Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Consider the source. CNN, as a bastion for liberal freaks, has a vested interest in keeping a progressive tax structure and make it even more progressive. if possible.
This is one of the biggest weasel phrases out there, and I almost immediate block anybody out who uses it. It basically ignores that those who "don't have skin in the game" literally don't take part in the game at all - they own none of the national wealth.
9-9-9 plan is untenable - won't work. And a 9% national sales tax would bring total sales taxes up to 15% or more in some states. Add that to income tax, and we're already talking 24%+. Extremely regressive, and it would hit the people who can afford it the least. What the cons don't seem to understand very well is that the poor spend virtually all the money they receive - pump it right back into the economy. If you tax their income at a higher level, they're going to have less money to pump into the economy.
But sure, let's transfer more wealth upwards. It's working out great.
You miss the part where this plan would lower business costs, which would lower prices to the consumer. This plan would lower costs for a lot of things. You are looking at it as if it would exist in a vacuum, and everything we see to today would remain unchanged.
considering that the CNN didn't state it was unfair (some people in they interviewed did), you're kinda attacking hte messenger without reading what the article actually says, based on the poor reading comprehension of a drama queen.
You miss the part where this plan would lower business costs, which would lower prices to the consumer. This plan would lower costs for a lot of things. You are looking at it as if it would exist in a vacuum, and everything we see to today would remain unchanged.
and how pray tell can you guarantee that the business will lower costs? There is nothing in the plan that says they have to. They can keep the prices as is, and pocket the money. And other businesses will not lower prices if others do not.
People can get "used to" anything really. I mean, if this 9-9-9 goes through, I guess the rest of us can eventually get used to living on a lot less, since purchasing products will have more of an impact on middle and poorer than the more wealthy. With consumers not being able to afford to purchase as much, consumption goes down, business have less demand, they are forced to cut back and cut jobs and hire less, which leads to more people out of work with NO income, purchasing less, and on and on. This, while the wealthy are sitting back, feeling they got a sweet deal. It's kinda like what we have now, really.
I think many overlook the fact that the 9 percent sales tax in his plan only taxes purchases of new products, not used goods or services. I don't believe that that it would tax food either. So if a person is poor, food prices don't go up and they can still buy used goods. The tax would also force people with low incomes to make smarter purchases. Also, the costs of many new goods would go down as this tax would remove a huge tax burden on many companies, with that savings being passed on to the consumer. After all, companies still need to sell products to make a profit, so they'll adjust their prices accordingly.
The 999 is the Europeanization of our tax code in disguise. You people have gotta stop kissing Cain's ass already. I know Perry lost it, but that doesn't mean you can jump on Fox's new obsession without some critical thinking first
The current system is corrupt, the rich pay next to nothing with all the tax loopholes they can buy from the politicians, you need to stop being a shill for the rich.
The current system is corrupt, the rich pay next to nothing with all the tax loopholes they can buy from the politicians, you need to stop being a shill for the rich.
and Herman Cain's plan will do nothing to the rich. Its pocket change to them. They are paying a lower rate against their income (earnings). It only hurts the poor and middle class.
and how pray tell can you guarantee that the business will lower costs? There is nothing in the plan that says they have to. They can keep the prices as is, and pocket the money. And other businesses will not lower prices if others do not.
I think many overlook the fact that the 9 percent sales tax in his plan only taxes purchases of new products, not used goods or services. I don't believe that that it would tax food either. So if a person is poor, food prices don't go up and they can still buy used goods. The tax would also force people with low incomes to make smarter purchases. Also, the costs of many new goods would go down as this tax would remove a huge tax burden on many companies, with that savings being passed on to the consumer. After all, companies still need to sell products to make a profit, so they'll adjust their prices accordingly.
There is nothing that would indicate that companies would lower the prices of the "new" goods they sell. With all the corporate tax breaks big companies have enjoyed, I haven't seen the prices fluctuate accordingly.
I don't see a lot of rich people buying cheap cars. They purchase higher priced models which in turn generate higher sales taxes.
Didn't Sam Walton drive some old pick-up? "Rich" people may buy a Bentley and keep it for 30 years, too.
Quote:
Originally Posted by Supachai
I think many overlook the fact that the 9 percent sales tax in his plan only taxes purchases of new products, not used goods or services. I don't believe that that it would tax food either. So if a person is poor, food prices don't go up and they can still buy used goods. The tax would also force people with low incomes to make smarter purchases. Also, the costs of many new goods would go down as this tax would remove a huge tax burden on many companies, with that savings being passed on to the consumer. After all, companies still need to sell products to make a profit, so they'll adjust their prices accordingly.
Are you sure about the red? So used cars, items bought at thrift shops, etc would be exempt? Got a link?
Re: the black bold, "you don't believe". Meaning you don't know. There is a lot about this plan we don't know, unfortunately.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
