How Government Creates Inequality - David Cay Johnston
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- Award-winning author and investigative journalist David Cay Johnston explains how income disparity has increased in the United States, even as the economy has recovered from the great recession.
Event date: February 19, 2015
This is probably one of the most amazing speeches I have ever listened to.
This should be mandatory viewing for ALL Americans. Its dissection is clear acute and accurate
perkyporkpie
Yes, it is a great example of leftist lunacy.
Aragorn Stellar you are a brain-dead moron
Aragorn--it's CORPORATE SOCIALISM--and right now Corporations are using it as a business plan. So much for leftist lunacy, Aragornie. Besides--stop hitting those with whom you disagree with some righty loony label. No more shall we, the left, the feminists, the liberals, the conservatives WHATEVER--NO MORE shall we let ourselves be silenced by such meaningless labels. If you cannot have civil discourse then hush up and go home. Please.
Exactly what is your educational level to refute what this educated man has said? Come on tell us all why we should listen to you and not Mr Johnston?
He is only educated in one respect or discipline .There is a reason why you have inequality ,it is because people are only equal in one respect .It has nothing to do with money
David Cay Johnston's voice needs to be taken seriously by every citizen of the US.
wrong it is not racial it is class warfare.
Since the Republican Party is about to fall apart anyway, maybe this is a good time to start working on a replacement that is better than either of the two dominant parties we have now, one that is not beholden to the selfish rich (and that includes Trump in a preeminent way except that he's con artist who has his followers believing an illusion)
Very smart by Republicans, playing poor whites and poor black against each other.
xuebaiqiang
The republican party is not falling apart.
You are wrong...it needs to be heard and taken seriously by every citizen of this planet
Thank you David. I am absolutely blown over by this corruption
David Cay Johnston should,seriously consider running for president as a,republican in 2020. I'll vote for him and I'm a Democrat.
@@JohnDavis-im1oy How? By exposing socialism/communism the rich set up for themselves at our expense. Listen to the lecture.
@@JohnDavis-im1oy How? by exposing the socialism/communism the rich set up for themselves, at our expense. Listen to the lecture.
Wow! I'm so delighted to read your words. It just seems like the media wants to make us (Dems & Republicans) loathe each. I so wish we could come together focused on loving our country and doing what's best to protect it.
@@JohnDavis-im1oy How is he a Commie ? - God DAMN you right-wing Assholes are FUCKING RIDICULOUS !
N W
I’m a conservative Democrat and I’d vote for him.
One of the best tax talks I've ever heard..we need to be citizens!
I admire this gentleman!
Wonder why we can't have a president, senators, representatives and a supreme court that think like this?
They're all bought!
He is one of the few who speak first and foremost about the underlying principles of CIVILIZATION---that yearned-for state of ethical, moral and practical being that is the overarching goal of all non-regressive peoples. That state of being to which all philosophies and politics should be subservient.
This gentleman is talking a lot of sense.
Thank you for this post. I found it to be very refreshing in the way of truth. I too wish that every American would watch this. We the People need to change the current situation.
I also applaud him for calling on women. TY Mr. Johnston.
This should be required homework for everyone in USA.
David Cay Johnston is a great speaker. Imagine holding an audience spellbound while explaining tax law.
Where u been David Cay???? We need your voice of reason now more than ever!
He was due to give another talk for the institute in April, but cancelled because of the pandemic. We'll get him back soon, hopefully!
This is making me physically sicker than I already am!! I wish I could move to one of the other countries he mentioned that has a more equal distribution of wealth.
jaelynn zee Agreed!
What do you mean by "distribution of wealth?"
try Cuba - everyone is equally poor (except for Raul Castro and his thugs)
Agreed!!!
James Berry try Canada. We have less of a wealth gap than you poor things in the US. We have single payer health care too and we friggin love it. We are taking disillusioned Americans too. Come bring your skills. You are welcome.
yes private could do things but thats part of how we got into this mess with privatization and too many favours for the wealthy who cause the chaos
It was a speech which gives many answers. What I understood from the speech is that when David Cay Johnston described about various aspects and companies and gave an objective view. In the previous system companies did take advantage of taxation system but I feel that in that competitive environment new men and women and their companies did rise and could become 1% The earlier system also had a scope. The new system where new companies came initially they gave many jobs and business opportunities to people which made them rise and rise but now in the current scenario they have turned into a new royalty under them their are only horizontal opportunities and not vertical opportunities/ growth. Governments also create opportunities, definitely there are flaws in the taxation system but David Cay Johnston himself said that we need governments and they support that investment which creates jobs like reinvesting in business and not that which doesn't create jobs like buying mansions. Just like David Cay Johnston has related the instance of him and his brother on that I would have only one opinion is to work hard and improve ones life.
this is the clear information we all need to understand. thank you Mr Johnson.
I am a big fan of David Cay Johnston......✔✔
Damn shame everyone doesn't get this lecture in high school. God forbid kids should actually know how this country is actually run.
This some powerful stuff. I just wish he would use some references. Its a lot of information to try and check without them
This amazing corruption must stop.
Problem is the vast majority of the population has no idea!
Knowledge is power.
We have a real problem in the United States. What do we do about it?
Civilization/humanity is a joint exercise. Taxes are how we yoke together!
I will await your maturation Pro!
Actually, neither government nor private enterprise is inherently corrupt, although Donald Trump's working on both.
How do you know a society without government works? Where have you run this experiment?
Pro Libertate If you didn't have government a neighboring power would invade you and take you as slaves and boom your flat simple governmentless society would cease to exist which is probably a simple and basic reason why we have a govt. in the first place.
Pro Libertate Switzerland is a member of NATO which gives all the small countries protection.
This guy is soooo right up my alley!!!
this is too complicated for most voters to understand. just show them a black welfare queen and tell them someone is going to take away their guns. then you can talk them into anything else.
Unfortunately.
The Empire is built upon the backs of "low information voters" (the poorly educated so beloved by 45).
Thank you for your books !
The idea that taxes are "withheld" from workers pay is absurd. It goes on here in Europe as well. It is not unique for the US. The labour market in Europe is developing into hiring workers on a freelance basis, so they do not have to carry the burden associated with actual employment. THe good thing is that freelancers are individual companies that then, in reality acts as sub supliers to what would otherwise have been their employer. Imagine what will happen with this constellation when they realize that this entails the freelancers make invoices and therefore withholding their own tax, just like any other company. My guess is that no one will pay taxes and that the number civil cases involving taxes unpaid by freelancers will explode.
There are people who are not corrupt they are getting rarer Elizabeth Warren Bernie Sanders it’s time to seek these people out and making them the power that means we are the power most republicans would not seek public office if there was no personal profit in it
He just said stop voting with ideology, and here you are "My tribe good, enemy tribe baaad!", as long as you(and by that I mean people who act tribaly) do not realize that vast majority of top politicians in any party are there for profit and power (else they wouldn't be there, because they would not get support from the rich, if they weren't working for their interests), nothing is going to change. As for bernie, you belive a life long career politician who has managed to become a millionaire by pandering to the rich is doing anything from the sympathy for the little guy you can't be much older than a teenager.
And as for his communist sympathies, ever wondered why you never see people flee into communist countries, only out of them? I was born and lived a decade in soviet union and I'm appalled at young western idiots who still think that this shit is workable. Communism works great for a family or an ant colony. Most people don't even feel enough empathy towards their neighbors, let alone everyone in a city or a country for it to work on such a large scale. Best quote about communism I've heard is "Great system, wrong species."
Oh yeah and about bernie not being corrupt, along with milking the system for all he could he also took a bribe from shillary to step aside, after which he, the candidate for the little guy, was endorsing one of the biggest, most obvious corporate shills in decades, and without a word about the underhanded tactics employed against him I might add. If your example of a not corrupt politician is a spineless selfish little worm then I feel sorry for your tribalist cognitive dissonance.
At 1:02:34 is a priceless example of the trend of how the old and the young have no clue of history. And the learning of what went right, and what went wrong.
Guardian of Auset the kid should have asked are progressive tax rates ethical. Should you pay more taxes the more you earn?
Since rich people BENEFIT more from society than poor people -- the answer is yes. He's opening statement alluded to that. Wealth can only be created in a stable society.
Also, wealth accrues in specific ways. A person driving to work uses a road that his taxes contributed to, but a person who owns a trucking company benefits even more from that same road. On and on in a multitude of examples.
Surprised anyone could makeit for an hour withthis blowhard. He is a one trick pony, Trump is bad.
You do know he is from the communist faction in the CIA?
The only reason I am reading comments is to see if someone else was laughing as hard as I was. Getting impaled in front of the entire auditorium and the www. (^______^)
That poor young man is a perfect example of the biggest con ever, namely: the tigers persuading monkeys to fight for tigers rights. Even when it's obviously against monkeys best interest. Because, the idea goes, if monkey works very hard and worships the Old Tigers, he might become a tiger himself one day, and it would be a tragic if his tiger's rights to piss all over the monkeys heads would be endangered.
The funny part being the justified and righteous, if little over the top, rage of Mr. Johnston at the naivety of the young man.
The kids bewilderment, inability of his young mind to come up with anything remotely original, his lack of words("the free market will make the roads"), the fact that he got hooked on libertarian bs through and through, despite having access to pretty much every idea from the dawn of human history, and sticking to his guns (even if little shaken) despite being bombarded for an hour with bare facts that say otherwise
I really lr this man's talks. Too bad he doesnt have a prime time TV show.
A very wise man.
If he comes to the NYC area would love to see him speak.
this is not a debt crisis, it is a missed taxes crisis
Well put
We can't change what is to far out of our reach. If we could get God into everything we do only than we can. That probably won't happen, so let us join with God to do our best
If you listened to his talk, he mentioned the countries where the taxation is far more equitable, and the populations of these countries have a much higher state of happiness. If you look at those states and did some reseach, they have the greatest percentage, per capita that are pure atheists, god belief is just about an extinct way of looking at the world. Essentially, they have gotten passed the old system of magical thinking, akin to Europe coming out of the dark ages 500 years ago. Its time to wake up and realize that humans using organized religion was really just a phase of our greater human progress and understanding of nature more and more. The poorest countries tend to have the highest level of religious belief.
Good vid.
The real problem for USA is that they are talking too much and doing nothing. All the society is involved in the political talking but pursuing their own work and life.
I can see why he wanted more women questions, lol. They were much more intelligent question for question. Yikes
How about US governments, Federal or state, augue that the foreign governments, Chinese or Japanese, subsidize their companies too?
Re-read your Thomas Paine and then brush up on your Adam Smith...Wealth of Nations...inequality is a no nonsense national security issue.
I think Mr. Cay has this all backwards. Athens became powerful BECAUSE of taxes. As a military state.
The protection it needed to prosper was FROM other enemy states.
Its essentially what he said, he just didnt go crazy into detail. If you dont tax, then no one will want to be in the military, and forced conscripts with no pay usually had very low morale and were easily routed, then slaughtered. You pay your military well, they dpend it in the city on goods for the family, and as long as the wealth is nice and even, you can of course have a wealthy group, but if everyone can live and procure the goods needed for family, the city is happy and no one revolts.
i wouldn't call it corporative socialism i would call it corporative goverment.
Corporate welfare while they cut the poor's welfare, food stamps, medicare, social security, pensions etc.
Didn’t think this was vaguely Marxist until he mentioned class warfare. Good talk, even if he doesn’t realize it, he makes a great case for Socialism
Medicare, Medicaid, public education system, subsidies given to corporations/businesses, bailing out and loaning money to banks, basically all social welfare programs r socialistic.
We already have socialism, and we love it. It’s literally what has kept people alive and sane. U can’t have democracy without at least a some socialism melted into it. It’s impossible. Anyone that took socialism 101 would know this.
@Yeno Thorli yes, but now we have to go convince people that caring about others is the way
@@musicdev Need to flip media barons and their outlets ( mind shapers) to Socialism ... Regulate to stop media manipulations.. Yes I am hopelessly naive. Can only counter aggressive greed, a human condition, by counter indoctrination. Yes it does seem to pursue and achieve socialistic ideals, might have to use fascistic tool kits. Capitalism as corrupt as it is it might be less worse system...
Johnston is speaking against corporate socialism, which is currently at play.
@@robertpaulson3674 corporate socialism is called capitalism. Socialism = workers owning the means of production. Capitalism = capitalists owning the means of production. Corporate socialism is just an oxymoron
The focus here is pretty narrow. One of the things I'm convinced of is that people generally need to be better educated in the patterns of the society and politics they live under. In previous times people had extensive vocabularies for the plants, the animals, the geography, even the stars, to live in security from knowledge. We do not have a vocabulary for all the patterns of resource allocation and manipulations that are exercised around us, and in fact we are discouraged from trying to learn them. If all you do is point out the details of one aspect like David is here, you may allow some big players to shift power, but you do not engage the diverse empowerment of knowledge we need generally.
I love this guy!
That is not corporate socialism David, it is capitalism, in other words, the accumulation of capital.
So, aren’t those contributing their taxes to the company co-owners of that company?Any hope in the fine print,the wrong,missing laws?
how's about the guy in the back wearing the Bass Pro Shop hoodie???
Good shit mane
Just listened to another of his talks where he would not allow anyone to finish their questions.....
"Is taxation ethical?" I think I lost twenty IQ points just listening to that question.
That kid got owned
Love love love this talk. Our political system is broken,, big time. The $$ has taken over. Greed has taken over. Out humanity is slipping.
Do the Koch brothers think they are acting ethically?
You can play this out all day long. Many rich people on both sides of the aisle do influence the party they think are in line with their thinking. That's a no brainer. I come back to you with the Democrats and Soros. I don't like any of this kind of influence in my government. So what should we do? You put way too much emphasis on money winning elections. Hillary outspent Trump big time and still lost. Seriously ask yourself what your values are and what you want to see out of government do and vote for those with the hopefully the same thinking. First check what your values and beliefs are.
It's fascinating how he argues for taxing the rich and then totally insults and repudiates his brother who was a manual laborer (probably construction) without which the very building which he is doing his posh presentation would not exist. What is the message? "don't be the guy who actually builds things, who builds the country. My brother was stupid and deserves what he got. We need financial experts like me in this country but don't need manual laborers at all." It's such a fascinating contrast of trying to promote a better run country while simultaneously expousing self destructive narcasistic elitism. Yeah, the country would do soooooooo well if everyone refused to do manual labor and instead insisted on becoming financial experts in academia and would accept nothing less....
30:38 later, I feel so underwater that I've got the bends and can not take anymore. Is there a reason for this distribution of wealth? Any upside for us peasants?
If you lived in the jungle you didn't get rich? They had the richness of nature! They had the richness of survival! They had the richness of turning things around them into useful things. They had the richness of community in the group. We live in a money society where the rich get richer, the Middle Class think they're owed and strive the be the very Rich they hate and everyone ignores the Poor.
Capitalism is just another word for socialism for the RICH !
Like he said, it's not capitalism, it's corporate socialism.
That's the dumbest thing I ever heard about capitalism! Please go learn economics!
so do we blame the government or the corporations?
Both. But government more.
1:03:28 sounds like South Africa
It's a game of monopoly
Even the Founding Fathers warned about Trump and his clan.
Vote Andrew Yang!
Where is he lately?
The budget deficit is created by non collection of tax and general under taxation not from running a trading deficit. A trading deficit does not automatically lead to a budget deficit and the fact that wealthy western nations borrow because their citizens don't like to pay for the necessities of life over the luxuries is very wrong!
Since David said that tax is ethical .. I would love to be a tax collector
Join the IRS and bleed -the poor and middle class dry but you won't have to go near rich neighborhoods.
more people should have this info ....( BUT IT HAS KNOW FLASH .)
MIKE VON BACH what does "know flash" mean, please?
Watch, Manda Bala, It show you where American is head, 2007.
17:25
This guy and Chris Hedges could probably construct some ideas on how to approach the challenges of the near future.
Great idea! They come from opposite political orientations but they both care about the common good and are very perceptive. That would be an amazing discussion! Perfect counterbalances to one another...
Mmmmm need “ eleven days in May”
one inch v. 167 feet ; labor no longer gets their fair share of profits; one inch v. 5 miles increase for the top 1% of the 1%
Perhaps you would prefer CEOs and business owners to move their plants out of the country then you would not worry about the paying their “fair share” of taxes and pay the laid off workers a good unemployment subsidy paid by taxpayers who still have a job.
I hope you have spoken to Elizabeth Warren about how to win now.
since 06 I have pushed for a few ideas to help things titled OPM-Our Planet Peace People Matter 1 alterrnative powered farming resources combo of solar wind and farming 2 a non social pro network for public gov and business which was taken turned into teaparty twitter crowdrise and others adn 3 Public Options what riht dubbed Obamacare for healthcare part but this hsould have been a bundle like net phone cable but nessesities ot help those who need the help and get fair shar eout of the trumps and wealthy of the world like trumps tax plan you really think its fair the top 3 families/ people are getting 68 billion in tax breaks
make any tax reform ... anyway you can ..
JUST dont raise it
thousands of bankers should have been put in jail
The heritage foundation claim is nonsense on its face. What is a dollar bill? It is an iou from the government. The money supply is government debt. Remember credits and debits? Every banknote, electronic credit or t bill is matched by that exact amount in federal debt.
Where is this guy talking about the Trump/Republican tax plan now?
There is taxing.
There is spending.
The US Government does not tax and/or 'borrow' (issue and sell interest-bearing securities" in order to, and so that is able to, spend.
The US Government spends in the amounts, and on/for whatever, the US Congress authorizes and appropriates be spent. Whenever it does, it net adds Dollars to the non-USGovt sectors.
When it taxes, it permanently removes, eliminates, retires, "unprints" (as it were) US Dollars.
So, no, the US Govt does *not* tax (take USD from) the many *to* spend on/give to the few. Its spending and taxing, separately and together, net benefit some and net hurt others.
Original cultures got along fine without either and they were free.
Battle of the freedoms - Economic vs. Social.
Neoliberalism, the 45-yr. global economic policy, is an ideology founded by libertarian economist and Austrian aristocrat, Friedrich von Hayek and promoted by libertarians Milton Friedman, James Buchanan, Ayn Rand, Alan Greenspan, the Koch brothers and others.
Since the 2008 financial crash, it has been thoroughly discredited as a viable economic policy. During this zombie decade of rudderless leadership, only MMT (modern monetary theory) has entered the economic arena with sound fiscal policy (government spending) advocacy. It was strong fiscal policy that FDR used to lay the groundwork of the Roosevelt Republic that produced the most prosperous years and highest standard of living the world had ever seen during the 50's-60's. Mention fiscal policy today and corporations and banks scream "Socialism!!"
“Government exists to spend. The purpose of government is to serve the general welfare of the citizens, not just the military-industrial complex and the financial class. Didn’t we have a stimulus, oh, eight years ago? It was tiny and has not been entirely spent. As Yellen implied, we need more spending of the non-military kind (what Barney Frank memorably called “weaponized Keynesianism” doesn’t stimulate).”
www.forbes.com/sites/leesheppard/2016/04/02/we-need-fiscal-policy/?fbclid=IwAR02l1AlZGMpapbTOdURjgRknx6Kai-24Z6fXBCXyBolgdgodvjSmYmXAdw#1c4e7dea8b40
In the US, both political parties today are dominated by this failed libertarian radical right, fueled mostly by the Koch donor network. Their idea of liberty actually depends on economic inequality. It’s their “human right”. Economic freedom over liberty for all. Isn’t that undemocratic?
“Aryeh Neier, founder of Human Rights Watch and its executive director for 12 years, doesn’t hide his contempt for the idea of economic equality as one of the key human rights. Neier is so opposed to the idea of economic equality that he even equates the very idea of economic equality and justice with oppression-economic rights to him are a violation of human rights, rather than essential human rights, thereby completely inverting traditional left thinking.
Here’s what Neier wrote in his memoir, Taking Liberties: “The concept of economic and social rights is profoundly undemocratic… Authoritarian power is probably a prerequisite for giving meaning to economic and social rights.”
Neier here is aping free-market libertarian mandarins like Friedrich von Hayek, or Hayek’s libertarian forefathers like William Graham Sumner, the robber baron mandarin and notorious laissez-faire Social Darwinist.
As with Neier, William Graham Sumner argued that liberty has an inverse relationship to economic equality; according to Sumner, the more economic equality, the less liberty; whereas the greater the inequality in a society, the more liberty its individuals enjoy.
It’s the fundamental equation underlying all libertarian ideology and politics-a robber baron’s ideology at heart.”
thedailybanter.com/2012/06/the-quiet-extermination-of-labor-rights-from-human-rights/
The libertarians’ futile dream of a nationless world dominated by privately owned charter cities has been attempted in Honduras to no avail. In this dystopic world of Technocracy and Property Owners, the restoration of the nation-state has never been more obvious.
“In a libertarian society, there is no commons or public space. There are property lines, not borders. When it comes to real property and physical movement across such real property, there are owners, guests, licensees, business invitees and trespassers - not legal and illegal immigrants.” ~ Jeff Deist, president of the Mises Institute
“The more inequality in a society, the more hate, the more dysfunction, the more mental illness, the more physical illness.” It should come as no surprise, then, that we see more addiction and more mass shootings since “the inequality is rising all the time.” Violence against racial, ethnic, or religious groups “is a manifestation of a society that foments division amongst people and sets people against each other.”
www2.philly.com/philly/opinion/commentary/hate-addiction-pittsburgh-shooting-childhood-trauma-gabor-mate-20181102.html?fbclid=IwAR0HUxIsCYCRjzgP9esxNknoczq6
Tom Wolfe's last book, Kingdom of Speech, blows the Darwin economy out of the water. This notion of "survival of the fittest", linking us with the animal kingdom, is a myth. The gift of speech is a declaration of cooperation over competition. No need to lock horns when you have a reasoning mind and can articulate a win-win outcome. Our current economic system is keeping us locked in 19th century thinking. Origin of Species came out in 1859. It's time to live in the modern, post gold standard world (as the 1% have been enjoying since 1971.)
He should share more food
vote Yang!
Corporate Welfare States of America LOL
democrats rob small business owners
wrong we hear him loud and clear.
wrong troll
Yea! They're rigging the system so that the billionaire corporations pay little to no taxes while 99% of us pay more taxes percentage wise than the top 1%.
how about no honors but rich just paying there fair share like the rest of us
Yeah.. I would love to tax David Cay the way I want...
#USELECTION2016
#USELECTION2020
Inequality or to be more precise, decreasing living standards, are directly caused by the Federal Reserve and the debt based currency every country has been using since Switzerland was the last country to drop the gold standard in 1999. This guy makes good points but it's not the source of our problems. When regular people are able to save their money in gold, the middle class will start to increase since we will be protected from inflation caused by the Fed's debasing of our currency since 1913.
2022 income tax rates and brackets
Single taxpayers (1)
Taxable income (USD)
Tax rate (%)
0 to 10,275
10%
10,276 to 41,775
12%
41,776 to 89,075
22%
89,076 to 170,050
24%
170,051 to 215,950
32%
215,951 to 539,900
35%
539,901 to monopoly
37%
Solution? choose an amount and not let the monopoly exist, say $539,901 to $1million
37%
Then
$1million+1 and over 100%
predicting US President-Elect Donald J Trump ?
Nature is a substitute or who need taxes the real god that provides in nature real wealth does most of the work and man if intelligent enough just sees and goes along with the grace..If you lived in the Jungle rich is already it is reality. it's outside the jungle taxes are a necessity..Original tax is common labor for the common nature that sustains Us..Yes Subversion of the common is tax theft by corporate privatization; money goes to profit the 1% not the common good; gripped forever..and do as I say or sorry we say..corporate takeovers..So Intellectual property is cheating schemes under corrupted law or law corrupted against a common; but a class?
'Inequality' is a false meme. It is assumed that all men ARE created equal. That cannot be changed. It's not government's - or any man's - business to determine whether equality has been realized and try to remedy it.
Chas Stack Do you have some point to make, or are you just going to fling poo?
Sure it is
OK. The United States of America was....
#GoVegan
Battery Exhausted ????
2️⃣0️⃣1️⃣9️⃣😎👍🇺🇲
His voice speaks up now, but where was his voice with all these truths before his book sales need a kick. He says he has known all about Donald Trump for so many years then you would think he would have been speaking up long ago. Seems to me like he is riding the coat tales of a drama to sell you his books.
He has been doing the exposes of government corruption long before Trump. The question should be where have you been?
A prophet ? A global pandemic
is he in his bedroom?
Inequality is a result not a cause.
This guy does not understand a bit.
Yet another IYI
predict the corona virus at 49:20