Corporations are good things. They encourage people to take risk. They're smart vehicles for building wealth, but they also have to be controlled. ..… - David Cay Johnston

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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.

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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

Throughout his writings Smith warned of the damage done when government interferes in the market by guaranteeing profits or by handing out gifts. This damage can exceed that caused when government taxes unwisely or imposes rules that needlessly obstruct commerce.

Our system for identifying and promoting military officers for leadership actually works. In my biography of Donald Trump I cite the Army Field Manual 6, which is the selection of officers for promotion because they have leadership skills. ...[S]omeone ...had reduced this to 6 basic lessons. Do you take responsibility for what you do? Do you credit other people? Are you open to recognizing a mistake and correcting it, etc. ...Donald Trump flunks every one of those measures. ...But, because he doesn't have real leadership skills, he's who he is. He's a con man and a con artist. He's not a business man, he's a cash extractor who gets a hold of a business, takes cash out of it and puts it aside. He's not capable of being a tyrant and taking over the country. ...But we need to worry about what happens when someone comes along who has a really deep philosophy.

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