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Of each dollar people earned in 2005, the top 10 percent got 48.5¢... the greatest share of income pie since 1929, just before the collapsed into the… - David Cay Johnston
" "Of each dollar people earned in 2005, the top 10 percent got 48.5¢... the greatest share of income pie since 1929, just before the collapsed into the Great Depression.
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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
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.
What is Trump doing? Nothing. Japan signs a trade deal with the European Union last summer in Brussels. Donald Trump is 800 miles to the east in Poland. He's giving a speech where he talks about "Everyone adored me..." (That's because the right-wing government of Poland used police to make sure that only Trump supporters... got in, that protestors were kept blocks away...) So while this important trade deal is going down, where's Donald Trump? ...[Y]ou put Japan together with Europe, and the RCEP, and this is not good for our future. This is very, very bad for our future.
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