[I]n modern language we think of "idiot" as someone who is stupid or a fool. That is not the classical meaning... An idiot is someone who cares only … - David Cay Johnston

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[I]n modern language we think of "idiot" as someone who is stupid or a fool. That is not the classical meaning... An idiot is someone who cares only about himself and has no regard for anyone else, and that's terribly important when you think about tyrants. ...[W]e think of tyrants as people who are horrible... oppressors. ...[I]n its classic historic meaning, tyrant was simply someone who ceased power.

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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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Whose society lasted 3,300 years? It was the [Egyptian] Pharaohs. ...They figured out through public works how to keep people busy and out of trouble, and every high-born Egyptian was taught... how far you can oppress people before they would strike back. ...[T]hey also learned one other lesson. You've all heard of the ?

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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.

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