Herman Cain’s 9 9 9 tax plan or is it a 6 6 6 tax plan?

You have probably heard by now of Herman Cain, the new poster boy for the GOP and his 999 tax plan: replacing the current tax system with, 9% income tax, 9% national sales tax, 9% corporate tax. His claim is that it would raise the same amount of revenue as is raised now but would boost economic growth.

Of course, no one can really figure out whether his claim is true or not. It seems to me however, it is just another version of trickle down economics. Especially the 9% national sales tax bit. It sounds good, but is really a regressive tax putting a greater burden on the poor one more time. And you would have to add the state sales taxes to that. Having everyone pay 9% income tax is again a regressive tax is that approximately 22% taxpayers, mainly low-income earners pay no taxes; thus their dollars are taken away.

As to corporate taxes, which are just passed along to customers, it does seem fair that they pay for roads, sewer, water etc,the public services they use along with the rest of us. Who knows how much that is.


Remember also this is the guy who said, "If you're not rich blame yourself." in reaction to the Wall Street protesters, and "Demonstrating against Wall Street is like demonstrating against capitalism." Seems more like demonstrating against GREED to me.