HERMAN CAIN’S 9-9-9: ANOTHER POISON BAND AID FOR BANKERS
October 19, 2011
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” –Thomas Jefferson to A. L. C. Destutt de Tracy, 1820. FE 10:175
Presidential hopeful, Herman Cain, came out with his proposal to continue fleecing the American people: 9-9-9. His so called ‘tax overhaul’ is nothing but more of the same. Another life raft thrown to desperate Americans who want to hear “solutions”, but don’t know how the problem started.
Cain’s proposal is a 9 percent personal income tax, a 9 percent business tax and a 9 percent national sales tax. Double taxation for the bankers – and “its resonating with voters”!
Washington beltway mouthpieces, radio talk show hosts, cable news anchors and his rival candidates are all chiming in:
Cain’s ‘9-9-9’ tax plan hits poor, helps wealthy, experts say
“The “9-9-9” plan that has helped propel businessman Herman Cain to the front of the GOP presidential field would stick many poor and middle-class people with a hefty tax increase while cutting taxes for those at the top, tax analysts say.”