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Herman Cain's Hidden Nine

- Peter Schiff - Euro Pacific Capital

If 6 (Obama) turns out to be 9 (Cain) I don't mind... (Hendrix). I do. Cain's Chilean Social Security is bad business. Without some plan though his 9 9 9 is gratuitous rip off of impoverished people. If 70+% of Americans can't raise $2K in 2 months, after Cain, 80+% won't ever retire. Cain's platform essentially says, here, for the cost of a lollipop, we will remove your claim (which was essentially contribution based) on us (the government) regards providing you future social security. We have our reasons. Evidently. But America needs better at this time. This is a business arguement even if the purpose was just to gut social security let alone if next government sought to fully leverage work based entitlement/benefit. The question degrades to could an unladen swallow have carried that coconut? This is good humor but not effective policy.

Commented 4578 days ago

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Beginning of the headline : Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative.While I don't agree with the full spectrum of Mr.Cain's policy choices, I applaud his courage on the tax front... Read More

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