The other day, I did a podcast where I did a segment about Herman Cain and his 999 plan. Here is the transcription of what I said:
I like the plan. I’ll go ahead and endorse it right now. It’ll never happen, but I do like the plan. I like things that are simplified.
I don’t personally like filling out forms on end, and when you read the instructions, it says, “Based on our estimates, it should take 20 minutes to fill out this form, including getting your documents together.”
It’s like, “Okay. I guess it takes 20 minutes to fill out these forms in Fantasyland. Here on Earth…?” Maybe I should translate those instructions when I run across them LOL. When it says 20 minutes … you ever watch Star Trek II, where they talk about, “Minutes seem like hours, and hours days”? They were using some code to say we’ll be there in two hours, and they would say two days? I think that’s what’s going on with those instructions. When they say 20 minutes, they mean 20 weeks.
Anyway, I dig the 999 plan. I dig simplicity.
As far as whether it will raise enough revenue, no one really knows. How does that sound? No one really knows. That’s what I concluded.
All the experts out there, well, Bloomberg, right after the debate last week, said, “Well, based on 2010 numbers, the government raised 2.18 trillion dollars in revenues with the current tax code, and with the 999 plan, they would only raise 2 trillion dollars, so they would be 200 billion dollars short.”
It’s like, okay. When you’re talking trillions of dollars, what’s 200 billion dollars? I don’t really care, personally. [Ed. Note: In addition, given how the government can create $700 billion to bail out banks with the stroke of a pen, I don't take any cries of "Shortfall" seriously.] That’s number 1.
Number 2, You got Cain saying it’ll raise more money, you got Bloomberg saying it’ll raise less. You got a lot of people ripping the 999 plan, saying, “It’s gonna be terrible.” I just look at it and say, “No one really knows.”
Cain is saying, “Well, you’ve got your assumptions wrong. You’re not making the proper assumptions.” That’s what he’s saying.
I know where he’s coming from. He’s saying that, with the lower taxes, the economy will grow. I guess it depends on whether you believe it or not. The news is going by what the numbers actually were in 2010 and just plugging in the 999 and seeing what comes out. They are not assuming psychological factors, which are unpredictable. And I guess that’s my point. You can use the numbers from 2010, and come up with your own calculation, but since we don’t actually know? We don’t have a clue as to how will people will actually react, and how businesses will react to the 999 plan, and what effect that will have on the economy (and it will have an effect), we don’t know how it will go.
Republicans believe it will be positive. Democrats, I’m sure, believe it will be negative. You know, because we live in a binary political world: on-off, positive-negative, liberal-conservative. It’s a complicated real world, but in the political doublespeak world, everything is binary.
So, in the binary sheeple world, it’s either goo-o-o-o-d or ba-a-a-a-d. So, we gotta deal with that, right? We gotta look at this and make a decision.
Well, I’m making a decision. I’m telling you, no one knows. It’s unpredictable, but I like it. Not because, “It’s revenue neutral and it will definitely spur on the economy.” I could care less. I just want something that is simpler. There you go. Eat it, economists.
All you people, “Well, it’s not revenue neutral! We’re not going to bring in enough revenue into the government!”
Well, how about I don’t care? I just want something that’s simple. How’s that sound? Instead of having to fill out a hundred pages worth of forms, depending on your situation. Even if you’ve got a simple W-2 and it’s a very simple tax return, if you’ve got a child, now you gotta figure the child tax credit. You’ve got a mortgage, alright. What’s the mortgage interest? Before you know it, you’ve got three or four pages going, and you’re not doing anything! You’re not Donald Trump. You’re not doing crazy stuff. You’re just a regular guy, earning wages, but because you have a child, you got mortgage, you got this, you donate to your church, you know, and all of a sudden, you’ve got a stack of papers on your desk and you’re trying to figure out where to plug the numbers! It’s ridiculous! Can’t we just do something simple? People don’t have time for this!
Okay? That’s my reason. Okay? It’s not because it’s revenue neutral. I could care less! My point of view is it’s simpler and I suspect that’s the point of view of a lot of people who get these calls asking, “Who would you vote for in the Republican Primary?” And they’re saying, “Herman Cain,” because they’re looking at that 999 plan and they’re saying, “It’s simple. Thank you. Good night.”