A government that takes 90 cents out of each dollar above a threshold, as... in the Eisenhower years, is deciding to limit the wealth that people can… - David Cay Johnston
" "A government that takes 90 cents out of each dollar above a threshold, as... in the Eisenhower years, is deciding to limit the wealth that people can accumulate... Likewise, a government that taxes the poor on their first dollar of wages, as the United States does with the Social Security and Medicare taxes, is deciding to limit or eliminate the ability of those at the bottom... to save... and improve their lot in life.
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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
Corporations are good things. They encourage people to take risk. They're smart vehicles for building wealth, but they also have to be controlled. ...[T]he reason is, they are soulless entities. A corporation has no morals and its purpose is to make money. ...If we have to induce diabetes in millions of children by getting them to drink sugary soft drinks and eat too many french fries and greasy hamburgers, [corporations will] do that.
[T]he Democrats, who have not paid attention to their knitting for 40 years, while the Republicans have been building bench strength, passing laws to suppress votes, coming up with laws to throw out votes after they're cast, as we saw in Michigan. The Democrats have to run candidates who are viable. I was sent a news clip by a friend... a couple of interviews of people who want to run for office as Democrats... they were young and they were earnest and... then they got asked questions... [T]hey immediately fell apart because they didn't know anything. They were just like Donald Trump. ...You've got to find and develop real candidates.
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I remember reading a story... in one of the biggest papers in the country about the county budget in the dominant area of marketing for that newspaper... It consisted of the 3 county commissioners... yelling at each other over the budget, and it had a single mention of the budget will be "x" dollars. It didn't tell me how much of my property taxes go up, are they spending more on the sheriff and less on schools or are they going to fix the potholes. None of the substance was there.
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