David Cay Johnston Quotes

Usury laws that protected consumers against rapacious lenders existed until 1978. Now they are gone because of a Supreme Court decision. ...[O]ur government has set forth onerous new rules that reward those who prey on the poor. ...These lenders, or their fronts, can now charge rates and impose penalties that were illegal, even criminal, a generation ago.

The purposes of our country were written down for us in the Preamble of the Constitution, the justice, the general Welfare with a capital "W", common defense, domestic tranquility, liberties... Nothing in the Preamble talks about getting rich. That's a byproduct of these other things. But we have gotten a distorted view of what's happening, and we also... are now at the point where we have 33 years of evidence that Reaganism produces actually exactly what Ronald Reagan said in 1980, if you listen carefully... It's made the rich richer. Now it's doing it at the expense of the 90%.

[T]he rules we've set in our society are redistributing incomes up. Our national myth is that we have this socialism policy that redistributes down. The reality of the data is that we are redistributing up, and... we don't have trickle-down economics... we have Amazon [river] up.

The most important period determining your lifetime health and emotional well being, and therefore you ability to get along, is from conception to about the first 6 months of your life. We pay very little attention to that. We give women in this country 6 weeks of disability, and they may use several other at the end of their pregnancy, so little babies... are not getting enough nurturing. In some of the European countries you are required to take a year off, and it's a violation of the law... to hold a job when you have a small child, because these societies recognize that we have a long-term interest. So just as we're using up our infrastructure by not fixing up roads and bridges and dams and pipelines, we are also stealing from the future by not nurturing and providing proper care for small children. ...[T]here will be a price, and it will be very high.

In just a third of a century, the widespread liquidity that nourished the economy—reliable streams of cash going to workers and owners alike—has... dried up.

Martin Luther King Jr. said he had a dream that one day his four children would be judged by the content of their character, not by the color of their skin. ...Today we often value people less by their character than by the contents of their wallet. ...The pursuit of ever more financial zeros... has... produced a moral breakdown... twisting our culture and our values in ways that tear at the fabric of our society.

For almost three decades corporate profits have been growing one third faster that corporate taxes.

Wyoming Corporate Services... for a fee, will create a company, set up a bank account, appoint officers and directors... provide a lawyer as a corporate director so the company can invoke attorney-client privilege... [and] make any required regulatory filings... without anyone being able to ascertain, without a court order, who is behind any corporation it creates.

To the addicted, money is like cocaine: Too much is never enough.

He appointed as chief executive of his campaign, and, later, White House strategy chief, Steve Bannon, a known anti-Semite who, in his time at Network, published racist articles and bizarre conspiracy theories...

The rich and their lobbyists have taken firm control of the levers of power in Washington and state capitals while remaking the rules in their own interest. They have also imbued private organizations with the power to make rules that few outside the process understand. These same people... [are] the primary source of campaign donations that put politicians in office and keep them there.

One of the things that changed was [that] the institutions that supported working people have been decimated. ...[T]he Democrats, the party of the working people, played a role in this. They allowed the weakening... of unions. They bought the argument that unions are bad for companies.

Since the imperfect rules of the marketplace actually reward dangerous risk taking, the only thing that could prevent this lethal gamble is effective government regulation.

The super rich... largely control what the government knows about their incomes. And their friends in Congress have slashed budgets for inspecting the tax returns...

Trump is desperate for others to fill the void inside himself. He has a sad need for attention and, preferably, public adoration.