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Herman Cain: Smart enough to be president??

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  1. BigJohn804 BigJohn804 is offline

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    Oct 12th, 2011 (10/12/2011 6:22pm)

    If you are going to drastically alter the tax system in this country and sell us on this extra value meal 9-9-9 proposal, don't you think you want to go with a bit more gravitas in confirming your plan than announcing the local bank branch investment adviser crafted it?

    "WASHINGTON -- Herman Cain's now-famous "9-9-9" tax plan was crafted by a rank-and-file investment adviser working at a Wells Fargo branch in an affluent rural Ohio town with a population of about 6,000 people."

    http://www.huffingtonpost.com/2011/1...usaolp00000003

    I mean, really?
  2. Oh Rale Oh Rale is offline

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    Oct 12th, 2011 (10/12/2011 6:30pm) in reply to BigJohn804

    No
  3. ripomatic ripomatic is offline

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    Oct 12th, 2011 (10/12/2011 6:36pm) in reply to Oh Rale

    GOP----Complete shiiitshow
  4. LoveHatePoker LoveHatePoker is online now

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    Oct 12th, 2011 (10/12/2011 6:42pm) in reply to ripomatic

    That plan sounds awful.

    Raise taxes on the 99% while cutting taxes for the 1%. Yeah, this guy gets it.
    Edited By: LoveHatePoker Oct 12th, 2011 at 06:42 PM
  5. (oIo) (oIo) is offline

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    Oct 12th, 2011 (10/12/2011 6:43pm) in reply to LoveHatePoker

    Omg it didn't come from an economist snob! Oh noes!
  6. Dyzalot Dyzalot is offline

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    Oct 12th, 2011 (10/12/2011 6:47pm) in reply to LoveHatePoker

     
    Originally Posted by LoveHatePoker View Post

    That plan sounds awful.

    Raise taxes on the 99% while cutting taxes for the 1%. Yeah, this guy gets it.

    While I think this is a dumb plan, I'm pretty sure a lot of "99%ers" would have their taxes lowered under this plan. There are a lot of people in that 99% that pay more than 9% in income taxes.
     3
  7. BigJohn804 BigJohn804 is offline

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    Oct 12th, 2011 (10/12/2011 6:52pm) in reply to (oIo)

     
    Originally Posted by (oIo) View Post

    Omg it didn't come from an economist snob! Oh noes!

    yeah, because why would you want someone who has studied tax policy to craft your tax plan?
    Thread Starter
  8. astaggs astaggs is offline

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    Oct 12th, 2011 (10/12/2011 6:53pm) in reply to BigJohn804

    If someone is dumb enough to run for president, then no they are not smart enough to be president...
  9. The Precedent The Precedent is offline

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    Oct 12th, 2011 (10/12/2011 6:53pm) in reply to BigJohn804

    It's not like the 999 plan would ever pass congress anyway. This whole GOP field is void of any signs of gravitas in general unfortunately. Is Herman Cain smart enough to be President? Unless his complete lack of nuance is a calculated campaign strategy to win over the GOP, I say no.
  10. dolphin13 dolphin13 is offline OT Vice MVP

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    Oct 12th, 2011 (10/12/2011 6:54pm) in reply to Dyzalot

    True or false. This plan would make the poorest Americans (let's say bottom 20 percent) pay a lot more in taxes.
  11. The Precedent The Precedent is offline

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    Oct 12th, 2011 (10/12/2011 6:59pm) in reply to dolphin13

    but their bosses will have lots more money and will obviously give them raises
  12. treypear treypear is offline

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    Oct 12th, 2011 (10/12/2011 6:59pm) in reply to dolphin13

    No
    /thread
  13. Sportbike33 Sportbike33 is offline

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    Oct 12th, 2011 (10/12/2011 7:04pm) in reply to treypear

    "Disclosures filed during his campaign in 2011 categorized Cain's wealth as of that time as $2.9-to-$6.6 million, with Cain's income for both 2010 and 2011 combined being $1.1 to $2.1 million.[50]"

    from wiki... do any of you make that much. Im prone to listen to ppl that make more money than me as they tend to know what they are doing. I would think that our country is fucked right now so maybe we should listen to someone who knows how to run a successful business,maybe just maybe he could turn around the country
  14. Dyzalot Dyzalot is offline

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    Oct 12th, 2011 (10/12/2011 7:05pm) in reply to dolphin13

     
    Originally Posted by dolphin13 View Post

    True or false. This plan would make the poorest Americans (let's say bottom 20 percent) pay a lot more in taxes.

    It is possible that it would raise their taxes while lowering their overall expenses or increasing their income through a healthier economy. But yes, if the plan is totally flat with no standard deduction for everyone or anything like that then the poor will pay more in taxes.
     3
  15. BigJohn804 BigJohn804 is offline

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    Oct 12th, 2011 (10/12/2011 7:06pm) in reply to Sportbike33

     
    Originally Posted by Sportbike33 View Post

    Im prone to listen to ppl that make more money than me as they tend to know what they are doing.

    this is a common and frightening abdication of responsibility and intellect.
    Thread Starter
  16. Sportbike33 Sportbike33 is offline

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    Oct 12th, 2011 (10/12/2011 7:06pm) in reply to BigJohn804

     
    Originally Posted by BigJohn804 View Post

    this is a common and frightening abdication of responsibility and intellect.

    Could you be more specific?
  17. dolphin13 dolphin13 is offline OT Vice MVP

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    Oct 12th, 2011 (10/12/2011 7:07pm) in reply to Sportbike33

    Warren Buffet should be president then. Maybe we should listen to him when he says the U.S. Government coddles the rich and they should pay more taxes
  18. Sportbike33 Sportbike33 is offline

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    Oct 12th, 2011 (10/12/2011 7:09pm) in reply to dolphin13

    .
    Edited By: Sportbike33 Oct 12th, 2011 at 09:02 PM
  19. smcrawford2 smcrawford2 is offline The Decision Tree

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    Oct 12th, 2011 (10/12/2011 7:09pm) in reply to Sportbike33

    i tend to agree with sportbike. for instance, i base my life off what pro athletes say.
     
  20. mordan mordan is offline

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    Oct 12th, 2011 (10/12/2011 7:10pm) in reply to smcrawford2

     
    Originally Posted by smcrawford2 View Post

    i tend to agree with sportbike. for instance, i base my life off what pro athletes say.

    lol wp
     
  21. Realbigfish4 Realbigfish4 is offline

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    Oct 12th, 2011 (10/12/2011 7:13pm) in reply to mordan

    YAY... this thread is finally gonna get good... GL digging your ass outa the brain mush you just spwed sporty spice
  22. LoveHatePoker LoveHatePoker is online now

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    Oct 12th, 2011 (10/12/2011 7:17pm) in reply to Dyzalot

     
    Originally Posted by Dyzalot View Post

    While I think this is a dumb plan, I'm pretty sure a lot of "99%ers" would have their taxes lowered under this plan. There are a lot of people in that 99% that pay more than 9% in income taxes.

    I'm pretty sure 100% of the 100%ers pay less than 9% federal sales tax.
  23. whaler55 whaler55 is offline

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    Oct 12th, 2011 (10/12/2011 7:18pm) in reply to dolphin13

     
    Originally Posted by dolphin13 View Post

    True or false. This plan would make the poorest Americans (let's say bottom 20 percent) pay a lot more in taxes.

    good, it would make up for all the years they didn't pay taxes.
  24. Rocket Surgeon Rocket Surgeon is offline & brain scientist

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    Oct 12th, 2011 (10/12/2011 7:19pm) in reply to whaler55

     
    Originally Posted by whaler55 View Post

    good, it would make up for all the years they didn't pay taxes.

    Ladies and Gentlemen, I present to you: Alpharetta, GA.
  25. BigJohn804 BigJohn804 is offline

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    Oct 12th, 2011 (10/12/2011 7:21pm) in reply to whaler55

    because taxing that bottom 20% accomplishes what? making their financial situations even worse? there's good tax policy at work.
    Thread Starter
  26. Realbigfish4 Realbigfish4 is offline

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    Oct 12th, 2011 (10/12/2011 7:22pm) in reply to LoveHatePoker

     
    Originally Posted by LoveHatePoker View Post

    I'm pretty sure 100% of the 100%ers pay less than 9% federal sales tax.

    Im a huge advocate of a national sales tax with no income tax... Choosing to pay taxes is far greater than being forced to pay taxes (the argument of a sales tax being a forced tax in the modern day is invalid.... you can still barter and produce your own goods tax free)
  27. Dyzalot Dyzalot is offline

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    Oct 12th, 2011 (10/12/2011 7:28pm) in reply to Realbigfish4

     
    Originally Posted by Realbigfish4 View Post

    Im a huge advocate of a national sales tax with no income tax... Choosing to pay taxes is far greater than being forced to pay taxes (the argument of a sales tax being a forced tax in the modern day is invalid.... you can still barter and produce your own goods tax free)

    Makes no sense to me that I should be taxed for trading one kind of asset for another.
     3
  28. Realbigfish4 Realbigfish4 is offline

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    Oct 12th, 2011 (10/12/2011 7:31pm) in reply to Dyzalot

     
    Originally Posted by Dyzalot View Post

    Makes no sense to me that I should be taxed for trading one kind of asset for another.

    So instead you pay taxes on personal income? or are you saying that there should be no tax at all?
  29. whaler55 whaler55 is offline

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    Oct 12th, 2011 (10/12/2011 7:39pm) in reply to BigJohn804

    it was just a joke. didn't mean to make you, or 20% of America upset.
  30. userid363 userid363 is offline I want an undertitle

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    Oct 12th, 2011 (10/12/2011 7:42pm) in reply to Realbigfish4

     
    Originally Posted by Realbigfish4 View Post

    Im a huge advocate of a national sales tax with no income tax... Choosing to pay taxes is far greater than being forced to pay taxes (the argument of a sales tax being a forced tax in the modern day is invalid.... you can still barter and produce your own goods tax free)

    This may sound good on the surface, if you don't look at the results as far as what % of their income the bottom would pay vs. the top
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