Monday - He says there will be tax relief for poorer workers living or working in "empowerment zones."
Friday - He announces the 9-0-9 plan for workers at or below the poverty line, meaning that they don't pay the payroll tax. Change of plans, I guess. The benefits for business of empowerment zones, well that's still being worked on. (By the way, this website hasn't caught up yet either.)
Here's what I think: Herman Cain latched onto someone's economic plan. It sounded good in the echo chamber, but not so good out in the real world that contains 1) poor workers 2) noisy liberals in the media that will point out the plan's effect on poor workers.
So Cain conferred with his economic adviser, trying to alter the plan for the real world after the tour bus is on the road. Between Monday and Friday somebody pointed out that poor workers may live somewhere outside of an "empowerment zone." Cain, as a former poor child, should have known this already. Actually, everyone in this country should know this.
Soon we'll hear about problems with the 9-0-9 plan. I've got two already:
- How does the government know you're under the poverty line unless you file a tax return?
- If you're under the poverty line, you don't have any incentive to get slightly over the poverty line unless the income tax is phased in. So there be 9-1-9 plan, then 9-3-9 plan, etc?
Herman with his favorite focus group
1 comment:
Most jokes are only funny the first time you hear them. If you analyze the joke too closely, it's no longer funny, either.
"9-9-9" was originally a mildly amusing joke, and now it's not funny at all, just sad.
Simple isn't really simple at all, just simple-minded.
My suggestion is that all the folks who want their country based on this stuff buy a chunk of the country from the rest of us (helping to reduce our national debt in the process!!) and implement this stuff in a new country based on idiocy. (I think they made a futuristic movie like this, actually.) After they're done with their failed experiment in Right-wing excess and Libertarian foolishness, we can probably buy it back cheap, if we want it.
I suggest Alaska. We bought it only 150 years ago or so, it's only been a state for 50 years, and it isn't even connected to the rest of us. There also plenty of room. They can elect Sarah Palin queen, drill in Anwar to their heart's content, and charge tourist top dollar to visit the vanishing glaciers.
Price tag: $4 trillion.
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