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

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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 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
Alternative Names: DC Report
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Additional quotes by David Cay Johnston

The Attorney General, Eric Holder testified, in March of 2013, to Congress that he was afraid to prosecute the banks because it would cause economic disruption. ...I've been going after him in Newsweek for that and he has backtracked, but for months, an Inspector General's report shows, he claimed that they had gone after more than a billion dollars and over 500 people involved in mortgage fraud... still... a drop in the bucket. ...In fact, there were less than a hundred cases involving $95 million ...a drop in a drop ...and he kept telling this lie. So we... now have a government that does not go after people who are engaged in criminal frauds because they are considered so powerful, that if they were prosecuted it would damage the economy. My God!

[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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