We Need A Dollar As Good As Gold — Herman Cain, Wall Street Journal

A Gold Standard is to the moochers and looters in government what sunlight and garlic are to vampires

My 9-9-9 tax code replacement plan provoked enormous enthusiasm during my presidential campaign because it represents the largest transfer of power in the history of the republic. By instituting a 9% income tax, a 9% business tax, and a 9% national retail sales tax—and eliminating most of the remaining tax code (including the many hidden taxes built into the process of doing business)—we would simplify the system for everyone and rob politicians of their ability to use the code to manipulate economic activity.But why stop there? Washington thwarts prosperity through more than the tax code.

The present monetary system is an abysmal failure by any objective measure. As the former chairman of the Federal Reserve Bank of Kansas City, I can say with firsthand experience that it is not the people of the Fed, but the actual structure, that needs reform. Our liberty and prosperity depend on it.

Think of economic growth as the result of two gears operating together—low tax rates and sound money. When both gears are fully engaged, the economy moves forward. When the gears become disengaged, the middle class suffers. That’s why, as convinced as I am of the power of the 9-9-9 concept, we need sound money to go with it. Read entire article

 

   
Copyright 2012 by Ralph Benko and Charles Kadlec, Washington, DC and Laguna Woods, CA.
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