David Cay Johnston Quotes

When this country was founded, there had only been 7 corporations... in the... old British colonial United States, at the time of the Declaration of Independence. Six of them were what today we would either call a charity or a utility. ...One corporation, created in the colony of New Haven, was set up solely to make profit. It was such a scandal they had to shut it down within a year and it took 10 years to clean up the mess. The Founders disliked and distrusted corporations. But they believed in collective bargaining, and I can prove that because in 1792 Congress passed the first significant labor law and subsidy law. It was to benefit the cod fishing industry. We got a quarter of our foreign earnings from cod and we were deeply in debt from... the Revolutionary War. So it was important we had foreign earnings. ...[T]o address ...harassment by the British Navy the cod fishing industry wanted a subsidy, and Thomas Jefferson ...ordered a study and concluded that those ships that only paid wages to their fishermen should be excluded. But if... the workers were paid partly in the share of the profits... then you got the subsidy, and 5/8 of the subsidy went to the workers and 3/8 to the company. ...[T]hat sounds a lot like collective bargaining.

There is a movement to repeal the Fourteenth Amendment. When the US Supreme Court clerk, who was the former president of a railroad, announced that the corporations are people for purposes of defending their property... That makes sense, because a corporation is property. But Chief Justice Rehnquist, in a dissent in a case called Bellotti vs. ...Bank of Boston, was clearly opposed to the idea of giving political rights to corporations. We are now on the verge, in the Hobby Lobby case, of giving religious rights to corporations. Who's a corporation prey to, Mammon? So we've very much veered off from what was intended.

[I]f Reaganism worked, if Bush's tax cuts worked, America today would be swimming in jobs. That's what we were promised. It would lead to all this investment and all these jobs. Instead, it's led to this enormous concentration of wealth among people who could never consume that much wealth, and who now increasingly are putting it into financial products, rather than investing it in ways that will grow the economy. ...[W]e're socking it away ...American corporations, under a rule almost nobody knows about ...are limited in how much cash they can hold, unless they move it overseas. ...[O]nce you move if overseas they can have ...unlimited amounts of cash, and what have we seen happen? ...Corporations have almost 3 times as much cash overseas as they have at home, and they then take that cash and buy US treasuries. So we pay big corporations to not pay their taxes. ...The interest they will earn from the treasury will exceed the value of the tax, and we will collect 40 cents on the dollar or less of the actual tax. ...Literally it has become a profit center ...

Adam Smith, in his lessor known book, , says that the greatest corruption of our moral sentiments is a tendency to almost worship the rich, and to hold in bad regard people who are poor. ...[O]ur politicians reflect this, even though many of them will tell you... how religious they are. ...[T]hey obviously have not studied their religious texts because, if they did, they would know that (in the case of the Christians, for example) you are supposed to give all that thou hast to the poor. That's a standard I'm not willing to meet, but that's the standard that you are supposed to meet... It's certainly not to be mean and literally deny hungry children food.

John Adams... wrote that his fear... of what would destroy America was a business aristocracy would arise. Instead of people being yeomen farmers who owned their own land, or workers who owned their own tools... workers would be mere wage earners, and... not being truly independent, would vote for the policies that benefit the business aristocracy, and we would lose both our liberties and our democracy... a good indicator of what's going on right now.

The number one driver of this is campaign finance. The reality is, if you or I got elected to Congress, we would have to spend our time dealing with wealthy people who want favors from the government. There are over 100,000 people in America who's job is to mine the public treasury, or the rules, for their benefit. ...So we've got to change campaign finance... in a way that this Supreme Court, with the radicals on it, can't knock down.

Rather than building the economy for all of us, we are mining the bottom to benefit the top.

We are mining the 90% to benefit the super rich.

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%.

There's a big attack going on in this country on public education. One of the Koch brothers... publicly advocated ending public education, because that's socialism. ...[I]n Wisconsin we saw people call kindergarten teachers thugs. Something I would never have imagined when I was young... [I]t's because we've gone through a fundamental change. We've been living under Reaganism now since 1981, and in Reaganism we worship money, and our measure of the country is money.

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.

[W]e have the highest percentage of children who go to bed hungry of any modern country. You wouldn't know from reading the news or watching TV that America has a hunger problem, that all across America we have communities, in the country, in the suburbs, in the city, where volunteers send home backpacks full of food for families on the weekend, because otherwise these kids would not eat.

[W]e've had this tremendous weakening of the news media, so that [many] large federal agencies... have no beat reporters... covering them. We have city councils and school boards all across America that get no coverage... and this is terrific for those people who are getting rich by exploiting the rules of the system for their benefit; and you're not hearing about that.

[I]n 1968... most journalists were blue collar intellectuals. Today the newsrooms of the major news organizations are full of people who grew up in wealthy households. So... their attitude... is "The world seems to be doing just fine. It's quite just." ...because that's their life's experience.

Everything has rules... The rules that we set really determines who benefits and who bears the burden. ...[W]e have all of these policies ...that largely determine what's happening. ...[I]n America... we live in a society... where coming out of the Great Recession, a third [33%] of all increased income through 2012 went to the top 16,000 households, that's the 1% of the 1% [1 out of 10,000], 95% of that income went to the top 1%, and the bottom 90 per cent's income actually fell... to the level of 1966... [T]hat happened because the government rules, in many ways, from who gets access to quality education, to who gets proper health care, to incarceration policies, are shaping what's happening to our society.