Thursday, October 6, 2011

A tax on Food? Cain's 9-9-9 tax plan ignores poor and jobless.

The Wall Street Journal uncovered, to their credit, the incredible weakness in Herman Cain's 9-9-9 plan.

Although the media still hasn't asked Cain how his plan saves taxpayers money when they still have to pay into a privatized Social Security and Medicare plan, he was asked how a 9 percent consumption tax would effect the jobless. Cain's response:
"If they're not working they have a bigger problem than paying the tax on the national sales tax."

Tax on a tax? Cain's misstatement aside, he chooses to ignore the biggest flaw in his plan. Get a job and be rich seems to be his never-ending message in the new job trimmed economy:

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