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11/12/11(Sat)10:47 No. 301896 9-9-9 is Phase 1 for Cain. The Fair Tax Act is Phase 2. The
Fair Tax Act is supported by Nobel winners, prized economists, research
institutes, and anyone else with half a brain. Herman Cain should get
your vote because he is the only candidate that supports the Fair Tax,
which would:>>Americans For Fair
Taxation states the FairTax would boost the United States economy and
offers a letter signed by eighty economists, including Nobel Laureate
Vernon L. Smith, that have endorsed the plan.[13] The Beacon Hill
Institute estimated that within five years real GDP would increase 10.7%
over the current system, domestic investment by 86.3%, capital stock by
9.3%, employment by 9.9%, real wages by 10.2%, and consumption by
1.8%.[49] Arduin, Laffer & Moore Econometrics projected the economy
as measured by GDP would be 2.4% higher in the first year and 11.3%
higher by the 10th year than it would otherwise be.[47] Economists
Laurence Kotlikoff and Sabine Jokisch reported the incentive to work and
save would increase; by 2030, the economy’s capital stock would
increase by 43.7% over the current system, output by 9.4%, and real
wages by 11.5%.[11] Economist John Golob estimates a consumption tax,
like the FairTax, would bring long-term interest rates down by
25–35%.[60] An analysis in 2008 by the Baker Institute For Public Policy
indicated that the plan would generate significant overall
macroeconomic improvement in both the short and long-term, but warned of
transitional issues.[51] -Wiki