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Post by OLKoot on Sept 30, 2011 5:41:58 GMT 12.75
What you may not know about Herman Cain, who is running for >> president.... >> >> >> >> He’s not a career politician (in fact he has never held political >> office). He’s known as a pizza guy, but there’s a lot more to him. >> >> >> >> He’s also a computer guy, a banker guy, and a rocket scientist guy. >> >> Here’s his bio: >> >> a.. Bachelor’s degree in Mathematics. >> b.. Master’s degree in Computer Science. >> c.. Mathematician for the Navy, where he worked on missile >> ballistics (making him a rocket scientist). >> d.. Computer systems analyst for Coca-Cola. >> e.. VP of Corporate Data Systems and Services for Pillsbury (this >> is the top of the ladder in the computer world, being in charge of >> information systems for a major corporation). >> All achieved before reaching the age of 35. Since he reached the top >> of the information systems world, he changed careers! >> >> a.. Business Manager. Took charge of Pillsbury’s 400 Burger King >> restaurants in the Philadelphia area, which were the company’s poorest >> performers in the country. Spent the first nine months learning the business >> from the ground up, cooking hamburger and yes, cleaning toilets. After three >> years he had turned them into the company’s best performers. >> b.. Godfather’s Pizza CEO. Was asked by Pillsbury to take charge >> of their Godfather’s Pizza chain (which was on the verge of bankruptcy). He >> made it profitable in 14 months. >> c.. In 1988 he led a buyout of the Godfather’s Pizza chain from >> Pillsbury. He was now the owner of a restaurant chain. Again he reached the >> top of the ladder of another industry. >> d.. He was also chairman of the National Restaurant Association >> during this time. This is a group that interacts with government on behalf >> of the restaurant industry, and it gave him political experience from the >> non-politician side. >> Having reached the top of a second industry, he changed careers >> again! >> >> a.. Adviser to the Federal Reserve System. Herman Cain went to >> work for the Federal Reserve Banking System advising them on how monetary >> policy changes would affect American businesses. >> b.. Chairman of the Kansas City Federal Reserve Bank. He worked >> his way up to the chairmanship of a regional Federal Reserve bank. This is >> only one step below the chairmanship of the entire Federal Reserve System >> (the top banking position in the country). This position allowed him to see >> how monetary policy is made from the inside, and understand the political >> forces that impact the monetary system. >> After reaching the top of the banking industry, he changed careers >> for a fourth time! >> >> a.. Writer and public speaker. He then started to write and speak >> on leadership. His books include Speak as a Leader, CEO of Self, Leadership >> is Common Sense, and They Think You’re Stupid. >> b.. Radio Host. Around 2007—after a remarkable 40 year career—he >> started hosting a radio show on WSB in Atlanta (the largest talk radio >> station in the country). >> He did all this starting from rock bottom (his father was a >> chauffeur and his mother was a maid). When you add up his accomplishments in >> his life—including reaching the top of three unrelated industries: >> information systems, business management, and banking— >> >> >> >> Herman Cain may have the most impressive resume of anyone that has >> run for the presidency in the last half century. >> >>
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Post by Paws on Oct 14, 2011 3:23:07 GMT 12.75
Looks to me like he beats every previous President hands down! ;D Where did you find this stuff?
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Post by OLKoot on Oct 14, 2011 17:27:37 GMT 12.75
It was sent to me awhile back....Thought it was worth posting....After I read that, poor Cain became the new "Uncle Tom"
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Post by Paws on Oct 15, 2011 1:01:51 GMT 12.75
This man deserves more than a 2nd look seems to me. He actually sets out to achieve something and gets it done. Kind of reminds me of Reagan. ;D
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Post by OLKoot on Oct 15, 2011 3:04:44 GMT 12.75
Yes sir!!, Perry's a lost soul me thinks while the only guy with federal experience Newt Gingrich is making a surge.....
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Post by Paws on Oct 15, 2011 4:07:53 GMT 12.75
I'm not too sure about Newt. Seems to me he talks too fast.
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Post by Jerry on Oct 16, 2011 1:55:43 GMT 12.75
I like Herman Cain, except for one thing: His 9-9-9 plan. Why?
Because, the 9-9-9 plan would be very bad for my family (if my calculations are correct).
I am fully retired on my military retirement and social security. My wife has never worked. Since we are below the threshold, my social security is not taxed. We currently pay about $50 per month after exemptions and deductions (we take the standard deduction and my wife gets an extra partial deduction for being legally blind). Under the 9-9-9 plan, if there are no more exemptions and deductions, we would be paying about $230 per month in income taxes not counting the additional sales tax.
So, if my calculations are correct, then this would be a great plan for those in the upper income brackets but would be devastating to me and those in the lower tax brackets. His plan is simple, but my situation is simple: We just cannot afford an increase of $180 per month in income taxes.
I trust my calculations and understanding of this are somehow incorrect.
By the way, any tax plan will have to make it through Congress. This may be more diifficult than one might think.
At any rate, I like Herman Cain, but am concerned about paying higher taxes - Kathy and I barely make it now.
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Post by Jerry on Oct 16, 2011 1:56:42 GMT 12.75
By the way, I support ANYONE over Obama!!! ;D ;D
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Post by OLKoot on Oct 16, 2011 3:41:41 GMT 12.75
Jerry, both my wife and myself are in the same boat being on Social Security,while I get a little off compensation...All I can say is something has to be done with the tax structure...I'm hoping they don't hit our little stipend as it would hurt us also.....Social Security has been taxed for awhile already which I do feel is a crime,while its been two years since we got a cost of living raise and it doesn't look like we're getting one again for 2012.....They just love to rape seniors, and its common knowledge that these SOB's have been stealing from Peter to pay Paul since its inception....Its bad enough that this SOB POTUS is stealing millions fro Social Security to help pay for half his freakin health plan....
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Post by Paws on Oct 16, 2011 5:15:45 GMT 12.75
I like Herman Cain, except for one thing: His 9-9-9 plan. Why? Because, the 9-9-9 plan would be very bad for my family (if my calculations are correct). I am fully retired on my military retirement and social security. My wife has never worked. Since we are below the threshold, my social security is not taxed. We currently pay about $50 per month after exemptions and deductions (we take the standard deduction and my wife gets an extra partial deduction for being legally blind). Under the 9-9-9 plan, if there are no more exemptions and deductions, we would be paying about $230 per month in income taxes not counting the additional sales tax. So, if my calculations are correct, then this would be a great plan for those in the upper income brackets but would be devastating to me and those in the lower tax brackets. His plan is simple, but my situation is simple: We just cannot afford an increase of $180 per month in income taxes. I trust my calculations and understanding of this are somehow incorrect. By the way, any tax plan will have to make it through Congress. This may be more diifficult than one might think. At any rate, I like Herman Cain, but am concerned about paying higher taxes - Kathy and I barely make it now. Haven't looked at it yet. Just heard about it. Anything that would approach a standard rate I would go for of course with a threshold. Something like a fifteen percent tax rate on all income over say $20,000.00.
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Post by Paws on Oct 16, 2011 6:59:07 GMT 12.75
If this is accurate is bit clear: Our current economic crisis calls for bold action to truly stimulate the economy and Renew America back to its greatness. The 9-9-9 Plan gets Washington D.C. out of the business of picking winners and losers, using the tax code to dole out favors, and dividing the country with class warfare. It is fair, simple, transparent and efficient. It taxes everything once and nothing twice. It taxes the broadest possible base at the lowest possible rates. It is neutral with respect to savings and consumption,capital and labor, imports and exports and whether companies pay dividends or retain earnings. •9% Business Flat Tax ◦Gross income less all purchases from other U.S. located businesses, all capital investment, and net exports. ◦Empowerment Zones will offer deductions for the payroll of those employed in the zone
Problem! This facet is not neutral. In fact it provides incentive for off shore investment in US companies to a greater degree. It may increase jobs but sends produced commodities offhore to foreign buyers who may consume them or repackage them for return to US markets once demand has risen sufficiently to warant expected/required profit margins. The "empowerment zone" concept magnifies this potential. I'm afraid that this form of incentive is more incentive for foreign take over of US property than it is an incentive for US development of down trodden or financially strained businesses or an encouragement to build new jobs. - Foreman •9% Individual Flat Tax. ◦Gross income less charitable deductions. ◦Empowerment Zones will offer additional deductions for those living and/or working in the zone. This is assenine! This would indeed create jobs along with the very high probability of defaulted loans for funds to build factories and new homes near them for workers who are out of work. I see two problems: (1) the money supply (2) investing in speculative ventures for goods going overseas because that is is the incentive guided in the first point - Foreman •9% National Sales Tax. ◦Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher. I'm not sure what he is talking about here. Is he eliminating State income taxes? FETs or what? I'm not at all sure. If it isn't eliminating something then it is indeed an add on because the manufacturer will push it down the line to the consumer. That's life and how it is done. - Foreman •Economic Impact ◦According to former Reagan Treasury official Gary Robbins, of Fiscal Associates, the 9-9-9 Plan will expand GDP by $2 trillion, create 6 million new jobs, increase business investment by one third, and increase wages by 10%.
I'd have to see these numbers for myself. - Foreman
9-9-9 Plan: Summary •Removes all payroll taxes and unites all tax payers •Provides the least incentive to evade taxes and the fewest opportunities to do so •Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc… •Is fair, simple, efficient, neutral, and transparent •Ends nearly all deductions and special interest favors •Features zero tax on capital gains and repatriated profits •Exports leave our shores without the Business Tax or the Sales Tax embedded in their cost, making them world class competitive. Imports are subject to the same taxation as domestically produced goods, leveling the playing field. •Lowest marginal rates on production •Kills the Death Tax •Allows immediate expensing of business investments •Eliminates double taxation of dividends •Increases capital formation which aids capital availability for small businesses •Increased capital per worker drives productivity and wage growth •Features a platform to launch properly structured Empowerment Zones to renew our inner cities •The pro-growth, pro-job, pro-export economic policies of the 9-9-9 Plan equals a strong dollar policy
Phase 2 – The Fair Tax
Amidst a backdrop of the economic renewal created by the 9-9-9 Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax. •Ultimately replaces individual and corporate income taxes •Ends the IRS as we know it and repeals the 16th Amendment
For me the whole package would need to include abolition of all forms of income and sales taxes. It would need to assure that employee/retirement benefits such as medical dental optical etc are not included as income. As a matter of fact retirement income in all forms needs to be excluded from taxation. A level playing field or exclusion of food, clothing, medical, dental,communication, telephone, television, radio, internet and transportation fuels must also be excluded from taxation. - Foreman
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Post by Toby Benoit on Oct 16, 2011 19:14:02 GMT 12.75
N-I-G-G-E-R
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Post by Paws on Oct 16, 2011 20:33:20 GMT 12.75
N-I-G-G-E-R Now you can't say that cause the man isn't worthless. He has done well for himself, better than most of us and accomplished what he sets out to do. I need to know more about him before I make that label for him.
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Post by Paws on Oct 16, 2011 22:29:05 GMT 12.75
Yeah after looking at this I think that a simple flat tax rate of a given percentage applied to all sources of income above an established level would work much better than our current progressive crap. This along with the elimination of all other forms of sales and income taxes would work well and virtually eliminate IRS. For the other parts of the 9 9 9 plan to satisfy me there would need to be barriers set up against foreign investment, foreign property ownership and re-manufacturing and return/resale of US goods and services. Targeted zones need to be qualified, defined, and selected totally at random. Funding needs to be tightly capped for the first itteration and future itterations funded through re-paid monies resulting from successes and satisfaction of loans supplied or guaranteed by public dollars. A true stimulus incentive and given every opportunity for success or failure on its own merit.
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Post by Paws on Oct 17, 2011 6:48:48 GMT 12.75
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Post by Jerry on Oct 18, 2011 10:44:53 GMT 12.75
I was wrong about Cain's 999 plan. Social Security and retirement will NOT be taxed. So, this may be better for seniors after all.
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Post by OLKoot on Oct 18, 2011 11:54:06 GMT 12.75
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Post by Paws on Oct 19, 2011 7:35:43 GMT 12.75
Not to change the subject but has anyone noticed that there have been no pay raises for the government or military since Obama took office until next January in election year? I just adore politicians.
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Post by Toby Benoit on Oct 19, 2011 16:46:13 GMT 12.75
He's still a Nig, whether folks like it or not, ger. I don't care how well he's done for himself, I do not and will not trust the guy...
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Post by OLKoot on Oct 19, 2011 17:00:55 GMT 12.75
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