Let me tell you why Cains' 9-9-9 Plan will never be implemented.
Cain's plan would trash our current taxes and replace them with a 9 percent income tax, a 9 percent business tax and a 9 percent national sales tax, plain and simple.
There are a couple of reasons it won't work. First off, it will actually raise taxes for some - you know, the poor that don't pay taxes while bitching about the rich not paying enough - and secondly, it will abolish most if not all of the Internal Revenue Service, which will save millions of dollars in itself. Bureaucracy abhors a vacuum. It can't even have a simple committee without having subcommittees. No fucking way can it cut an entire department.
I would go along with it as a Constitutional amendment that repeals the 16th amendment and bans the IRS by name AND function. It must limit the taxes able to be collected by the Feds (excluding tariffs and duty fees as outlined in the Constitution) to the 9-9-9 unless ratified by 2/3rds of the states.
ReplyDeleteOtherwise, it is just a recipe for more money for the beast.
Do not forget the plan would reduce the ability to commit fraud and extract graft.
ReplyDeleteAnd do we really want hordes of unemployed accountants and tax attorneys roaming the countryside?