Visualizing Herman Cain's 9-9-9 plan to redistribute wealth from the poor to the rich
Maybe you've heard about Herman Cain's 9-9-9 plan for America: 9% sales tax, 9% income tax, and 9% corporate tax, and wondered how it would play out in the real world. Here's a chart that illustrates the answer neatly (click for full, farcically long-ass version): the poor will pay a little more (or a lot more, relative to their income), and the rich will pay a lot less, and the very rich will pay so much less that it takes 9403 vertical pixels to express how much they'll save.
(Thanks, Fipi Lele!)
9-9-9 in One (Really Long) Graph [jaredbernsteinblog.com]
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