Last week I put up a post with my thoughts about Herman Cain’s 999 tax plan. I wrote about how it would be very regressive and how the very rich who reap huge benefits if were enacted.

Yesterday on The View, Whoopi Goldberg asked Herman Cain how he would “get corporations to stop stuffing their pockets and actually look at the people that they’ve fired – the thousands of people that they’ve fired – and start rehiring and getting manufacturing going?”

He answered with this:

The first thing you do is you throw out the current tax code which creates too much uncertainty for the business community, and this is why I have proposed my “999″ plan. Very quickly, it imposes a 9 percent business flat tax, a 9 percent personal income tax, and a 9 percent national sales tax. It expands the base so everybody has a lower rate. And it is not regressive on the poor.

The good people over at Think Progress had Michael Linden, the Director of Tax and Budget Policy at the Center for American Progress run Cain’s 999 plan using 2007 tax data. Here’s what they found:

Cain’s 999 plan would have cut federal revenue in half.

Cain’s 999 plan would increase the lowest quintile’s federal taxes from about 2% to 18% (9% on every dollar earned plus 9% on every dollar spent – and they spend it all.)

(9% on every dollar earned plus 9% on every dollar spent – and they spend it all.) Cain’s 999 plan would raise taxes on the middle class from about 14% to about 18% .

. Cain’s 999 plan would reduce taxes on the top 1% from about 28% to about 11%.

So, just as I said before I had any numbers to back up my educated guess, taxes would go way up for the middle and lower classes, and taxes would go way down for the richest 1%.

I also implied that the middle and lower classes would be taxed enough to make up for the money the government would not be collecting from the rich. Wrong. Cain’s plan would not only take more from the middle class to stuff the pockets of the very rich, it would yield only half as much federal revenue as our current tax code. Our country would be bankrupt in no time.