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In 2006 the trade deficit with China reached $232 billion. ...more than $60 per month for every man, woman and child in America. ...In 2004 when the … - David Cay Johnston
" "In 2006 the trade deficit with China reached $232 billion. ...more than $60 per month for every man, woman and child in America. ...In 2004 when the trade deficit... was $161 billion, it was... more than the $126 billion of income taxes paid by the bottom 75% of Americans.
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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
[T]wo income households... Lots and lots of women are out there working at jobs that pay minimum wage or $8 an hour. ...[T]he result of the falling wage structure in this country is that the average family with children does 1,000 hours more paid labor today than it did back in the early '70s. ...That's working essentially half of the year. ...[M]arried women with children have often worked throughout history. A Christmas job, a Saturday job. They had what we used to call pin money, but they were not fundamental bread winners, and there are costs associated with this. We have costs for daycare [etc.]
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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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