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(2007) Free Lunch: Government Expense, David Cay Johnston

(2007) Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill) By David Cay Johnston (ISBN: 1591841917 / 1-59184-191-7)

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(2007) Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You with the Bill) By David Cay Johnston (ISBN: 1591841917 / 1-59184-191-7)

Book Description: Portfolio, New York, NY, U.S.A., 2007. Stated First Edition, number line on copyright page reads: 7 9 10 8. White Hard Cover Boards and Spine with Black lettering. 323 pages, 6.25" x 9.25" tall, 1" thick. No underlining, No highlighting, No owner names, No remainder marks, this is a Brand New book. New copy - Never read - Not price clipped. Beautiful gift quality copy of book and dust jacket. COLLECTOR'S COPY.

Book Condition: Brand New.

Dust Jacket Condition: Brand New. NON price-clipped DJ [$24.95 US].

Synopsis: The bestselling author of Perfectly Legal returns with a powerful new exposé.

How does a strong and growing economy lend itself to job uncertainty, debt, bankruptcy, and economic fear for a vast number of Americans? Free Lunch provides answers to this great economic mystery of our time, revealing how today’s government policies and spending reach deep into the wallets of the many for the benefit of the wealthy few.

Johnston cuts through the official version of events and shows how, under the guise of deregulation, a whole new set of regulations quietly went into effect— regulations that thwart competition, depress wages, and reward misconduct. From how George W. Bush got rich off a tax increase to a $100 million taxpayer gift to Warren Buffett, Johnston puts a face on all of the dirty little tricks that business and government pull. A lot of people appear to be getting free lunches—but of course there’s no such thing as a free lunch, and someone (you, the taxpayer) is picking up the bill.
 

Johnston’s many revelations include:
• How we ended up with the most expensive yet inefficient health-care system in the world
• How homeowners’ title insurance became a costly, deceitful, yet almost invisible oligopoly
• How our government gives hidden subsidies for posh golf courses
• How Paris Hilton’s grandfather schemed to retake the family fortune from a charity for poor children
• How the Yankees and Mets owners will collect more than $1.3 billion in public funds

In these instances and many more, Free Lunch shows how the lobbyists and lawyers representing the most powerful 0.1 percent of Americans manipulated our government at the expense of the other 99.9 percent.

With his extraordinary reporting, vivid stories, and sharp analysis, Johnston reveals the forces that shape our everyday economic lives—and shows us how we can finally make things better.

About The Author: David Cay Johnston (born December 24, 1948) is an investigative journalist and author, a specialist in economics and tax issues, and winner of the 2001 Pulitzer Prize for Beat Reporting.

David Cay JohnstonSince 2009 he has been a Distinguished Visiting Lecturer who teaches the tax, property and regulatory law of the ancient world at Syracuse University College of Law and Whitman School of Management.' In July 2011 he became a columnist for Reuters, writing, and producing video commentaries, on worldwide issues of tax, accounting, economics, public finance and business.

Reporting: In 1968, at age 19, Johnston began his career at the San Jose Mercury News. In 1973, he left the Mercury News to study at the University of Chicago under a five-month fellowship. He then took a position as an investigative reporter at the Detroit Free Press in its Lansing bureau from 1973 to 1976 and later worked as a reporter for the Los Angeles Times from 1976 to 1988. Johnston then worked as a reporter at The Philadelphia Inquirer from 1988 to 1995. He joined The New York Times in February 1995.

As a reporter Johnston investigated Los Angeles Police Department political spying and other abuses, the hotelier Barron Hilton, misuse of charitable funds at United Way, news manipulation at WJIM-TV in Lansing, Michigan, and Donald Trump's net worth. He once hunted down a killer whom the Los Angeles County Sheriff's Department failed to catch, resulting in an innocent man winning acquittal at his fifth trial.

From February 1995 to April 2008, he was the tax reporter with The New York Times. For the next three years, until joining Reuters, he wrote "Johnston's Take," a column on tax policy for the nonprofit journal Tax Notes and its sister website tax.com, published by Tax Analysts. Tax Analysts press release In 2009 he briefly wrote, "By The Numbers," a column for The Nation.

Johnston received the 2001 Pulitzer Prize for Beat Reporting "for his penetrating and enterprising reporting that exposed loopholes and inequities in the U.S. tax code, which was instrumental in bringing about reforms." He was a Pulitzer finalist in 2003 "for his stories that displayed exquisite command of complicated U.S. tax laws and of how corporations and individuals twist them to their advantage." He was also a finalist in 2000 "for his lucid coverage of problems resulting from the reorganization of the Internal Revenue Service."

Like columnist Steven Pearlstein, Johnston has won praise for his writings even though he has no degree in economics. Johnston studied economics at the University of Chicago graduate school and six other colleges, earning the equivalent of six years of college credits but no awarded degree, because he took upper level and graduate level courses almost exclusively, and did not stay at any one school long enough.

Johnston has been critical of news media coverage of the 2008 $700 billion bailout of Wall Street. In a letter to American journalist and blogger Jim Romenesko, Johnston wrote, "In covering the proposed $700 billion bailout of Wall Street don't repeat the failed lapdog practices that so damaged our reputations in the rush to war in Iraq and the adoption of the Patriot Act. Don't assume that Congress must act instantly, as so many news stories state as if it was an immutable fact. Don't assume there is a case just because officials say there is." Johnston has been cited favorably by Glenn Greenwald[6] as well as other bailout critics.[7] On September 26, 2008, Johnston said: "If you look around, you'll notice that banks are still making ordinary loans to ordinary businesses. Your mailbox is still full of proposals to sell you credit cards and extend you debt. The Internet still has ads for these very toxic mortgages that are at the heart of this. They're being advertised all over the Internet."..."And my point is not to argue that there is or is not a crisis, but that journalists need to begin not by questioning around the edges but by going to the core question. Is this the least expensive way to do this? Are there market solutions that might be applied?"

Books: Johnston is the author of best-selling books on tax and economic policy, the most recently published of which is Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense and Stick You With The Bill, about hidden subsidies, rigged markets, and corporate socialism. It follows his earlier book Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich—and Cheat Everybody Else, a New York Times bestseller on the U.S. tax system that won the Investigative Reporters and Editors 2003 Book of the Year award.

Johnston's first book, the 1992 Temples of Chance: How America Inc. Bought Out Murder Inc. to Win Control of the Casino Business is an account of how the junk-bond kings usurped mob control of the casino industry in the 1980s. The book discusses corruption in the industry and the role of the federal and state governments in that corruption.

Writings: 

  • Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super-Rich–and Cheat Everybody Else (2003) ISBN 1-59184-019-8
  • Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense and Stick You With The Bill (2007) ISBN 978-1591841913
  • Temples of Chance: How America Inc. Bought Out Murder Inc. to Win Control of the Casino Business (1992) ISBN 978-0385419208

Personal Life: Johnston is married to Jennifer Leonard, who is president and executive director of the Rochester Area Community Foundation. They live in Brighton, New York, a suburb of Rochester. He has eight children and five grandchildren.

Source: Read more at Wikipedia.

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