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You are light years away from free-market capitalism. You have no concept of risk and reward. Nothin' like gob'ment workers....

The morning's sunrise would have been less predictable than that post.
Mac, if 999 had a 100% tax exemption for MacLorry, I'm guessing then you'd quietly vote for it, but publicly still chant your socialist "it takes a village to raise a millionaire" mantra.

Let's look at it. I live on SS alone. I make 1244 a month. I after mortgage, two standard cell phones and car insurance I have a whopping $144 a month left. I do NOT eat out anywhere let alone fast food, I have a five year old cell phone NOT a g anything, I have no consumer debt. We live with just enough solar and wind power to run a laptop and charge two cell phones. No indoor plumbing, no TV, no fancy anything. We heat and cook with wood we cut ourselves. We eat little we do not grow ourselves. So go ahead and take my $144 a month. What else you want to do to be, after all I am just another of your poor trash.

You wont see us in the freebie line. Never have, never will. You accusations are an insult.

Cains plan is going to be a hit in the wallet to those who can least afford it - driven by the idea that many conservative voters seem to be latching onto that someone making 20K or 30K a year aren't paying their fair share because of a progressive tax system we currently have in place.

The government made the decision to spend $45K per person on our behalf, not them.

And somehow that has morphed into the idea that everyone needs to pay it back with a radical tax plan , in this case by Cain.

Frankly I'm a bit stunned that so many conservatives want to rally behind a plan that has very little detail, has not been vetted as to its impact and creates a new revenue stream for a government that can't be trusted with the ones it has now.

I'm not sure what happened to the GOP but if this is the line of thinking it has now - tax increases for everyone and new revenue for the government - I'm thinking they may be closer to liberals than they were in supporting McCain.

You sound absolutely stupid.

--------------------------------------------
TAXES:
Lowers the corporate tax rate to 15%, making America competitive in the global market. Allows American companies to repatriate capital without additional taxation, spurring trillions in new investment. Extends all Bush tax cuts. Abolishes the Death Tax. Ends taxes on personal savings, allowing families to build a nest egg.
REGULATION:
Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.
ENTITLEMENTS:
Honors our promise to our seniors and veterans, while allowing young workers to opt out. Block grants Medicaid and other welfare programs to allow States the flexibility and ingenuity they need to solve their own unique problems without harming those currently on the programs

I'll put you down as a "I want the government to have a new tax revenue stream" conservative

I'll put you down in a "I don't have to pay any taxes at current and any plan that causes me to have to contribute at any level whatsoever is bad and I would prefer Obama win than pay taxes" camp.

But to your point, I will accept a new revenue stream that greatly broadens the tax base and causes nearly all to have skin in this mess if that new revenue stream replaces numerous other streams that stem from ideaology typical of socialists. (Think death, graduated income, and cap gains).

I contend that supporting Herman Cain's plan is great re-election plan for Obama

because for those people that don't live in a GOP vacuum realize that the 47% of people that don't currently pay taxes are not going to line up to vote for a guy trying to put a 9% tax on them.

They'll happily pull the lever for Obama and all these Cain tax is the answer people will be looking at each saying "wha happened?"

and you don't know jack schit about what I pay in taxes now.


You can trust the government with a new revenue stream. Me? I've paid attention to what the government has done with the current revenue stream it has had in the last decade.

Everyone having "skin" in the game just means its Xmas time in April for the pork barrel spenders in Washington D.C.`

Here is my greatest concern with Cains 9-9-9 tax plan.
http://www.washingtonpost.com/polit...ampaign/2011/10/16/gIQAKTLPoL_story.html

This is not the brain child of Cain but the demon Seed of the Koch Brothers. I am really afraid that Cain is bought and paid for and some of us have bought into the idea that he is new and refreshing. I think not!



Cain will have to make lots of changes to his tax plan because he has not thought this out very well. How will any business be able to afford any reinvestment when you cant write most of it off as the cost of doing business?

Here is a Youtube link. It is weak at best but has some good info.
http://www.youtube.com/watch?v=-wx8...mp;persist_safety_mode=1&safe=active

Yes he can. Rasmussen has Cain ahead of Obama in the general election!

Of course if you knew anything beyond 8th grade you would realize neither Elizabeth Warren nor I came up with a new argument for the progressive income tax. It's an argument that goes back more than 100 years to a time when wealth was highly concentrated and working people were little more than Chinese coolies. Those who fail to learn from history are doomed to repeat it.

Don't look now, your ignorance is showing, again.

And you have no common sense if you think anyone makes money in a vacuum apart from the contributions and sacrifice of many others. The kid standing on the shoulders of another kid shouldn't be given all the rewards for being the one who actually picked the apples.



I see you never responded to my challenge to explain the difference. Here's your opportunity to show you're smart rather than just another smart mouth only capable of one liners.

I'm not so sure those defending Cain's 999 plan are conservatives as there are lots of libertarians and closet liberals on 24hr.

As I demonstrated in a post on Sunday it would be easy for the wealthy to avoid all income taxes by converting ordinary income into capital gains under Cain�s 999 plan. At the other end of the economic spectrum retired folks would see a 9% tax increase compared to the current system.

Because of the loopholes in Cain's simpleton 999 plan, tax revenues would drop dramatically and increase the deficit and debt requiring either an increase in the tax rates, or rules and regulations to close the loopholes. In the end Cain's plan will be neither simple or have low rates. Cain-sian economics simply doesn't work.

Making such a radical and unproven structural change to such a foundational function of the government is something liberals are known for. Nationalizing 9% of private savings is something communists are known for. Cain is no conservative in the traditional meaning of that word. He's best described as a radical rightist willing to recklessly take the nation in directions obviously beyond his knowledge or understanding. Regardless of the tax issue, I wouldn't trust such a person to be in charge of foreign policy and commander in chief.

I never said it was a new argument. You are changing the focus of the debate. Socialists like you strive for the collective that brings the equal distribution of poverty to the masses. You are a statist embarrassment who will soon become a fossil after the November elections. The American people have scene enough of this socialist experiment that Obama and his ilk have dabbled in. They have lived the folly of their past decisions and will choose not to repeat it.

Now go back to the Move On site were you will be appreciated like the "useful idiot" you are!

....the corn seed is consumed (planted)...
....the corn the farmer planted is not the seed he will sell..
....using traditional accounting principles, your example doesn't clear the one-year hurdle....

The only way that your hypothetical corn seed could be construed as a capital asset would be a farmer buying seed corn, holding it over a period of one year, and selling that same seed into an appreciated market and thus realizing a gain.

And if the farmer did that...he should NOT have to pay taxes.

That's mean.