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[E]lectric and gas utilities in more than twenty states have... quietly obtained government approval to make customers pay in advance for new or upgr… - David Cay Johnston
" "[E]lectric and gas utilities in more than twenty states have... quietly obtained government approval to make customers pay in advance for new or upgraded facilities. It is as if... everyone has loaned them the money at zero percent interest.
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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
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DC Report
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Additional quotes by David Cay Johnston
That hotel... in Trump organization filings had predicted would lose money in its first year, is making money hand over fist. ...They're taking in at the bar, $68,000 a night. ...If you want something from the Trump administration, what he made clear, is "You will pay me tribute." You'll sign up to join , where he doubled the admission price.
The telecommunications companies wanted to build the most profitable electronic toll road possible. Their aim was, first, to spend as little as possible on technology, which... meant slow Internet service for many... Second... serve areas where lots of customers... would buy a monthly pass... sparsely populated areas were at best incidental to such plans. Third... set prices as high as the market would bear, even if it meant many... could never afford to access this electronic roadway.
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One of the stories that I tell in Free Lunch when I talk about the hedge fund business in the United States and the hedge fund managers who pay taxes at the same rate as janitors... a 15% tax rate on their incomes... The average hedge fund manager in 2006, remember the hedge fund managers keep telling us that if you raise our taxes the whole economy be negatively affected, said that it was not fair to have them pay more than a 15% rate. Of course, school teachers and reporters pay 25% or 31%. Well-to-do Americans pay 35% and... the top hedge fund manager's average income was only $11 million... a week! But they can't afford the taxes.
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