3 votes

Herman Cain's "999 Plan": The Good, the Bad, and the Ugly

But adding a national retail sales tax on top of the federal income tax (even a flat tax) is a bad idea, because it creates the infrastructure for a federal-level, European-style VAT.

And if Cain's 9% personal flat tax failed to remain flat (as happened with Ronald Reagan's promising but ultimately failed 1986 tax reform), we would end up with the worst of both worlds: a confiscatory income tax and a job-crushing VAT.

Paradoxically, then, if you want higher taxes and permanently bigger government, one way to get there would be to support Herman Cain's 999 plan!

Two rousing cheers, for boldness and imagination. And one bronx cheer, for a dangerous lack of foresight.

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.



To start putting this into law, it say he's going to call on the UNCONSTITUTIONAL Super Congress to bring this to law. Just for that that I can't vote for him.

Even though people like Peter Schiff say it's better to tax consumption over an income tax. With the Fed printing money and the potential for high inflation, as price rises and wages stagnate, the money taxed will increase...

But I say for an expert analysis, we should present his plan to Peter Schiff or Ron.

Cainunism [keyn - yuh - niz - uhm]

Cainunism [keyn - yuh - niz - uhm] – noun

1. A theory or system of economic organization based on a wildly optimistic regard for the fiscal discipline of Congress and the President. Adherence to this theory typically requires the suspension of disbelief concerning the ability of increasing the government’s power to tax, without substantive spending cuts, to actually reduce burdens on taxpayers and to produce economic recovery.

2. The intentional use by politicians of resonant slogans which obfuscate and distract some voters from the otherwise conspicuous absence of thoughtful, realistic or realizable fiscal or monetary plans and policies.

Cainunist [keyn - yuh - nist] - adjective

1. Of, characterized by, favoring or relating to Cainunism; Cainunistic

In a sentence: “Imagining that a ‘9 - 9 - 9’ percent tax ‘plan’ would not soon be 9.9 - 9.9 - 9.9, then 19 - 19 - 19, and so on, is just more magical Cainunist thinking.”

Origin of Cainunism: term used by informed voters to describe the economic-sounding slogans that originated from the 2012 vanity presidential campaign of Herman Cain (1945 – )

Synonyms for Cainunism: 1. Prevarication, 2. Deception, 2. Cozen, 3. Hucksterism, 4. Hoodwink, 5. Sales Pitch, 6. Razzle Dazzle

Antonyms for Cainunism: 1. Common Sense, 2. Objective Reality, 3. Free Market, 4. Tax Reduction, 5. Economic Liberty, 6. Less Government, 7. Constitutionalism

Paul ante portas.

This is the perfect article

to send to Teacons that now think Herman Cain is their man because it actually comes from Freedomworks, a name they trust.

Debbie's picture

Virtually ALL of the commenters, except ONE who promoted Ron

Paul's economic policies, disagreed with this article and thought the author misunderstood the 9-9-9 plan, or had some other agenda. They are completely missing the point that even if this plan is good for our economy, so much of our $ is going overseas for our empire, that we would still be broke, because there's nothing in his plan about stopping the Fed from printing or stopping the war spending, which he actually wants to increase.