9-9-9

[SHRED]

Pull the band aid off quickly and get to the gangrene

~snip~

The 999 plan claims to increase government revenue and Herman Cain has a panel of economists that tell him so. He won’t name any of these experts however, but he says they are names you would know. (are they the same as names of Communists in the State Dept? ) But, Michael Linden, an actual expert on taxes and budget at the Center for American Progress plugged the triple 9 into the 2007 Federal Budget, and he determined that Federal revenue would have been half as much under the pizza mogul’s plan.

The symmetry of the nines would have increased taxes on the middle class by about a third, and the top one percent would have enjoyed a 60% tax cut. Total revenue would have only been about 1.3 trillion or just enough to fund the Pentagon, the interest on the debt and little or nothing else. Not a problem if you don’t mind the government borrowing money, as the rich are happy to buy Treasury Bonds that pay nearly zero interest. That’s what happens when you let the Rich make all the money they want, by any means they want, and then don’t tax them, the money just piles up. Sort of a King Midas parable here, all that the rich touch turns to gold but they can’t spend it. They can however buy a democratic republic and turn it into a kingdom.

http://www.prairie2.com/2011/10/pull-band-aid-off-quickly-and-get-to.html

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It's difficult to understand why anyone not in the upper income brackets would want a "flat tax".


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[Graybeard]

1. K & R

Mike Malloy reads the Prairie 2 essays on his show just about every night. They are always dead on target.

[glowing]

2. Turn the 9's upside down, and the devil is at play.