--- title: "1 Privatizing Quotes By David Cay Johnston" description: "1 Privatizing quotes by David Cay Johnston. Plus more from David Cay Johnston and more Privatizing sayings from other authors." image: "https://sms4smile.com/quotes/i/543/david-cay-johnston-10155_social-security_the-worst-proposals-are-to-radically-tra_1539032.jpg" --- > [“The worst proposals are to radically transform Social Security by privatizing, which would put people at the mercy of the stock and bonds markets as well as cost much more to administer or to add means-testing which would deny benefits…](https://sms4smile.com/quotes/david-cay-johnston/the-worst-proposals-are-to-radically-transform-social-security-by/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) [Image](https://sms4smile.com/quotes/i/543/david-cay-johnston-10155_social-security_the-worst-proposals-are-to-radically-tra_1539032.jpg) ## More by David Cay Johnston > [“Wage insurance works best when all workers are covered under the same plan and the coverage starts at the beginning of their working lives.…](https://sms4smile.com/quotes/david-cay-johnston/wage-insurance-works-best-when-all-workers-are-covered-under-the-same/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“Pope Francis I, denouncing “an economy of exclusion,” has made inequality a centerpiece of his reign: Just as the commandment “Thou shalt not kill”…](https://sms4smile.com/quotes/david-cay-johnston/pope-francis-i-denouncing-an-economy-of-exclusion-has-made-inequality/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“We have created a society in which all the nation’s economic gains flow to the top and the vast majority sees income stagnation or…](https://sms4smile.com/quotes/david-cay-johnston/we-have-created-a-society-in-which-all-the-nation-s-economic-gains/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at…](https://sms4smile.com/quotes/david-cay-johnston/congress-is-supposed-to-fund-the-irs-and-it-has-been-steadily/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“By 2012 the average income of the vast majority had shrunk to the equivalent of 45 weeks of 1973 income—a 13 percent decline to…](https://sms4smile.com/quotes/david-cay-johnston/by-2012-the-average-income-of-the-vast-majority-had-shrunk-to-the/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“No person, I think, ever saw a herd of buffalo, of which a few were fat and the great majority lean. No person ever…](https://sms4smile.com/quotes/david-cay-johnston/no-person-i-think-ever-saw-a-herd-of-buffalo-of-which-a-few-were-fat/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“The worst of these are laws in nineteen states that let companies pocket the state income taxes withheld from their workers’ paychecks for up…](https://sms4smile.com/quotes/david-cay-johnston/the-worst-of-these-are-laws-in-nineteen-states-that-let-companies/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“it shouldn’t be the case that the only route out of poverty is to get married to someone who also has a job.”](https://sms4smile.com/quotes/david-cay-johnston/it-shouldn-t-be-the-case-that-the-only-route-out-of-poverty-is-to-get/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“Halliburton’s is a more extreme example, one in which a powerful and wealthy company transcends national borders so thoroughly that it is not an…](https://sms4smile.com/quotes/david-cay-johnston/halliburton-s-is-a-more-extreme-example-one-in-which-a-powerful-and/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“The real income reported on federal tax returns by the vast majority of Americans, the 90 percent, doubled between the end of the war and 1973.”](https://sms4smile.com/quotes/david-cay-johnston/the-real-income-reported-on-federal-tax-returns-by-the-vast-majority/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time…](https://sms4smile.com/quotes/david-cay-johnston/you-as-a-wage-earner-have-to-pay-your-taxes-every-year-on-your-income/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“Social Security gives concrete expression to widely held and time-honored American commitments. Grounded in values of shared responsibility and concern for all members of…](https://sms4smile.com/quotes/david-cay-johnston/social-security-gives-concrete-expression-to-widely-held-and-time/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“The anthropologist Elliot Liebow observed it in the men he chronicled in Tally’s Corner, his insightful 1967 book on the lives and attitudes of…](https://sms4smile.com/quotes/david-cay-johnston/the-anthropologist-elliot-liebow-observed-it-in-the-men-he-chronicled/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“One change we believe should be made is increasing the maximum amount of wages on which Social Security’s contributions are assessed. Contributions are assessed…](https://sms4smile.com/quotes/david-cay-johnston/one-change-we-believe-should-be-made-is-increasing-the-maximum-amount/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) > [“Not surprisingly, this huge American “industry” has huge political clout—with the expansion of prosecutorial and correctional workers’ power, the growing number of lobbyists for…](https://sms4smile.com/quotes/david-cay-johnston/not-surprisingly-this-huge-american-industry-has-huge-political-clout/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/privatizing/david-cay-johnston/#itemlist", "name": "1 Privatizing Quotes By David Cay Johnston", "numberOfItems": 1, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“The worst proposals are to radically transform Social Security by privatizing, which would put people at the mercy of the stock and bonds markets as well as cost much more to administer or to add means-testing which would deny benefits to higher-income workers. 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