Friday, September 30, 2011

The Cain Mutiny and 999

I've been researching comments regarding Cain's 999 plan.  Of course there is a lot of Liberal Trash Talk on the Web, but here are 3 recent videos/articles from the Wall Street Journal.  The Concept of 999 is:
  1. 9% Flat personal income tax
  2. 9% Sales Tax
  3. 9% Business Tax
Ok, if your a Conservative you intuitively believe that less regulations, limited government and a business friendly government will generate tons of jobs and Government Revenue.  So far so good.  Also, the plan is Bold and amazingly simple to understand AND it trashes the current totally complex and inefficient tax system.  However, we haven't yet seen any details as to the Assumptions and Forecast Mechanisms that would make this really understandable.  We don't even know who the Economists are who worked on this (No doubt students of Arthur Laffer.  Could Stephen Moore be one of them?)

Bottom line is I like the concept BUT really want to see more of the Details.  Here are links to these articles:



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