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What if Obama (like he could) Came up with the 999 Plan?

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posted on Oct, 18 2011 @ 11:00 PM
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Actually Herman Cain's Plan Does Raise Taxes!!!!

I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???

Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.



posted on Oct, 18 2011 @ 11:04 PM
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I don't care who came up with something.
If it stinks, it might just be a skunk.



posted on Oct, 18 2011 @ 11:05 PM
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Originally posted by jjf3rd77
Actually Herman Cain's Plan Does Raise Taxes!!!!

I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???

Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.


please look up the phrase "regressive taxes"....geez, you people need to do some reading, and BONUS FOR YOU!!!....it's explained in easy to understand sentences.



posted on Oct, 18 2011 @ 11:23 PM
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Originally posted by jimmyx

Originally posted by jjf3rd77
Actually Herman Cain's Plan Does Raise Taxes!!!!

I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???

Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.


please look up the phrase "regressive taxes"....geez, you people need to do some reading, and BONUS FOR YOU!!!....it's explained in easy to understand sentences.


That doesn't answer my question at all. Regressive taxes are already in place Cain wants to get rid of the horrific mess the tax code is in right now, start over with 999. That wouldn't make things easier to manage?



posted on Oct, 18 2011 @ 11:23 PM
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If it were Obama's plan it would still be a bad plan. This plan is a terrible plan form the ground up for a variety of reasons. This plan would turn the country into Republican dream land, with most people poor and destitute. Since the sales tax as Cain puts it would only be on new products you would gut what little manufacturing is left. As people start hitting the local garage sales to avoid paying the tax, it will drive the price of used appliances and cars up. It will drive people to buy food products produced the cheapest ways imaginable, which are often highly processed less nutritious foods driving health costs higher. Couple this with state and local sales tax in some areas this tax won't be 9% but rather 20%.

The income part gives the top a tax break and the bottom a burden they cannot afford. It would remove the payroll tax and replace it with an Income tax. This is not a tax cut it turns out to be a tax increase, because your employer pays half the payroll tax. If you are in the bottom brackets you are going to get shafted with this plan coming and going. It does not matter whose plan this was, it is a bad plan designed to crush the poor.



posted on Oct, 18 2011 @ 11:50 PM
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Originally posted by KeliOnyx
If it were Obama's plan it would still be a bad plan. This plan is a terrible plan form the ground up for a variety of reasons. This plan would turn the country into Republican dream land, with most people poor and destitute. Since the sales tax as Cain puts it would only be on new products you would gut what little manufacturing is left. As people start hitting the local garage sales to avoid paying the tax, it will drive the price of used appliances and cars up. It will drive people to buy food products produced the cheapest ways imaginable, which are often highly processed less nutritious foods driving health costs higher. Couple this with state and local sales tax in some areas this tax won't be 9% but rather 20%.

The income part gives the top a tax break and the bottom a burden they cannot afford. It would remove the payroll tax and replace it with an Income tax. This is not a tax cut it turns out to be a tax increase, because your employer pays half the payroll tax. If you are in the bottom brackets you are going to get shafted with this plan coming and going. It does not matter whose plan this was, it is a bad plan designed to crush the poor.


What part of REPLACE don't you understand? If the entire plan was passed (which I doubt) through congress and the senate. It would restart the economy.

It ENDS nearly all deductions and special interest favors.
It ENDS all payroll taxes.
It ENDS the death tax.
It ELIMINATES the double taxation of dividends.
It ELIMINATES the taxation of capital gains and repatriated profits.
It allows immediate expensing of business investments.
It shifts the burden of taxation from production to consumption.
It increases capital formation, which will fuel productivity and wage growth.
USED goods would be tax free. Not taxed more

As businesses grow under his plan, the cost of making and producing goods would decrease and therefore companies would be allowed to drop their prices so we could afford to buy them!

9% on all income tax is pretty simple. The very poor don't make enough money to qualify to pay income tax anyway so it's not like they are going to be affected by it. It is unclear what he will do about SS and Medicare but he's an economics guy and he could easily fix those programs as well.

Before you can talk about giving away more money, you have to fix the system. That's what his plan is about.



posted on Oct, 18 2011 @ 11:53 PM
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reply to post by jjf3rd77
 


No I want no income taxes TYVM almost 100 years of this BS TYVM!
But if we could have a flat tax 6-7% is a little better then the 9 and equal with a lot of state taxes.
And no deductions for ANYONE!



posted on Oct, 18 2011 @ 11:56 PM
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Originally posted by jjf3rd77
Actually Herman Cain's Plan Does Raise Taxes!!!!

I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???

Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.


Because the poor would be paying more and the rich would be paying less. If Obama (or any other cookie-cutter democrat) came up with this plan, it would be a 9 - 9 plan and only include corporate and sales tax. Income tax would be made even more progressive (meant in the tax definition sense, not the ideology sense).



posted on Oct, 19 2011 @ 12:23 AM
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999.

666.

Seriously? Why the hell (no pun intended) would you even deign to approve a name for your plan like that?
And this, this is why I have no faith in any politician of either party.



posted on Oct, 19 2011 @ 12:36 AM
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Originally posted by jjf3rd77
Actually Herman Cain's Plan Does Raise Taxes!!!!


Correct, to a point. it dramatically raises taxes on the average American. it's nearly a 90% tax cut for the wealthiest, however. it's a regressive tax, shifting the tax burden downward on the economic scale.


I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???


I'm sorry, you've been badly, grotesquely mis-educated. hopefully the damage isn't permanant.

Liberals recognize the need for taxes to be paid. They also recognize however, that taxation should be progressive - that is, the more money you have to spare, the higher your taxes are compared to people with less (contrary to some claims I've heard made, the terms "progressive" and "regressive" when in regards to taxation have nothing to do with the Progressive political alignment; it's a mathematical term for the direction a scale moves in)

Liberals are attacking this plan because it shifts the greater tax burden onto people with less money to spare. This is antithetical to "liberal" tax policy.


Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.


The fact that obama is intelligent is why he didn't devise this plan.



posted on Oct, 19 2011 @ 01:54 AM
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Can't understand, how people can believe in someone, who doesn't even write their own speeches? Oh, that's right...he wears the label "president"...therefore, what he says is 'gospel'. hahahaha People shouldn't be chanting "change"! They should be singing "chain, chain, chaaaaaain....chain of fools!"



posted on Oct, 19 2011 @ 02:30 AM
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reply to post by jjf3rd77
 


What part of he is putting the tax burden on the poor to begin with you do not get? That is all this is an extremist attempt to accelerate the bulk of the wealth going to the already wealthy. The first thing you have to understand when he says global competitiveness he means the working class working for the equivalent of third world wages and benefits, it will be this way until you address our massive trade issues. This isn't complex it is rather simple to figure out. To date the only candidate in the field even discussing trade policy with a slightly serious attempt is Santorum. Cain has yet to release any plan that addresses it.

He is eliminating the payroll tax, that effectively means he is ending SS and Medicare/Medicaid. That is it is gone there is nothing to fund it. Now you have your impoverished working class that cannot afford to eat and put a decent roof over their head, because the skilled trades that build housing are not going to take a paycut. So without adequate housing what are they going to buy? Not houses the only option they have is to rent.

They are going to buy used goods to avoid paying the sales tax. This will increase demands on used cars, used appliances and used clothing. They are going to buy the cheapest possible and most convenient foods they can buy, this is good for McDonald's not so much for their health. Since they make next to nothing odds are they aren't going to have any land with which to grow vegetables to help improve their diet. Wages have stayed stagnant for three decades, which is a large part of why we are in the mess we are in now. Do you really think that changing to the 999 plan is going to change that? This man is part of the corporate mentality that put us here, exorbitant bonuses for him while his workers got minimum wage.


edit on 19-10-2011 by KeliOnyx because: (no reason given)



posted on Oct, 19 2011 @ 02:32 AM
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I love how no one ever mentions that Federal and State taxes still need to be paid. The 999 plan isn't only a bad plan, its a myth.



posted on Oct, 19 2011 @ 10:45 AM
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Obama or any intelligent person who is rooted in reality, common sense and reality wouldn't've even conceived of a half brained plan such as this as it is absolutely ludicrous and incomprehensible.



posted on Oct, 19 2011 @ 10:59 AM
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Originally posted by jjf3rd77
Actually Herman Cain's Plan Does Raise Taxes!!!!

I don't understand why Liberals are attacking his plan. Isn't that what they want? Taxes, Taxes, Taxes???

Truth is, if Obama had the smarts to think of this plan. The Media would LOVE it!!! He might even have been comparable to Clinton.


Cain didn't come up with it himself either. Seems him and his economical advisers may have stolen it from the game SimCity....

Forbes.com

Co-incidence?




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