Cain is on his way out, but I hope remnants of his tax plan stay with us. No other plan offered attacks our highly discriminatory system and creates equality in taxation much like the oh-so memorable 9-9-9 would.
His detractors suggest that the plan would magically be increased in the future, however Cain made the salient point that his plan would never increase taxes, rather a politician would. Not acting because some future politician may or may not increase the rate of taxes is not a valid reason not to at least consider the benefits of his plan.
First off, I will say I take issue with the corporate tax. Perhaps it shows how DC Herman Cain really is; of all people a businessman like him ought to know that corporate taxes are just passed on to the consumer. That’s why when other presidential hopefuls criticized the plan for creating a new sales tax I knew none of them would be the fix America needs right now. How can any of them claim to remotely understand what plagues our economy if they cannot understand the simplest of taxation principles? This would eliminate the hidden nature of government and taxes and make it very real to consumers just how expensive big government can be. I think his opponents were just mad they did not come up with something so simple and so catchy before he did. Oh well.
I think a plan more like 15-15 would work better; a 15% tax on all goods and a 15% tax on all income. That is right, all income. Everyone, even the “poor” would be included in my plan, and that would insure the plan would never change. No self-interested politician (is there any other kind?) would dare hike up the rate because of the toll it would take on the poor. I would suggest this plan until America is all caught up on its debt, and then I would trim it to a single 15% national tax on all goods, no exceptions, write-offs, credits or waivers. Everyone must pay. When everyone is included in a tax plan, it shackles the hands of future politicians.
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