The simpler it is, the clearer the message, the more successful you will be.
~ successful Brisbane Roar Football (Soccer) coach Ange Postecoglou on Sport Insiders
The same principles seem to apply to running a football team, a corporation or the national economy — which is why Herman Cain’s 9-9-9 plan shows a clear grasp of what is needed.
WSJ interview with Herman Cain:
[gigya src=”http://s.wsj.net/media/swf/VideoPlayerMain.swf” width=”512″ height=”363″ quality=”high” wmode=”transparent” allowFullScreen=”true” flashVars=”videoGUID={C0F27595-4101-4E21-83A0-A65A8C53D4F0}&playerid=1000&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false”]
His plan ticks many of the right boxes:
Consumption taxes are often seen as regressive — because everyone pays the same rate — but can easily cater for the poor/unemployed through food stamps and/or changes to unemployment benefits. The worst thing is to create an administrative nightmare with a two-tier system where some items (e.g. basic food or medicines) are exempt from the tax.
