Andrew Fieldhouse from the Economic Policy Institute argues that Herman Cain's 9-9-9 plan ‘only makes sense if you believe that the problem with the current tax code is that low- and middle-income households have it way too good, and they should give more of their income to those poor Americans making more than half a million dollars a year’.

Fieldhouse’s standpoint is backed up by some number-crunching conducted by The Daily, which shows that poorer families would indeed be worse off, while rich families would end up considerably wealthier.

For a family with an income of $35,000, and spending $15,000 on items subject to a national sales tax, the paper concludes that it would be $5,971 worse off under the 9-9-9 plan.

In comparison, a family with an income of $500,000 and spending $80,000 on items subject to a national sales tax, would be $100,236 better off under a Cain administration, while a family on $1million a year would be $228,787 better off.

Under Cain's plan everyone would lose their mortgage interest deduction, exemptions for children and the standard deduction, too.

And worse, everyone would still have to pay state income taxes (where applicable), state sales taxes and others such as excise taxes and fees.

It doesn't matter because such a horrible tax code could never pass. If it by some miracle did pass, we would have a bloody revolution.