Herman Cain’s 9-9-9 tax plan helps rich, hurts poor

It seems that Herman Cain came out of nowhere in the presidential election, despite being supported by the Koch Brothers for years, and he is taking the Republicans by storm.

Even though most of Herman Cain's plan for America is shrouded in secret (like who he is going to appoint at the head of the FED, his energy plan and even his plans with Afghanistan), he has come out with his 9-9-9 tax plan to "help" America. For those of you who do not know the tax plan, it is very simple plan that reduces taxes to nine percent sales tax, nine percent business transaction (corporate) tax and nine percent income tax. This might sound like a good plan at first, but remember there are zero percent capital gains tax and zero percent tax on money through dividends. This seems to favor a certain group, and here is a hint—it's not the poor or the middle class.

I do not need to tell you that having sales tax at nine percent is completely ludicrous.

It's almost adding a tenth of what are you paying for an item. This is a huge disadvantage to the poor and middle class, and makes life even harder for them.

There are people in this country right now who are having trouble paying their bills and having to decide between food and medicine. With this plan, it would make getting food even more expensive, and also this is going to cause a tax increase for over 84 percent of Americans.

You might ask who is getting the decrease in tax rates. If you guessed the rich, then you are correct. The income tax of the rich will be reduced from 17 percent to nine percent and, with donating to charity and other tax breaks, that might be reduced to almost zero or one percent of their total income being taxed. You also have to remember that most of the rich don't get their money from income, but from capital gains and stocks.

This means that the majority of their income is untouched.

This plan lowers the taxes of the rich, so they keep almost all of their money, and taking it from the poor. This is straight up class warfare, and Herman Cain does not want to help anyone who can't blow their noses with hundred dollar bills, perform legitimate business deals, actually care about the common man.

Almost all the people in this country will pay nine percent more in taxes and cause them to actually lose more money than the current tax plan.

The plan also has no economic benefit to our system because it will lower the amount of government income and cause us to go further into debt. We will never be able to pay off our debt, and this country might go bankrupt if we do not increase the taxes on the rich and open up other sources of revenue. If we keep ignoring this problem and keep giving money to the rich, we will never get out of our current economic crisis.

You might also think that we can get out of this problem through "trickle-down economics." This is the belief that if we give more money to the rich, then they might spend/invest it and cause the money to go back to the workingman and help save the economy.

Well, I hate to burst your bubble, but that does not work because it would require the rich to actually invest in American business and not go overseas with workers.

Do not fall for Herman Cain's propaganda. He is just trying to make his rich buddies richer and leave us paying the bills.