DemocratSinceBirth
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Sun Oct-16-11 03:11 PM
Original message |
Wouldn't Citizen Cain's 9-9-9 Plan Discourage Consumption? |
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The economy is already suffering from a massive lack of aggregate demand. If you added a nine percent sales tax it would discourage consumption and reduce demand. Here's a quick example. That Ford Fusion Joe Six Pack wants to buy in California with a sticker price of $20,000.00 now cost a whopping $23,600.00 (9.0% CA sales tax and 9% Cain Tax).
Even George Will alluded to this on This Week.
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Turbineguy
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Sun Oct-16-11 03:22 PM
Response to Original message |
1. It will incourage consumption |
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provided of course you are using the term in connection with tuberculosis.
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indepat
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Sun Oct-16-11 03:22 PM
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2. And think: the vast bulk of all accumulated wealth would never be subject to any tax other than an |
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initial 9% income tax. Now how special is that? It's peachy special, 'cause it just doesn't get any better than this. :patriot:
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DemocratSinceBirth
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Sun Oct-16-11 03:26 PM
Response to Reply #2 |
3. It's Also Horribly Regressive |
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The poor and working class spend all or most of their income. The rich don't.
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indepat
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Sun Oct-16-11 03:41 PM
Response to Reply #3 |
7. The more regressive the tax, the more Rethuglicans love it and |
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will support it to the hilt. :patriot:
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dsc
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Sun Oct-16-11 03:31 PM
Response to Original message |
4. actually it gets worse |
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He actually doesn't apply sales tax to used items. So in your car example, there would be a heavy incentive (1800) to buy used instead of new. The same would apply with housing. A new house costing 200,000 would have a 18k Cain tax upon it while an existing 200k house would have no such tax.
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greymattermom
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Sun Oct-16-11 04:20 PM
Response to Reply #4 |
8. some trick so everything is used |
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that new car has 3 or 4 miles on, so it's really used. the new house had workers sleep in it one night, so it's really used. only a few things like food and underwear would be new and subject to the tax.
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DemocratSinceBirth
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Sun Oct-16-11 04:21 PM
Response to Reply #8 |
9. Even New Cars Usually Have A Couple Of Miles On Them |
dsc
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Sun Oct-16-11 05:30 PM
Response to Reply #8 |
12. I think they would have to have been pre owned |
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even new cars do have a few miles (test drives etc)
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former9thward
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Sun Oct-16-11 07:46 PM
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13. Houses are considered new if they have had no permanant occupiers. |
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Mileage on cars does not determine whether they are new or not. If a car has not been titled it is considered new no matter how many miles are on it.
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LiberalFighter
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Sun Oct-16-11 03:33 PM
Response to Original message |
5. We need to raise the price of all goods that the wealthy buy about 175%. |
phleshdef
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Sun Oct-16-11 03:36 PM
Response to Original message |
6. A national sales tax could only work if we made the corporations eat the difference. |
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But that would entail a complete regulation of how much corporations are allowed to charge for products. I don't think hardly anyone would be on board with that.
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Raven
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Sun Oct-16-11 04:44 PM
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10. Under 999 there will be a big market for used milk, bread and diapers. :-) |
itsrobert
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Sun Oct-16-11 04:48 PM
Response to Original message |
11. There will be an underground market |
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There are many ways of getting around this tax.
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Proud Liberal Dem
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Sun Oct-16-11 10:01 PM
Response to Original message |
14. I thought that we were all already "taxed enough already"? |
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Teabaggers? Where are you on this? Hmmmmmmmmmmmm?????? :eyes: Oh, that's right, with Cain. :banghead:
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DU
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Tue Apr 23rd 2024, 01:23 PM
Response to Original message |