A place for ECON 122 students to make a connection between the classroom and the world around them and to improve written communication skills.
Tuesday, November 15, 2011
Greg Long - Original - Herman Cain
Republican presidential hopeful and former CEO of Godfather's Pizza, Herman Cain, has quite an innovative, and bold plan for America. Cain has acknowledged the fact that the current administration has left the economy in a complete mess. High taxes, more government spending, and more lost jobs, mainly to other countries, are all signs that our economy is getting worse and worse. One of the ways that Cain wants to right the ship is his "9-9-9" flat tax plan. 9 percent sales tax, 9 percent income tax, and 9 percent tax on businesses. This flat tax would replace the old complicated tax code that has made economic life miserable here in America. What a flat tax does is make so that everyone pays in proportion to what they make, not unproportionally like now. As of now the millionaires and billionaires, the ones that boost the economy, pay more in taxes than anybody not because they make more, but because the government wants to take from them all of their hard earned money just because they're more fortunate and, usually, more hard working than others. It is communist and evil to take something that is not yours and give to someone else (welfare) but that is for another time. What Cain's plan does is make paying taxes fair for everybody. Nobody should be unfairly taxed because they worked harder than others did. Every person would be paying 9 percent of their income to the government with the exception of those living below the poverty line (about $22,000 for a family of 4) who would not have to pay taxes. What the best part of Cain's plan is to lessen the tax burden on corporations who literally drive the economy. Without companies such as Ford, Kraft, Nike, and Microsoft, there would be no jobs and no opportunity to move up in society. Lowering the tax on businesses makes this a America open for business again and I believe that many international companies would want to expand here, bring jobs here, so they would not have to pay high taxes elsewhere. Critics of Cain's plan as how is this country going to make money? The answer is simple, taxes. The U.S. cannot keep spending and spending and spending without any regard for what this massive debt is doing for our economy. America is going to face tough times ahead of us and we will all need to cut back. Government programs must be either cut drastically or thrown out all together. Once America can balance the budget (spend less than what we take in, there's a thought) then we can grow stronger and stronger everyday, but until we do our economy and nation as a whole is going to fall right off the charts and into insurmountable debt, of which we will never be able to get out of. Herman Cain and his conservative view on the economy is exactly what this country needs. Cain's plan boosts the economy by giving coonsumers more money in their pockets and allows businesses to keep more of what they make so they can put that money back into creating jobs and keeping prices low for all of us. Cain's plan is fair for everyone and is exactly what this country needs too get going again. Article: http://www.washingtonpost.com/politics/herman-cain-tweaks-999-plan-to-include-opportunity-zones-for-lower-income-americans/2011/10/21/gIQAfBlh3L_story.html
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