An Essay on Republican Capitalist PhilosophyAn Essay on Republican Capitalist Philosophy3 years ago in Philosophical More Like This
I wrote this essay because Herman Cain's 9-9-9 plan is the most ill-conceived and potentially counterproductive economical plan I have heard in recent history. Not only that, it seems to embody everything that is wrong with the republican way of thinking. I'm going to explain my objections to this plan, and also touch on the broader issues of republican capitalist ideals.
For those of you who are unfamiliar, Cain's 9-9-9 plan is to limit income tax 9%, but introducing a 9% business transactions tax and a 9% federal sales tax. There's one crucial problem I immediately noticed, and to make it easier to see, I'll illustrate it with extreme examples from opposite ends of the spectrum.
Consider a poor person who barely makes enough to get by. He has to spend nearly 100% of his income because of his living expenses alone. Now consider a very wealthy person making $10,000,000 per year. He could be very frivolous and still