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Showing posts with the label Questions for Herman Cain

Herman Cain's Empowerment Zones and the United States Constitution

Quote of The Day: Herman Cain’s “opportunity zones” would have the federal government granting preferential regulations of commerce among the States which would violate our founding father’s very intentions expressed in Article 1, Section 9, Clause 6 of our Constitution which states: No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another: nor shall Vessels bound to, or from, one State, be obliged to enter, clear or pay Duties in another. John W K

A Question For Herman Cain- Would the 999 plan work better as a 99 Plan ?

I like Herman Cain but I have some questions that I would like to see him answer. The 999 plan is not about numbers- it is about percentages- which result in numbers and so if you take one of the percentages out of the equation,it does not necessarily result in a lower federal revenue number- and so I raise the question- why do we need three elements to this equation? Is there a point to the national federal sales tax other than to tax those who are not making an income- the unemployed, the disabled, and those living on a fixed retirement amount - and to "tax the rich" more than others. Other than that, the sales tax is levied on the same sectors as those taxed by the other 2 nines. The sales tax lowers the value of the dollar as the cost of consumer goods is increased by 9%. The sales tax 9% will potentially lower business profits by raising costs of wholesale purchases resulting from an increase in the cost of freight- and by decreasing consumer spending power. Busi...