During an interview on the FOX Business Network’s Cavuto: Coast to Coast, former presidential candidate Herman Cain said the notion that the wealthy in America simply pass their wealth down to family is a “false argument.”
Continue Reading Below
“They don’t just pass it on to their relatives,” he said. “They build businesses which creates jobs. They invest which creates jobs. And here’s something they fail to remember when you talk about who’s going to benefit. Too many people in this country have to sell the farm to save the farm. Too many people have to sell the business to save the business.”
Cain, who ran for president in 2012 and previously served as President of Godfather’s Pizza, weighed in on Donald Trump’s economic plan, which the Republican presidential nominee announced on Monday, calling the plan “bold.”
“I didn’t expect the corporate [tax] rate to go as low as 15%-- that’s bold,” Cain said. “Now, whether or not he’s able to get all of that through that’s another thing, but I think it’s bold. And for all the naysayers out there who want to find ways to criticize the plan—of course you can find something to criticize it for—but in terms of will it work, look at the decade of the 60s, look at the decade of the 80s. That’s all the proof we need.”
He also commented on Hillary Clinton’s policies.
“She’s only going to appeal to emotions. I doubt if we hear one statistic similar to what’s in Trump’s plan from what she has to say. It’s going to be all appealing to people’s emotions, the narrative that they’ve been using for decades, hoping that a lot of people will fall for it. But the good news—a lot of people are waking up to this narrative.”