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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 Cainā€™s ā€œopportunity zonesā€ would have the federal government granting preferential regulations of commerce among the States which would violate our founding fatherā€™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...