I have four items for my write-up today on This Is Herman Cain.
On pages 152-153, Herman Cain says that the 39 percent of Americans who
approve of Barack Obama's job as President are not informed voters. I
really did not care for this statement. For one, a person can be
informed about current events and have political positions contrary to
those of Herman Cain. Second, there are similarly people on the Left
who say that people on the Right are uninformed, and, in my opinion,
such an attitude (on both sides) is arrogant and condescending, and it
does not advance political discourse. And third (to somewhat contradict
my second point), Herman Cain should be able to articulate a coherent understanding of Libya before he accuses anyone of being uninformed (although Cain probably knows much more than I do about a variety of issues).
I enjoyed what Herman Cain said about the Ron Paulites who disrupt his
appearances. On page 154, he says: "I get the same stupid question
[about auditing the Federal Reserve from Ron Paulites] at almost every
one of these events. How can a person randomly show up at a hundred
events and ask the same stupid question to try to nail me on the Federal
Reserve? It's really becoming annoying more than anything else." Lol!
Chapter 12 is entitled "The Cain Administration: The First Ninety
Days". Cain says that he won't have too many A-list celebrities at
"state dinners and other important occasions" but rather will eat with
average Americans. Populist, Andrew Jackson style. I like that!
4. On page 172, Cain proposes eliminating the capital gains tax:
provide increased access to capital and incentivize companies to invest
in worker training programs, new equipment, and emerging technologies,
we must eliminate taxes on capital gains and their dividends. The
capital gains tax represents a wall between people with money and people
with ideas. And people with ideas are the catalyst for new businesses
and new job growth. This is particularly true in the very important
technology sector, where experience shows that new technology
investments are the largest beneficiaries of reductions in capital gains
I'll probably demonstrate that (on some level) I am the
sort of uninformed voter whom Herman Cain criticizes (see Item 1), but I
do not entirely understand what Cain is saying about capital gains. This article says that the capital gains tax is on "any money we make from the sale of stocks, real estate and other capital assets." This wikipedia article
says capital is what is used to produce goods and services. Is Cain's
idea that a person will be more encouraged to sell stocks, real estate,
and capital if he did not have to pay the capital gains tax on the money
he makes from selling them? Then, the buyers create jobs as they use
the capital they have bought? Are "the people with money" the
buyers of the capital, whereas "the people with ideas" are the ones
developing and selling the capital----which means that eliminating the
capital gains tax will encourage them to develop the capital because
they'd make a larger profit off of selling it?