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[B]ecause labor returns have gone down there's not enough ... to buy goods and services. ...The next thought should be ...capitalists will change bec… - David Cay Johnston
" "[B]ecause labor returns have gone down there's not enough ... to buy goods and services. ...The next thought should be ...capitalists will change because people have to buy their products. No, if your a global level capitalist, it doesn't matter. As long as there aren't riots in the streets, you can sell your goods in other countries.
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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).
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Birth Name:
David Cay Boyle Johnston
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DC Report
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Additional quotes by David Cay Johnston
Workers may toil their entire lives, communities may tax themselves to create infrastructure a corporation needs, and vendors may invest their entire fortune to supply the corporation—but none of these parties, Friedman said, has significant legal rights or moral claims. [T]he idea... was not supported by the development of the law, the regulation of business and the advancement of civilization over thousands of years. But... Friedman's ahistorical thinking has come to dominate...
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Corporations are good things. They encourage people to take risk. They're smart vehicles for building wealth, but they also have to be controlled. ...[T]he reason is, they are soulless entities. A corporation has no morals and its purpose is to make money. ...If we have to induce diabetes in millions of children by getting them to drink sugary soft drinks and eat too many french fries and greasy hamburgers, [corporations will] do that.
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