November 17, 2011

Why the Establishment wants to destroy Herman Cain ~ Dr. Alveda King

Why the Establishment Wants to Destroy Herman Cain

By Dr. Alveda King

Published November 09, 2011 |

  There are two reasons the liberal media can't get enough of the Herman Cain smear campaign:

1. They would rather report unsubstantiated allegations and gossip than report the real issues, because talking about the real issues would not be in the best interest of the president.

President Obama is traveling around the country, proposing a stimulus bill that has already failed once. Instead of having an honest discussion about whether or not a plan that already failed once will fail again, the establishment would rather distract the American people with gossip.

The amount of time spent talking about this ridiculous smear campaign while the country is in an economic crisis, shows that the liberal media's agenda is not to keep people informed, but to keep people distracted from failed establishment economic policies.

2. The establishment is threatened by a strong conservative with such a large platform.

For many years, the Democrats have had a 90% stranglehold on the black vote. This is because many blacks feel that Republicans are racist and only care about the rich, while Democrats love them, give Blacks welfare, etc. When a strong, charismatic, BLACK conservative goes head to head with Obama, many blacks who have not yet done so will actually listen to both sides of the political argument.

They will hear Mr. Cain say that the entitlements given to them don't help the black community. When Mr. Cain says that welfare is statistically like a disease that is passed from generation to generation, that it promotes single mothers, that it promotes a culture of helplessness and government dependency, people will listen.

When Mr. Cain says I will give you opportunities to improve your quality of life: jobs so that you don't need government handouts to survive, that the government will teach people to fish rather than give them fish sticks…people will listen.

Mr. Cain would structurally change the voting demographic. There would be more black economic conservatives, and the Democrats would lose their stranglehold on the black vote. The establishment is threatened by that, so they will try to assassinate Mr. Cain's character, hoping he doesn't get the chance to go head to head with President Obama.

If the general election features two black men of opposing political views, and Black America hears an honest political debate, the establishment will lose a portion of their 90 percent stranglehold on the black vote.

Let me be very clear about what I mean when I say "the establishment." There are people on both sides of the aisle and beyond who are disturbed by Mr. Cain's unorthodox campaign. He rocks the proverbial boat so to speak. So, it's not entirely about party politics. So for the purpose for this discussion, "establishment" means resistance to truth from every sector.

The establishment, which includes the Obama camp is terrified of what Mr. Cain represents.

Herman Cain is the epitome of the American dream.....

If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.

"Rep. Kevin Brady (R-TX) questions witnesses at JEC hearing on Nov. 17"

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Vice chairmand of the Joint Economic Committee, Kevin Brady, questions experts during JEC hearing on the effects of the implementation of a fair tax and who would be impacted the most by that type of change to the tax system.

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If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.

How U.S. Tax Policy Affects Business Investment and Job Creation ~Dan Mastromarco - FairTax

 Testimony of Dan R. Mastromarco

Before the Joint Committee on Economics

on How U.S. Tax Policy Affects Business Investment and Job Creation

November 17, 2011


Dear Mr. Chairman and Members of the Committee:

Let me begin with an observation leading to a compliment. My observation? The debate over America‘s tax system is not about one problem. It is about a bundle of competing problems searching out competing solutions. Although all Americans share a fervent disdain for the tax system, they do so for many reasons. Before policymakers can make true progress in discussing the effectiveness of various alternatives in achieving reform goals, therefore, they must first agree upon the common issues reform is meant to address. Stated another way, they must decide ―what are the central problems with our current system?‖ before they can intelligently ask ―how well the ideas for reform address those problems?‖.

My compliment? The Committee insightfully titled this hearing ―

How American Tax Policy Affects U.S. Businesses.‖ Shrift was doubtless given to titling it ―Whether U.S. Tax Policy Affects Business.‖ U.S. Tax policy affects, and unfortunately disaffects business, in ways well beyond the tax expenditures purposely designed to affect that result.1 In short, our tax regime influences business from the cradle to the grave: whether or not to start a business, what business to start, how to organize it, where to locate it (here or abroad), how to fund and run the business, when and how to expand it, when to hire, when to terminate it and how to unwind it.

Over the course of the last 25 years, I have seen how tax policy affects business from many angles: as a practitioner, an advocate, a federal prosecutor, an adjunct professor, an author of treatises and a book on the policy process, and as a Congressional counsel. And from these differing perspectives, I cannot help but see the discouragement of many economists whose voices of reason are ignored; not so much because they are discordant, but because they are drowned out by the deafening din of lobbyists. Our tax system has in a nutshell devolved into an unholy trinity of lobbyists, industry seeking relative advantage and Members who seek campaign contributions, all of whom would sacrifice at the altar of a public auction our national prosperity for relative advantage.

The good news is that Tax reform is coming. It is a tide that if resisted by this Congress will be passed by their replacement. But the bad news is that the direction of tax reform remains to this day uncertain. What will reform look like? What are the criteria by which reform will be adjudged? Will reform be accomplished in name only, to leave to another generation the ultimate fix when the economy has worsened?

Understanding how we have gone astray is as easy as hearing the central chorus of economists. They will tell you that the critical maladies of our current system are three-fold:

its complexity, prolixity and crushing compliance costs;

its high marginal rates which trample productive income, stifle growth, job creation and wages;

an anachronistic international tax system that is self-flagellating.

And many will tell you, as I will today, that the solution to this crisis is a consumption tax that makes the taxes we pay visible, ensures all Americans are stakeholders, is neutral as to savings and investment, lowers marginal rates, reduces compliance costs and removes the anti-competitive nature of our non-border adjustable extraterritorial tax system. The best of these is the FairTax, which stands in such stark...

If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.