David Cay Johnston: Trump Administration Is "Rich White People Supporting A Racist Because It Makes Them Richer"

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In a conversation with MSNBC's "AM Joy" host Joy Ann Reid, David Cay Johnston characterized President Trump and his prominent supporter Stephen Ross as "welfare kings" and defined the point of the Trump presidency as, "rich white people supporting a racist because it makes them richer."

"Taxpayers, if you think you are doing well and you got a few crumbs in the Trump tax bill, you have no idea, you have been burdened."





"If you've got $500 million, what difference does it make that you have $600 million? Are you going to destroy the country for that?" he said.

JOY ANN REID, MSNBC: Donald Trump is what he is. The people who are benefiting from what he is, I don't see how they can escape him. I just don't. It is hard to believe that somebody can make a credible argument. Maybe they got away with it in 2016 when he was the guy from "The Apprentice" and they could say he was just faking it for the campaign. This is not faking it anymore. He literally has the same words. Have you read this manifesto of what this guy wrote in Texas? It reads like what Donald Trump says.

DAVID CAY JOHNSTON: Donald Trump is actively promoting white supremacy, I don't think there is any doubt about that. But, the Stephen Ross issue brings up something else. Our Constitution does not say one word of creating this country to make us rich. It talks about justice. "A more perfect union." It talks about a better society. We are not talking about a city on the hill anymore. How much can we put money on the fabulous rich people like Stephen Ross which by the way is a welfare king. Hudson Yards, his football team, and other things, are enormous welfare operations that you and I as taxpayers are subsidizing.

JOY ANN REID: Can you say it again? I lived in South Florida and every football stadium in America is a tax-subsidized welfare cheat, all of it. Go on and say it again.

DAVID CAY JOHNSTON: Even the few stadiums where they claimed they are not subsidies, they are. Hudson Yards, his big development, is a huge tax subsidize subsidize. Donald Trump is the biggest welfare kings in the history in America, relative to the size of his business. Taxpayers, if you think you are doing well and you got a few crumbs in the Trump tax bill, you have no idea, you have been burdened. Federal depth is growing three times the rate it was under Obama. And the idea that Donald Trump is going to be fiscal and responsible, please, that's absolutely absurd.

JOY ANN REID: We got a laugh out of this.

DAVID CAY JOHNSTON: Put over this the racism that is... about it, and this is about rich white people supporting a racist because it makes them richer. If you've got $500 million, what difference does it make that you have $600 million? Are you going to destroy the country for that?

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