The good people at Reason have a very interesting quiz, featuring anonymous quotes from the various candidates on nine different issues.
I picked the quotes I liked best and the computer says Ron Paul is my guy.
I suppose that makes sense, at least to some degree, since I first voted for him in 1988, when he was the Libertarian Party’s presidential candidate.
In the interests of full disclosure, though, I should state that I don’t have a candidate at this point.
But I do have a simple test. I will vote for any candidate that will (in my estimation) reduce the burden of government.
Sadly, no Republican has passed this test since 1984. It remains to be seen whether the GOP will nominate someone acceptable in 2012.
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Posted in Fair Tax, Fiscal Policy, National Sales Tax, Tax Reform, Taxation, Value-Added Tax, VAT, tagged 9-9-9 Plan, 999 Plan, Economics, Fair Tax, Fiscal Policy, Herman Cain, National Sales Tax, Taxation, Value-Added Tax, VAT on October 16, 2011 |
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Actually, the title of this post should probably read, “The Good, Good, Good, Bad, and the Ugly.”
That’s because Herman Cain’s 9-9-9 tax plan has low tax rates, it eliminates double taxation, and it wipes out loopholes, and those are three very big and very good things.
The bad part, as I explain here, is that Cain would let politicians impose a national sales tax at the same time as an income tax.
And the ugly part is that he also would let them impose a value-added tax as well, as I discuss here.
I pontificate on all these issues in the latest Coffee and Markets podcast, which you can listen to by clicking here.
In closing, I will admit that it’s been very frustrating to deal with Cain’s plan. Supporters of Cain accuse me of being too critical and opponents of Cain accuse me of being too nice.
Normally, I don’t like being in the middle of the road, but that seems to be the only logical place to be since 9-9-9 has some really good features and some really bad features.
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