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Balzac said 200 years ago that "behind every great fortune lies a crime," but we know how to create wealth now: the Industrial Revolution created wea… - David Cay Johnston
" "Balzac said 200 years ago that "behind every great fortune lies a crime," but we know how to create wealth now: the Industrial Revolution created wealth, the and our ability to manipulate cyberspace, and to develop concepts and structures in mathematics, and elsewhere. We can create real wealth. So, per say, being wealthy is now not the result of taking from those with less; and yet this historic problem has come roaring back... under the guise of conservatism.
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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
What matters is that we get a new Congress. Donald Trump ran for president based on the economic policies (just the economics, not the racism) that was in my trilogy on the American economy: Perfectly Legal, Free Lunch and The Fine Print. If you know that uses your tax dollars to build its stores and GE taxes its workers in Ohio to build factories, you know that because of my work; and it's now widespread... even if most people have forgotten I'm the guy brought all that to the fore years ago.
Everything has rules... The rules that we set really determines who benefits and who bears the burden. ...[W]e have all of these policies ...that largely determine what's happening. ...[I]n America... we live in a society... where coming out of the Great Recession, a third [33%] of all increased income through 2012 went to the top 16,000 households, that's the 1% of the 1% [1 out of 10,000], 95% of that income went to the top 1%, and the bottom 90 per cent's income actually fell... to the level of 1966... [T]hat happened because the government rules, in many ways, from who gets access to quality education, to who gets proper health care, to incarceration policies, are shaping what's happening to our society.
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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