Monday, January 05, 2009

Your Money: David Cay Johnston on How the Rich Get Richer

David Cay Johnston on How the Rich Get Richer
Your Money (NPR)

Investigative reporter David Cay Johnston explores in his new book how in recent years, government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected.

Cay Johnston covers tax policy for The New York Times, where he won a Pulitzer Prize for his reporting on that beat. His previous book, Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich — and Cheat Everybody Else, was a best seller.

The new book, which expands the inquiry beyond tax policy into a whole range of regulatory machinery, is titled Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill).

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davidcay said...

Thanks for the kind words. The paperback edition is out now, with added material in the solutions section. And I retired from The New York Times in April.

tofubo said...

one of the stories in the book is about csx and john snow putting off maintenance (decreasing expenses, interalizing profits) and when a amtrack derailment on csx lines happened, the settlement was paid by amtrack (since we own amtrack, socializing losses)

and on a completly different subject, part of the tarp I funds went to g.m.a.c. and chrysler

who runs the company that owns a majority of those two companies ??

just askin'