"As taxpayers we gave one of Warren Buffet's companies, in 2006, an interest-free loan of $665 million dollars, and he only has to pay half of it back 28 years from now. ...Imagine ...you bought a house in 1980 at the price in 1980. Up until now you haven't made any payments on the house, and this year you have to pay half in the... dollars you agreed to back then, no adjustment for inflation. Do you think that alone might make you a wealthy man?"
React to this quote
More by David Cay Johnston
See allResonant Thoughts
"Similar sentiments have hitherto prevailed among all orders and denominations of men among us. To all general purposes we have uniformly been one people; each individual citizen everywhere enjoying th…"
"Satire, though it may exaggerate the vice it lashes, is not justified in creating it in order that it may be lashed."
Explore Further
Related Quotes
"The utopian urge that prompted us in recent decades to write the world's thickest instruction manual, namin…"
— Philip K. Howard"The son-of-a-bitch would shoot me just to make book on which way I'd fall!"
— Addison Mizner"Law, in its most general and comprehensive sense, signifies a rule of action; and is applied indiscriminate…"
— William Blackstone"Random events often come like the raisins in a box of cereal - in groups, streaks, and clusters. And althou…"
— Leonard Mlodinow"Just as modern man consumes both too many calories and calories of no nutritional value, information worker…"
— Timothy Ferriss"Virginia Declaration of Rights"
— George Mason
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on justice
- Norman Angell on justice
- Rudiger Dornbusch on justice
- Robin Hahnel on justice
- René Girard on justice
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on life
- David Cay Johnston on knowledge
- David Cay Johnston on art
- knowledge & Beauty
- knowledge & Change