I seriously doubt that Herman Cain has any chance of winning the GOP nomination, and is the flavor of the month, as Republicans thrash about desperately looking for anyone but Romney. But since the main stream media seldom calls Cain on his lies, and since the Republican Party is unpredictable, because they sowed the wind and are now reaping the whirlwind, lets take 999 apart.

The centerpiece of former pizza czar Herman Cain’s presidential campaign is his “999″ plan, which would slash taxes on the wealthy, drive up deficits to the worst point since World War II, and force low-income Americans to pay a massive nine times their current tax rate. In an interview this morning with CNN’s Candy Crowley, Cain even said food and clothing would not be exempt from the 9 percent national sales tax he would put in place if elected president. Indeed, he said it would be “fair” for a poor person to pay as much in sales taxes as Crowley does… …Watch it: Because he says his plan would lower the income tax for some Americans — and, by his calculations, leave people with more money to spend — Cain seems to think his plan would leave low-income Americans with more money. He is wrong. Presently, the bottom quintile of earners pays about 2 percent of their income in federal taxes. Under Cain’s plan, their taxes would increase all the way up to 18 percent… [emphasis added]

Inserted from <Think Progress>

Let’s look at a typical minimum wage earner. The Federal minimum is $5.25 per hour or $903 per month. Under the current system that worker pays no Federal income tax, but does pay a 6.2% social security premium so that leaves $847. Subtract from that state income or sales tax. A person cannot live on that.

Under the 999 plan, the worker still pays for social security and pays a 9% income tax of $81, leaving $766. On that $766 the worker pays a 9% sales tax of $69, leaving $697. Subtract from that state income and sales tax. I dare Cain to try to live on that!

What Cain’s plan actually does is takes at least $150 per month from each of America’s working poor, and provides a huge tax break for millionaires, billionaires and corporate criminals.

Another consequence of Cain’s 999 plan is to cut the federal revenue stream by approximately 50%, putting our nation into bankruptcy.

999 is InsaniTEA.

Correction: I miscopied the federal minimum wage. It is $ 7.25, still not enough to live on.