I’ve read many articles on herman cains 9-9-9 plan, I understand that it wont work and that if Cain somehow DID get elected he’d never enact it or it would fail miserably during “phase 1” and go into economic rapture. That said, has anyone from Mises deconstructed the plan yet?

Ironically Dave, it’s your buddy Bob Wenzel who is now claiming Schiff endorses the 9-9-9 plan… Judging by the comments, at least I’m not the only one who’s recognizing the man’s getting to be full of crap. I’m telling you. Senility is a bitch.

JJ, I don’t know Bob Wenzel personally, nor do I know his age. So I cannot tell you if he is senile or not. I do know that I have benefited greatly from reading his blog. The argument he presents against 999, quoting Rothbard’s reasooning, seems pretty sound to me. If someone has a rebuttal, I’ll…

The above video starting at 9m57s is really good. Linked below: http://www.youtube.com/watch?v=7iJvtQpyx1A&feature=player_embedded#t=9m57 Don’t get me wrong, the first part is really important as well. JJ, I have a question: When corporate taxes are calculated right now, are employee wages subtra…

A twist: Cain Adds to ‘9-9-9’ Plan, Angering Unions

Yes, as a business currently you are taxed on profit, meaning revenue minus expenses. Salary and wages are deducted as expense . (quick summary with PDF here ). To get a bit more into the accounting, see here . The only thing I could do here is differentiate the FairTax from a VAT. I’m not familiar …

JJ, I posted the above video on http://www.nerds4cain.com/forums/discussion/116/schiff-9-9-9-plan-is-actually-9-9-9-9-hidden-payroll-tax and got this response: 9-9-9 establishes the entire United States territory as an empowerment zone, and payroll is fully deductible in that zone. Sure, a compan…

Also, unexpected: Phase 2 – The Fair Tax Amidst a backdrop of the economic renewal created by the 9-9-9 Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax. Ultimately replaces individual and corporate income taxes Ends the …

Sounds very nice. I have two questions" Why doesn’t he talk about cutting govt spending? In fact he says explicitly [I’m relying on Wenzel’s reporting here] that it will be revenue neutral, meaning will collect the same amount of taxes as before 2.Why should someone be taxed for hiring workers ab…

So it does say that…notice it also says: 9% Individual Flat tax • Gross income less charitable deductions • Empowerment Zones will offer additional deductions for those living and/or working in the zone This might actually be the “tweak” that current news reports are talking about. [ 1 ] [ 2 ] How…

Schiff/Wenzel interview available here . (If that link ever stops working, listen here ) Satisfied now, Dave? Wenzel is so damn confused it’s making my head hurt. That’s why I’ve gotta go with senility, because I can’t figure any better explanation as to how someone who references “the great economis…

Herman Cain's 9-9-9 plan, has an Austrian economist adressed it yet?

Economics Economics Questions

John_James October 24, 2011, 3:26pm 52

Schiff responds to Wenzel’s blog-a-thon…

Kinsella v. Wenzel

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Herman Cain's 9-9-9 plan, has an Austrian economist adressed it yet?

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