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" "Back in 1996 I was the principle reporter at The New York Times on a huge series... that changed the way executive pay was reported. We showed how the head of had gotten a $100 million pay one year and he only paid taxes on about $2 Million... [H]e had built a fortune of just shy of a billion dollars at that point, tax free... [T]here were members of the board of directors of Coke that did not understand how much money they had paid him.
(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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Usury laws that protected consumers against rapacious lenders existed until 1978. Now they are gone because of a Supreme Court decision. ...[O]ur government has set forth onerous new rules that reward those who prey on the poor. ...These lenders, or their fronts, can now charge rates and impose penalties that were illegal, even criminal, a generation ago.
[O]ne of the purposes of the was to contain China. ...China is very expansionist. ...[T]hey're building in the Spratly Islands these artificial islands and saying "You can't fly airplanes over here or run ships through here, especially not military ships." China believes that it's the country of the future, and if you drive on their highways... they put the Autobahn to shame, which puts our Interstates to shame... They are... like the Catholic Church in terms of their thinking, "We're here forever."
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[A] lot of people have looked around after 28 years, from when they were promised all these things by Ronald Reagan... [and] realized that for the bottom 90% of Americans incomes are unchanged... even though the country is more than twice as wealthy in real terms, and productivity per capita is up 70%; for every dollar the economy put out back then, per person, in real terms, it puts our $1.70 today. And they've said, "Where's the beef?" ...[T]hat disconnect is ...opening up an opportunity to get people to see what the government has done that's contrary to their interests, because Adam Smith said "Any policy that benefits the majority of the people must be a good thing for the society."