During the Constitutional Convention... [d]ictionaries from the era... show that emolument had a broad meaning, including profit, gain, benefit, and … - David Cay Johnston

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During the Constitutional Convention... [d]ictionaries from the era... show that emolument had a broad meaning, including profit, gain, benefit, and advantage. John Mikhail... found that "the majority of Blackstone's usages of 'emolumnent' involve benefits other than government salaries and or perquisites," including profits from business and rents from land.

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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

[T]hroughout his adult life Trump sought out—and worked closely with—more than a score of criminals, including Mafia associates, Russian mob associates, violent felons, con artists, swindlers, and most significant of all, the embezzler and mob associate Joseph Weichselbaum, a thrice-convicted felon. ...[W]hen Trump was the big man in Atlantic City, he got his helicopters to bring his high-rollers in and out of town through a company formed by Weichselbaum. ...Spy ...reported that Weichselbaum ...personally piloted the Trumps [in the Ivana, Trump’s personal helicopter]. ...Weichselbaum also had another business: importing drugs from Colombia...

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Almost two cents of every dollar reported as losses one year by everyone in the United States, were reported by Donald Trump. ...He's a terrible business man. His business model is not to get an enterprise, to nurture it, to grow it, to make it more profitable over time. His business model is the same as a mob bust-out. ...[S]queeze all the cash out... don't pay your vendors, try to cheat as best you can your employees, don't pay the bankers... Trump once said, "I borrowed money knowing I wouldn't pay it back," and then leave the carcass and go on to the next deal. ...Trump's business model is to rip off one person after another who gets involved with him, thinking he will make them wealthy, while he is destroying their wealth.

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