9-9""


lol Well in that case.....



tonymctones

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #23 on: October 13, 2011, 03:44:59 PM »
9 percent sales tax on everything?  That is on top of state sales tax?  I can see how this national sales tax might quickly add up to the poor and middle class paying way more than they did before. This on top of 9% flat tax.

read this:
http://economix.blogs.nytimes.com/2011/10/11/inside-the-cain-tax-plan/

Not an expert on this, but once models start popping up on this, it looks kinda like it has the potential to bury him as a viable candidate.
agreed
It is definitely going to hurt the poor more than they are now.  They will have to pay that extra 9% for a pack of cigarettes and a big mac.  The already don't pay any income tax being in the bottom half so all this does is add a 9% tax on the little guy.
agreed

maybe you guys havent been paying attention...that is part of what is going to have to happen to get us out of debt. Not this plan but actually having the 50% that dont pay shit in income tax to pay some more in the form of taxes.

Hugo Chavez

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Re: Cain’s 9-9-9 Plan Would Massively Redistribute Wealth Upward
« Reply #24 on: October 13, 2011, 03:54:08 PM »
agreedagreed

maybe you guys havent been paying attention...that is part of what is going to have to happen to get us out of debt. Not this plan but actually having the 50% that dont pay shit in income tax to pay some more in the form of taxes.
actually no... cut the stupid and uncontitutional out of government and that's not what has to happen.  Only one person running will go down that road for sure.... Ron Paul...........

and yes, I have been paying attention lol...