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Friday, October 21, 2011

Cain 9-9-9 and now Perry Flat Tax disasters

The old southern pejorative phrase, "All Hat, no Cattle" comes to mind whenever I listen to Rick Perry. His ideas are vacuous. I don't think Herman Cain expected anyone to take him seriously and therefore hasn't really worked at his so-called "9-9-9" plan in any real depth. For instance, Jared Bernstein posted this chart today that shows that everyone's taxes go up, but only the top tiers go down....way, way, way down. Do you think the GOP candidates listen at all to the Occupy Wall Street folks ("We are the 99%") as these types of regressive tax plans take a terrible tax situation on wealth distribution favoring the rich, and injects it with steroids. It will cause riots if such a plan is passed.


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