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He appoints as his commerce secretary one of leading s in America, Wilbur Ross, whose specialty is seizing a company that's run out of cash, recapita… - David Cay Johnston
" "He appoints as his commerce secretary one of leading s in America, Wilbur Ross, whose specialty is seizing a company that's run out of cash, recapitalizing it. You don't pay the bills you owe... (something that Donald Trump never heard of). You borrow new money (something Donald Trump certainly has heard of) then you squeeze the borrowed money out and put it in your own pocket, and you turn the zombie [company] loose until it dies.
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About David Cay Johnston
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
Also Known As
Birth Name:
David Cay Boyle Johnston
Alternative Names:
DC Report
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Additional quotes by David Cay Johnston
Congress lets business owners, investors and landlords play by one set of rules, which are filed with opportunities to hide income, fabricate deductions and reduce taxes. Congress requires wage earners to operate under another, much harsher set of rules in which every dollar of income... is reported to the government, and taxes are withheld... to make sure [they] pay in full.
Donald Trump has been involved with the Russians back to 1983. He has worked very hard to suppress a lawsuit about a quarter billion dollar tax fraud which he authorized. ...DCReport.org, the nonprofit news service that my friends and I started ...is in court trying to get access to some of the documents in this case that have been sealed, because Trump has been incredibly successful in hiding the record of his conduct.
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