Unlike individuals, who must take responsibility for their conduct, corporations' legal responsibility... has benefited from limits to that responsib… - David Cay Johnston
" "Unlike individuals, who must take responsibility for their conduct, corporations' legal responsibility... has benefited from limits to that responsibility established by law. The rationale... is that people who... build a business would not take the same risks if failure meant they would lose... their houses, cars... and everything else. ...[T]hey can go about their corporate business, creating enterprises and generating wealth.
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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
The Trump administration deposited political termites throughout the structure of our government. Their task, in the words of Steve Bannon, is the "deconstruction of the administrative state." ...[H]e means to undo the tax, trade, regulatory, and other means... [T]he end game is... a government that looks first after the best-off... not those most in need of a helping hand in the form of a sound education, clean water, and other basics of a healthy society... These termites operate out of sight... to bully or scare scientists into leaving, remove from public access... public records... necessary to enforce environmental, worker safety, and other laws.
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The result? In the past 25 years, one American family in seven has sought refuge in federal bankruptcy court. Exhaustive research by Elizabeth Warren... and her associates... has proven that the vast majority of people seek refuge... after any two of three events combine: divorce, job loss, or major medical problems.
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