Economics Quote by 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” sets a clear limit in order to safeguard the value of human life, today we also have to say “thou shalt not” to an economy of exclusion and inequality. Such an economy kills. How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?””

David Cay Johnston

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“Wage insurance works best when all workers are covered under the same plan and the coverage starts at the beginning of their working lives.…

David Cay Johnston

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“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…

David Cay Johnston

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Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at the very time that the tax system has become vastly more complicated. And of course America continues to grow, so there's an increasing number of tax returns coming in. The IRS responds by doing exactly what…

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…

David Cay Johnston

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“No person, I think, ever saw a herd of buffalo, of which a few were fat and the great majority lean. No person ever…

David Cay Johnston

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“The worst of these are laws in nineteen states that let companies pocket the state income taxes withheld from their workers’ paychecks for up…

David Cay Johnston

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“it shouldn’t be the case that the only route out of poverty is to get married to someone who also has a job.”

David Cay Johnston

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“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…

David Cay Johnston

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“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.”

David Cay Johnston

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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 windfall that makes you a lot money you could end up in the top tax bracket. But if you're a corporation you are allowed to reach forward with deferrals for years. Over a 45 to 50…

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 society, it reflects an understanding that, as citizens and human beings, we all share certain risks and vulnerabilities; and we all have a stake in advancing practical mechanisms of self- and mutual support. It is based…

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 poor black men who hung out on a sidewalk in the nation’s capital: “Convinced of their inadequacies, not only do they not seek out those few better-paying jobs which test their resources, but they actively avoid…

David Cay Johnston

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“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the standard of living and level of awareness of life’s pleasures and luxuries available to the educated and new middle classes, in all countries liberated from the “intelligent design” of totalitarian or semi-totalitarian governments that purported to…

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“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality of the categories and concepts employed by that science, is, in fact, the paradoxical product of a long collective history, endlessly reproduced in individual histories, which can be fully accounted for only by historical analysis: it…

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Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…

Kevin Rudd

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Having an economy that works for the 99% is achievable.

Winnie Byanyima

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“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…

Michael C. Mankins

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The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…

Friedrich August von Hayek

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The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.

Frederic Bastiat

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“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are artificial institutions, those of the bourgeoisie are natural institutions. In this, they resemble the theologians, who likewise establish two kinds of religion. Every religion which is not theirs is an invention of men, while their own…

Karl Marx

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Economics Quote by David Cay Johnston

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