View Poll Results: Would you vote for Herman Cain for president?

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  • Yes

    164 46.07%
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    192 53.93%
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Thread: Herman Cain for president?

  1. #171
    Professor xpiher's Avatar
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    Re: Herman Cain for president?

    Quote Originally Posted by cpwill View Post
    btw: raising the top rates =/= "fixing the tax code"
    You are being willfully ignorant. You come off as too informed to actually believe thats all Obama wants to do.

  2. #172
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    Re: Herman Cain for president?

    Quote Originally Posted by xpiher View Post
    I meant to say divvied out/up. An agency that knows how much people make will still need to exist in order to ensure that money goes out to people correctly. Furthermore, funds still have to be collected and sent to congress. The IRS would still exist.But, as I said, a reverse income tax combined with the fair tax would be better than the prebate. Some may say there isn't a difference, but I think there is, although a subtle one. The prebate is designed to remove the taxes from life necessities, giving money to everyone, where as a reverse income tax is designed to keep people just above the poverty rate and doesn't give money to those who aren't in direct need of it.
    No, everybody gets the same pre-bate according to how many are in the family. It's not based on how much you make. Why does the government need to know how much people make, when they will only be collecting taxes on what people spend?
    A reverse income tax is still an income tax. The fair takes gets rid of it.
    Why does it feel like liberals don't really care about the poor, but are more concerned with punishing the wealthy?
    ( I realize you're not a liberal) just sayin' maybe you haven't thought this through.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

  3. #173
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    Re: Herman Cain for president?

    Americans For Fair Taxation: Frequently Asked Questions
    Americans For Fair Taxation: Rebuttals
    Americans For Fair Taxation: The Basics

    Americans For Fair Taxation:
    Americans For Fair Taxation: Frequently Asked Questions Answers
    What is taxed?

    The FairTax is a single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. A rebate makes the effective rate progressive.
    Exactly what taxes are abolished?

    The FairTax is replacement, not reform. It replaces federal income taxes including personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes
    .



    How does the prebate work?

    All valid Social Security cardholders who are U.S. residents receive a monthly prebate equivalent to the FairTax paid on essential goods and services, also known as the poverty level expenditures. The prebate is paid in advance, in equal installments each month. The size of the prebate is determined by the Department of Health & Human Servicesí poverty level guideline multiplied by the tax rate. This is a well-accepted, long-used poverty-level calculation that includes food, clothing, shelter, transportation, medical care, etc. See chart in Figure 1 below.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

  4. #174
    Disappointed Evolutionist
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    Re: Herman Cain for president?

    As I have shown you before, Snopes research has already determined that under the national sales tax plan called "fair" tax that those making under $200,000 will pay more in taxes and those making over $200,000 will pay less in taxes.

    In addition:


    MONEY finds flaw in 'FairTax' bestseller


    "according to the MONEY report, the book fails to make clear that, in order for pre-tax prices to fall so sharply, companies would also have to cut wages they pay.

    "Sure, you'd get to 'keep 100 percent of your paycheck,' as Boortz and Linder repeatedly write, but it would be a smaller paycheck," MONEY senior editor Pat Regnier writes. "That's kind of a big thing to leave out."
    Money Magazine uncovers flaw in Fair Tax Book - Sep. 7, 2005
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #175
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    Re: Herman Cain for president?

    Quote Originally Posted by haymarket View Post
    NO. He was not born in Kenya. That rules him out in my opinion.
    you cannot prove that....
    Oracle of Utah
    Truth rings hollow in empty heads.

  6. #176
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    Re: Herman Cain for president?

    Quote Originally Posted by Catawba View Post
    As I have shown you before, Snopes research has already determined that under the national sales tax plan called "fair" tax that those making under $200,000 will pay more in taxes and those making over $200,000 will pay less in taxes.

    In addition:


    MONEY finds flaw in 'FairTax' bestseller


    "according to the MONEY report, the book fails to make clear that, in order for pre-tax prices to fall so sharply, companies would also have to cut wages they pay.

    "Sure, you'd get to 'keep 100 percent of your paycheck,' as Boortz and Linder repeatedly write, but it would be a smaller paycheck," MONEY senior editor Pat Regnier writes. "That's kind of a big thing to leave out."
    Money Magazine uncovers flaw in Fair Tax Book - Sep. 7, 2005
    How does the FairTax affect wages and prices?

    Americans who produce goods and earn wages must pay significant tax and compliance costs under the current federal income tax. These taxes and costs both reduce after-tax wages and profits and are then passed on to the consumers of those goods and services in the form of price increases. When the FairTax removes income, capital gains, payroll, and estate and gift taxes, the pre-FairTax prices of these goods and services will fall. The removal of these hidden taxes may also allow wages to rise. Exactly how much prices will fall and wages will rise depends on market forces. For example, in a profession with many jobs and too few to fill them, wages will likely increase more than in fields where there are too many employees and not enough jobs.
    Catawa is my favorite bleeding heart liberal.
    1/27/12

  7. #177
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    Re: Herman Cain for president?

    I'd rather vote for Herman Munster. He was dumb, but honest, and that's more than I can say about politicians.

    ricksfolly

  8. #178
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    Re: Herman Cain for president?

    But Cain isn't a politician, which I think is precisely the point.

  9. #179
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    Re: Herman Cain for president?

    Quote Originally Posted by Red Crow View Post
    Thank God he is not a community organizer!!!!
    Now thats funny lol

  10. #180
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    Re: Herman Cain for president?

    Quote Originally Posted by BDBoop View Post
    But Cain isn't a politician, which I think is precisely the point.
    True, but if he runs for president, then he will be. So, how can we elect a non politician?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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