Herman Cain's DANGEROUS idea

His 9-9-9 plan concedes that there should be both an income tax (9%) and a national sales tax (9%) (and that 3rd 9 is the corporate tax)!!

I don't want any of these taxes, but if we can completely eliminate the income tax, and we want to REPLACE it, I think economically the national sales tax is the least distortionary. The primary question would be to address the regressive nature of a flat sales tax (maybe they can allow for the poorest to not pay, or not tax on food and other essentials).

To support a national sales tax (or a VAT- even worse!) ON TOP of the income tax is to accept complete tyranny. What would stop the government from raising the rates? In that case, the government could raise both the income tax rates and the sales tax rates. Adding taxes without eliminating taxes is a horrible, HORRIBLE idea.

See my former post on Herman Cain and his time at/stance of the Federal Reserve System.