Monday, October 24, 2011

Herman Cain May Change World View On Taxes

Who ever thought that a conservative man from Georgia running for President of The United States could affect taxation and democracy debates around the world?

Herman Cain's 9-9-9 Plan is a Vision for Economic Renewal that can be good for America and the world's economies. He believes that the natural state of our economy is prosperity. Freedom from excessive regulation and excessive taxation ensures that.

Cain believes that in order to return to prosperity, Government must get off our backs, out of our pockets and out of our way.

His Economic Guiding Principles include:

1. Production drives the economy, not spending. Production is the engine, consumption is the caboose. We can not spend our way to prosperity. Government spending is like taking a bucket of water from the deep end of the pool, pouring it in the shallow end. Then they HOPE that the water level will CHANGE.

2. Risk taking drives growth. Business formation and job creation are dependent on entrepreneurs taking risks. Investors who fund those entrepreneurs likewise take risks.

3. Measurements must be dependable. A dollar must always be a dollar just as an hour is always 60 minutes. Sound money is crucial for prosperity.


Cain states that when one party is so focused on spending so that the other must focus on cutting, we must unite around economic growth. Unite income tax payers with payroll taxpayers so we all pull for low rates Unite those wanting to eliminate deductions with those seeking lower rates. Unite the Flat-Taxers with the Fair-Taxers.  

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