While the media has been giving a considerable amount of scrutiny to Herman Cain’s nonsensical online-only campaign video this week, not much attention has been given to the newly released addition of his 9-9-9 plan that would create Third Reich-esque ghettos “opportunity zones” for people living below the poverty line. How unfortunate that this is so quickly forgotten:
Republican presidential hopeful Herman Cain on Friday redefined his tax plan to exclude the poorest Americans and to allow some deductions, abandoning the zero-exemption feature of his “9-9-9″ proposal that helped win headlines but would have meant a tax increase for 4 out of 5 Americans.
After sharp criticism over his one-size-fits-all plan from Republicans and Democrats alike, Cain proposed no income taxes for Americans living at or below the poverty line. He also proposed exemptions for businesses investing in “opportunity zones” as a way to give an economic jolt to rundown neighborhoods such as the one he visited in hard-hit Detroit.
Standing in front of a massive abandoned train depot with broken windows and barbed wire, Cain blamed regulation for the crumbling of the nation’s cities.
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Yet many of Cain’s proposals for sites such as this one were likely to earn him more skeptics.
Cain’s plan suggested minimum wages block low-skill workers from finding work and proposed that they be eliminated in already struggling areas. His plan also suggested that building codes and zoning in such areas should be reviewed; if businesses can make a case the regulations are hurting the economy, they may qualify for waivers.
You see, because the original 9-9-9 plan would be more burdensome for the poor than our current tax code, Cain would like to create incentives for low-income households to move to geographically located “opportunity zones” where they would be excluded from having to pay income tax and be able to live and work in de-regulated squalor. Or in short: let’s round up all the poor people and shove them into an already undesirable area of a city.