In the recent Bloomberg Television and The Washington Post, in partnership with WBIN-TV and host Dartmouth College, presidential debate; Herman Cain debunked mathematical fact that stated his plan would fall short of the revenue required to just keep the current government afloat. He also insisted that his tax code would pass “Because the people want it to pass!“.
Personally, I am not certain which people he is talking about. The last thing anyone I know in America wants is another tax. Especially a taxation without representation.
The 9% for a federal sales tax is pointless. Currently we have state sales taxes. In theory they currently fund roads, road repair and other facilities that assist consumers to get to the store locations where they purchase said products and pay the sales tax. But with companies like Amazon.com going to entirely digital formats and home delivery services, these taxes are almost obsolete: Except for California.
While I am all for ditching the current tax code and the insanity that encourages dishonesty. I think Herman Cain would have been better off with just 9-9. Perhaps he just didn’t want to be known as the candidate who was one penny short of a dollar.