Thursday, October 13, 2011
Cain's 9-9-9 Tax Plan for Sim-pletons
Rethug front-runner (!) and ego-tripping candidate Herman "Herb*" Cain has a catchy sounding tax plan. He calls it "9-9-9", for the 9 percent tax corporations would pay, a 9 percent personal income tax rate everyone would pay, and a 9 percent national sales tax. Wildly regressive, yes! It would slam low-income and working poor and middle class families while plummeting taxes on the rich and corporations. Sounds like a Randian wet dream.
Could it be it's origins are as sim-ple as the thinking behind it?
*Courtesy Simple Sarah Palin.
(Photo: "Herb" Cain, Tax Collector for Sim City?)