Gov. Roy Cooper On Why States Spend Big To Compete For Jobs | The Problem With Jon Stewart
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- If companies will move where the good workers are, why do states need to bend over backward to offer tax breaks and other incentives to corporations who promise to bring new jobs? In “Globalization: Made in America,” Jon asks North Carolina Governor Roy Cooper why his state has done this and if that money might have been better spent on things that actually benefit the people who already live there. Watch the full episode now on @AppleTVPlus
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Imagine how many new businesses could be started with free small business incentives and more money pushed into education.
Yep.
What good is education when the entire country is too proud and too stupid to learn?
Here's a simple test: There is a government video on a government website that tells Americans how to grow "Marihuana" to repair our supply chain, replace foreign imports, bring manufacturing jobs back from overseas, and defend the free world during World War II. That's the solution to so many of the world's worst problems, from crime to unemployment to government spending to police brutality to climate change. However, Americans would actually have to watch the video and think about it in order to understand it, which no one is willing to do, even though the film would fundamentally rearrange the entire global economy in favor of the world's working poor, raising the standard of living for billions of people across the planet.
It doesn't get through to anyone because the only person in their entire lives who tries to explain this to them is some random loser in a TH-cam comment section. So, we're fucked. Even my worthless TH-cam comments would be deleted as "spam" if I include the official .gov link to the 1942 USDA film, *Hemp for Victory.* This is intolerable. The film is on my channel and many others, but by comparison, TikTok videos of dorks getting haircuts or homeless people living in their cars can get over a million views in a single day.
This is a trash society of ignorant consumers that cannot learn and think.
Money isn't going to solve this problem.
imagine how many people could go to the doctor with reallocating these funds
Small businesses don't have the lobbyists that big corporations have. Campaign finance reform seems to be the silver bullet here.
Unfortunately, small businesses for the most part are unable to compete with corporations that are able to buy supply in bulk at a discount. I think this is the root of the entire problem here. Even if the gov invests in small business..it just doesnt seem sustainable against big buisness these days.
As someone living in NC, yes, many jobs have and are coming to the state. So the incentives are working. However, the wages are not matching the growth so affordability is becoming more scarce for those already in the area. Another thing adding on to the imbalance here is NC and the Triangle specificity is a major and growing tech hub and it is common practice for this industry to import its workforce. Morrisville was literally built up to support the tech workforce. Also, NC is a Right-to-Work state which I am sure is very appealing to these new job providers. Unfortunately, there is no incentive for the population to stay. So the existing workforce is operating on hopes and dreams at best.
I don't want to completely shit on Roy Cooper. He has been able to provide a lot of positive to the state with an extremely conservative Senate and House working against him. But... John is right here. Roy is saying you can have your cake and eat it too, but you can't. Something has to give. And right now that give is coming from the workforce/general population of the state.
The juice is always squeezed from the least powerful, and most squishy fruits.
I also have to deal with poverty ($10/hr minimum wage)
No benefits (you have to be full-time to qualify)
No healthcare (medicaid expansion was denied until recently here)
Unaffordable housing
Unaffordable college
The US had a radical solution to unemployment and a broken supply chain after the attack at Pearl Harbor: legalize weed.
Watch the 14-minute 1942 US Department of Agriculture video, *Hemp for Victory.*
The federal permit to grow Cannabis that is shown in the film reads, "Producer of Marihuana." See hard-working Americans working in hemp fields and factories to produce life-saving equipment for US soldiers who were fighting overseas to defend our liberty and democracy. End the war on drugs which has cost the American people both freedom and safety. Reduce government spending on police and prisons and surplus military hardware. Transfer billions of tax dollars every year back to education, health care and infrastructure. Rearrange the way that the entire world does business.
*Hemp for Victory* was specifically hidden from the American people from 1945 until it was found in the Library of Congress in 1989 and has been ignored by the US Federal government and corporate media because of all of the reasons that I just mentioned. The entire global economy is based on the oligarchic control of limited resources to keep production and profits in as few hands as possible. *Hemp for Victory* changes everything.
The film is online at an official .gov link from the US National Archives, but no one in American media will talk about it.
There was a bill introduced in Congress titled HR 3652, the *Hemp for Victory Act of 2019,* but again, no one will talk about it. Not even Tulsi Gabbard who introduced the legislation would call a press conference to explain to the American people what *Hemp for Victory* is or why it matters. Tulsi Gabbard recently guest-hosted Tucker Carlson's most-watched cable "news" program and still didn't use that national platform to tell the American voters about *Hemp for Victory.*
Day after day, for 80 years, this film has been censored and ignored in order to create this mess of a system of greed and lies that has left so many people behind, and the People are so oblivious that they don't notice a government video at a government website that proves that everything that they've ever been told is a lie.
@@Marijuanifornia is this just a cut and paste? What does it have to do with the conversation?
Yeah; it's seldom a good day to see your governor talking to Jon (fellow North Carolinian here!). Cooper's *a lot* better than whatever other options we had last election -- but NC's reticence to tax businesses & its right-to-work policies are gonna bite them in the ass once the growth slows.
Nvm the decades of underpaid education workers (at one point, NC was 48/50 for teacher salaries)...
"...wouldn't you rather have a tax credit for a company that promises you..."
The promise of a company is probably one of the last things I would ascribe any value to.
Are you saying it's not contractual? That they if they don't meet the requirement the tax credit is still there for them?
@@MichaelBylehn Never heard of pillow talk? At this point we quit hoping the corps still respect us in the morning and have moved on to begging them to stay. They use competing states as leverage to get better deals and incentive packages.
@@michaelhanson3509 Schimich is correct, the corporation signs a contract with the city / state. The will have more demands to meet other then come here and open up, like number of jobs and wages. You're correct that a corporation does have some leverage, but it's nothing like how the NFL teams have over a city. Build us a new stadium or we leave, and the tax payer then get put on the hook.
@@michaelhanson3509 That doesn't change that corps can't breach contract.
Sure states compete and that gives corps better deals, but a deal's a deal.
@@MichaelBylehn One thing that corporations do privately is something that Trump does openly: Once they have the money in their hands, corporations' response to calls for more jobs tends to be, "New phone, who dis?" Say what you want about Trump, and God knows we all do, he really shone a light on the rot in the American Experiment. It is fixable, but we have to actually do it.
Why does a state “need to be at the table” with a corporation? It’s the state! The business environment is what it is, and ‘people are coming here because it’s a great place to do business.’ Falling over backward to give money to those with money. Meanwhile, child lunches in schools. Good segment and great questions J.
He's saying that it's to ensure there are enough jobs at certain wages in the state. If the business world is left to its own devices, it could only have jobs in a select few locations. Yes it sucks to have to give money to corporations, but he's trying to say if corporations were taxed properly it would balance out.
Because there are multiple states in multiple countries. And if you don’t incentivize a corporation to come to your state and provide you their wages and tax income, they’ll go elsewhere and you’ll have zero.
@@NeroNyte “if corporations were taxed properly...” my point exactly, thank you for your comment. Most of this type of campaign is corporate propaganda and gaming the system.
@@Jeddin This is the mess that the states themselves have gotten themselves into by providing corporations with so many breaks and this had an impact on the rest of the world as well… worse in the states, but bad never the less. Because we’ve created a system to work like this NOW doesn’t mean it’s working well for the people or it’s the right system.
It's self serving for both parties.
Corporate welfare has become the way of life in the U.S. Examples include (1) taxpayer-fund stadiums for professional sports teams; (2) allowing businesses to keep the state and local withholding taxes they collect from their employees; and (3) giving $50 billion tax credits to computer chip makers. When I was going up, the politicians always talked about the benefits of our “free enterprise” system, but that was a long, long time ago.
At the same time politicians cry a $15 minimum wage will destroy the economy.
You should see the 35 million ball park taxes paid for in Gastonia NC. It's a complete joke. Most high school ballfields look better than this. Greedy politicians red and blue.
I’m in nc. We are lucky to have gov cooper. He is a great democrat that works for the people.
His name came up, as an alternate to Joe Biden running for president. So, that's why I'm looking at interviews with him. And on this topic: Jon Stewart is saying, the game stinks. And the governor is like, "it's the only game, and we'd be fools not to play it, like all other states do." Growth is very important to any economy.
With the Republican NC General Assembly, a woman's right to choose would be gone in NC if it weren't for Governor Cooper.
It's sad to think sbout what Cooper could have done if he had had a Democrat majority in the the state house.
What he could do with an intelligent NC Gen Assembly would be epic.
He's done a lot of good for NC, despite the Rep opposition.
500,000 low-income North Carolinians would have medical insurance aka Medicaid.
Too late. It’s already gone now, with the legislature funding pregnancy centers. You should leave if you have any wits about you.
Everytime someone sits down with Jon, I fear for them. My first thought is always "You better be prepared!"
Kind of like 60 Minutes used to be.
I feel like this guy faired way better than most. He at least had responses.
Most people that go against Jon get wrecked, but i think the guy did pretty well as far as i can tell from the short clip. I really like that Jon asked "but are we doing it in the right way?" I dont have an apple sub, but i hope that question lead to a meaningful conversation
Cooper is a good Governor
Trillion dollar companies getting tax breaks?The tax rates are insanely low and still received more .Meanwhile, the Treasury hits me up for every nickel it can get.
Jon is doing the investigative work that newsrooms have abandoned.
Proper newsrooms don't exist anymore. What the corporate news media passes off as news are really just press releases from the rich and powerful. It's pathetic.
true!
That's because the newsrooms have all been bought up by these big businesses. Now it's all boilerplate templates across the board and ad revenue.
Newsrooms have not abandoned investigative reporting - certainly not at newspapers (television news is another story) - but Jon blends humor with his pieces and that is going to get him far more attention from people who want to be made aware of the harsh realities of current affairs but also don’t want to be depressed.
Jon failed miserably. Why didnt he just interview the people who have done the studies and wrote the books on how this is a colossal scam and fleecing of tax payer dollars?
North Carolina resident here. I'm proud of Cooper's ability to hold his own in the this wonkiest of conversations. I don't really know who's right or wrong here. Jon had some good points, but then he's never had to run a state.
And as usual, Jon Stewart is right: for the second year in a row, North Carolina is ranked dead last for workers.
Though to be fair, it needs to be pointed out that Gov. Cooper has very, very, VERY little power for what he can do here- we've got one of the most corrupt legislatures in the country here, and when Cooper was elected to office, that legislature stripped him and his office of a significant number of traditional powers to get things done. We're absolutely stuck here when it comes to getting anything done to benefit the residents of the state, so the only hope that I think a lot of progressives have here is that enough workers coming from out of state will vote blue that they'll kick the bastards holding us all hostage out of power.
-North Carolina native
The damn Republicans stole my vote via their gerrymandering!
As a North Carolinian I remember Chiquita getting a deal to move their corporate center to Charlotte for some tax breaks, they even committed to staying after the contracted tax breaks. I may be mistaken but the way I remember it going down is that Chiquita made a deal with another city before their contract with Charlotte was over, for better tax breaks and left as soon as the contract was over. I'm pretty sure their offices are still vacant.
@Open
indeed chiquita is a slimy company.
Remember when the cia helped steal fruit/banana plantations for them ?
I remember Winston Salem gave Dell a sweetheart deal that didn’t pan out as Dell shut it down after just a couple of years.
Here's a kicker...these companies getting tax holidays or abatements take huge tax write offs against their profits when they move offices/locations so they stick around until their tax burdens kick in and move...use the cost of moving to write off the taxes they may owe after the incentives expire...and go to a state offering another 5-10 yr write off period. AND we the taxpayer end up shouldering the lost tax revenue through increased property taxes and sales taxes.
A company never going to employ people they don't need. And a company will always employ people if they absolutely have to.
I wish more people learned how economics work. The idea that "If I just had more money, I'd just start creating jobs left and right," is either an indicator that you don't know how to run a business, or you're pandering to people who don't know how businesses work.
@@roccaflocca4312 The people saying that stuff do know how economics works. That's why they're saying and getting away with it. They know how to manipulate the system. They make excuses to the less educated to create a narrative that they'll believe so they get funneled more money. Then they don't create those extra jobs, or only a small amount relative to the subsidies they received, just to show that they fulfilled their promise.
Elon Musk is a prime example of this. He came up marketing himself as this billionaire savior who is going to create all these jobs and wonderful technology and revolutionize the every day person. Meanwhile he's feeding politicians big bucks to push laws that help him, and block laws that hurt him, and getting the public to vote for these politicians with his savior narrative. And what has he really brought to the table? Nothing. Nothing he has accomplished has been anywhere near the level he marketed it to be. In fact, he's specifically been yanking jobs because the state laws in California don't cater to his whim. He's firing people who push for better working conditions and people who try to unionize. He doesn't give a rats ass about anything but lining his own pockets. And this is the case for pretty much every business.
This is capitalism at work. Where profits are all that matter and if "we just had more money, we create more jobs."
@@roccaflocca4312 Just depends on the business model and what your goals are. Not everyone runs a business for profits alone or wants to be the richest they can be. There are also tons of pet projects of rich people that lose money.
@@thealternative9580 a business needs to be sustainable, or else it's a charity.
@@roccaflocca4312 and what's wrong with charities?
Our society fails /because/ we are focused on business and making money. It doesnt have to be that way.
I am actually impressed with my Governor's ability to explain the nuances of our state. Very few things exist in a vacuum. It would be great if we all believed in exactly the same things, but I believe that incentives to create jobs is not the same level of human damage as abortion bans and LGBTQIA rights removal.
There were no nuances explained really, just excuses. The result is still what Jon said before, the deterioration of the state's foundation has started, and sure some people, especially new business owners may benefit from the increase in population but this won't end well overall even in the best outcome of such a setup.
From my observation, companies that get theses incentives do the absolute minimum to meet their requirements in terms of jobs created, etc., then when the terms expire, they immediately start to cut costs (such as eliminating jobs) and start angling for further incentives, even threatening to cut jobs or move elsewhere, even if they have no intention to.
It’s a never-ending cycle of trying to squeeze money out of workers and municipalities. Talk about a “slippery slope” and “give them an inch and they’ll take a mile”.
To minimize the damage, contracts should include punitive actions for when companies fail to meet and maintain their end of the deal, and the terms should last long enough the municipality has a good chance of reaping the benefits they are hoping for.
It's amazing how well known it is that I pretty much wrote the exact same as your first few sentences in another comment on this video. The fact that the intial list of obligations are already lenient doesn't help the situation either, therefore before the state can get a return on it's investment (a return that wasn't even promised to be in the green) the company makes all the money it wants then skedaddles, no legal issues necessary.
I still remember people threatening AOC because she didn't want the Amazon HQ to be in NY. Then all the reports started coming about the inhumane work conditions. Corporations ALWAYS win. Always. It's how they stay in business.
Queens resident here who is in her district! I just passed by LIC close to where the HQ was going to be and the development has been astronomical since I moved here in 2012. We didn’t need Amazon to make that happen. A mix of small businesses and larger ones like Trader Joe’s and target. Furthermore this week Amazon stated they are pausing the development of the NoVa HQ which means that land that could have been developed earlier has lost out on time and money. Of course not everything is dandy here. Would love to see more investment in the subway lines near me. But the argument that this would killed jobs right where the HQ was going to be is not true.
Corporations took egregious advantage of the south and it has kept it's inhabitants some of the poorest
As much as people like to talk about New York and such, the urban setup means a bigger market and workforce which equates to stronger leverage against such companies and their incentives. So while the greedy politicians still use incentives they price tag is lower and the companies are more likely to stay, even if partially because access to the market is just too good an incentive on it's own.
Citizens United effers everything up, it's as simple as that.
As long as that stands, politicians will have no incentive NOT to be corrupt.
I'll never understand how the entire country just let that happen. I mean how was it even up for debate?
And then it actually just passed on through no problems.
Citizens United was absolutely terrible but honestly it was just another nail in the coffin. America has always been in the pocket of big business and it’s only gotten terribly worse.
Roy's not kidding. We've grown at a ridiculous rate. Roy's done good for this state. I like him a thousand times better than McCrory. McCrory was the devil in disguise. Roy does do the incentives but that's why the RTP is what it is today. We have tons of big employers which in turn helps my business of cleaning houses thrives. The more people in the area the more customers I can have. That goes for all the small businesses that have been here for decades before the population boom. I know there's better ways to get companies to come here but at the same time we're benefiting from the increase of revenue. Wake county schools have gotten so much better with the growth in the RTP. I've lived in Wake co for over 35 yrs of my 43 yr life & am proud of what it has become. Don't forget we had Jesse Helms too. We have a history of electing the wrong person. Cooper is far better than anyone we ever had.
This method is still going to result in a negative at the end of the day. Whether by slowing what could have happened naturally without it or by only having benefits be in very specific areas and the rest of the state suffering, basically mimicking America at a smaller level. That eventually leads to a further class split and the problems compound until everything is left worse than it started.
This will seem great to you as a business owner benefiting from a bigger population but it won't actually change anything for the better overall.
@@nfzeta128 you seem to think this is limited to NC? Why do you think so many things film in Georgia or in Vancouver, Canada? We have a sh*t legislature that over the past thirty years has crippled our education system and put corporations over people consistently. The only difference is Cooper is willing to be a grown-up and sit down and talk about it rather than run away like so many politicians.
@@jenniferr5562 I don't think it's limited to that at all. The point is what Cooper is doing is no different, it just seems so to people experiencing the few boons that comes with the method.
All those places got there by the same method.
@@nfzeta128 well, when I come to a team meeting which I have done for more years than I like to admit. I try to come with an at least an idea for a solution. So, how do you suppose we fix the capitalistic nature of America?
@@jenniferr5562 The fix is just to change the system, from the ground up because top down won't work anymore unless a big revolution happens and that runs the risk of picking a bad replacement.
For this specific situation team meetings and trying to keep your communities informed on what's really happening helps the most short term. After you gain enough support through that then you pressure the most local or viable seat of office and go from there. Unions are always a boon as well, that way even after the state does less than it should you can negotiate your own terms with the company so alleviate the negatives.
If corporate tax incentives are so great for workforces, why is it also ALWAYS true that the corporations that get those tax breaks pay their employees the least and treat them the worst?
They only give executives doing paperwork the money and not the people running the show with the customers.
Funny how the executives at mcdonalds making $18 million per year never drive up the price of the big mac, but we can't dare pay the laborers $20/hr. that's $9,109/hr btw
To me it makes as much sense as privatizing prisons, and then guaranteeing that you will have a certain level of population in the jail. It's basically encouraging the state to send people to prison in order to avoid having to pay fees for noty having enough inmates.
Best of luck ❣️🇨🇦. Not so many zillion aires here. Social Health care. Great schools. No more handguns. Etc.
Capitalism, "pull yourself up by your bootstraps", difficult bankruptcy, and temp jobs for the little guy,
Socialism, subsidies, bailouts, and favorable bankruptcy laws for the bug guys.
The governor actually kinda held his own with Jon. I'm sure a longer form interview should be interesting..
I dont think he did. I know what hes trying to do but enabling this kind of corporate couch surfing is a bad idea.
North Carolina is the best place to do business while at the same time the worst place to be an employee. We don't put that in the brochure though.
"Wouldn't you rather have a tax credit for a company that promises you that they are going to create a certain number of jobs at a certain wage rather than an across-the-board corporate tax cut?" Do I want a bad thing or another bad thing? I don't want either. I want companies to pay taxes. I want to pay taxes myself! I want to have access to the resources that the government can provide at a scale that my money could never achieve on its own. I reject the premise that there are only two bad options to chose from.
Yeah he definitely created a false dichotomy with that statement.
Not how it works in the global world. Those companies will pull out the plug and move to another state or better yet move to another country. Ireland has become the tech giant in Europe because they are basically a tax haven. So you either give them tax breaks or see them move their facilities elsewhere. Welcome to the global economy.
The problem is states acting like they have to lure in businesses anyway. I'm in NC and Roy Cooper is a very good governor, but I personally loathe this entire "incentives" nonsense. Plus the contracts don't seem to specify the jobs _going to local residents,_ so a lot of these corporations move in but import workers for the best paying jobs. Plus those new workers (usually from higher CoL states like California) drive up local housing costs, which is what's happening here in NC.
We need to get rid of this idea of wooing businesses to come to certain areas. The businesses should be the ones wooing states, not the other way around!
Exactly, if a governor think their state isn't enough on it's own just focus on building it up until the businesses can't ignore it, they want the market share after all, you don't actually need to give them much or anything more than that.
I'd rather have a community that has been invested in, to such a degree that companies are fighting to show up and employ them. Because to do otherwise would hurt their ability to innovate.
Exactly, and that's what seems to be ignored. It would help if there were federal standards being upheld but even without that, if there is local investment the businesses will come or they will be created locally as the necessary workforce is there and investment in infrastructure would attract more people which would create a bigger market.
Otherwise this current method is a band-aid, but a band-aid that has some of the worst bacteria in it and almost guarantees the wound festering, even if it started as just a little cut.
That's exactly how it is lol. Not that I give a shit about those white shitty ass fucking workers, but frankly in a developed country like the U.S. there's no incentive to really keep corporations that accountable for that if the workforce isn't worth it.
This is basic ECONOMICS 101! The truth is we're not going to get rid of the globalized economy and the truth is that even then the opportunity cost for Americans to produce items like nails or shoes is not worth it considering that we are a more developed nation with workers that are in generally more highly educated. The truth of the reason WHY manufacturing jobs were lost is because many of the workers were educated only at a high school level or lower. So frankly many of them weren't able to adapt to the new climate and once developing nations become more industrialized due to the fact that manufacturing jobs are going overseas, then frankly they too will push jobs somewhere else and it will eventually go full circle.
EVEN THEN manufacturing jobs are also just going downhill due to automation, so really you're going to need a more educated workforce in general already. It's almost like.....democrats are the ones doing the bidding for corporations.......too.....
I've always respected Jon because he's never been afraid to hold one's feet to the fire.
The problem with the incentives is that as soon as the tax cuts are gone, the corporation moves on to the next state that is giving huge handouts. I have personally experienced this over and over. If you can't pick up and leave with them ("The mobile work force", business theory), You end up unemployed. I have witnessed the shattering of peoples families who are unprepared for this outcome. The other thing is, you end up living in States and areas that are undesirable, just as Jon has stated.
Totally agree. This is what Amazon did here in Nevada. Took the tax cuts and before the the expiration date of the original deal, negotiated tax cuts with another county. They moved that county and started the tax breaks all over. The worst part is the original counties long term investment into the company is destroyed and the wages provided are gone to another county.
For what it's worth I do like Roy Cooper. He's stood up to Trump and other idiot Republicans several times. Important to note that he is unable to change a lot of things because it's a mostly red state, so pushing any change is a battle.
Thank you! You're absolutely right. He's been a great governor imo.
NC is a pretty moderate purple state.
The state is split pretty evenly but tilts right in terms of voting but not necessarily policy decisions.
He navigates the political landscape very diplomatically.
Welcome to NC. Where the rich people move to because middle class labor is CHEAP. It costs me 2 paychecks to pay for rent and health insurance. I am a plumber that makes “top pay” in my state
Middle and lower class people are moving to NC as well, but it's under false promises
Cooper is a fantastic Governor. Incentives are how you compete and win the deals. No incentives means you’re not even at the table. At least NC has some sound measures to hold companies accountable. Not perfect, no, but better than the standard right wing approach of give the baby away with the bath water.
Yeah, Cooper seems like a sharp guy. North Carolina is a beautiful state!
A lot of these issues come from the lack of federal mandate and oversight. You have states competing for corporate blessing, while the little man loses.
It's simple, do we want states running how our corporations do business, or do we want corporations running how our government do business.
I don’t understand how a govt entity balances financial risk when it comes to “investing” our tax dollars. Seems like the big companies want all the reward with none of the risk. How about the big companies pay back the incentives over time with their outrageous profits to fund essential services?
J-STEW AND ROY COOPER?!?!? I’m I in heaven right now?!
I don't like these incentives but I do have to say NC does claw it back if they don't meet their promises.
And it's almost always not enough to balance it out anyway. It's like someone borrowing money and after them not paying the 10k they owed you take up their car that's worth 3k and they only paid 1k so far. Better to have never lent that money.
There is a company that moved HQ from another state to FL in exchange for a tax package and promised to hire 700 locals. Except the company knew the area didn't have the talent. Instead they spent millions recruiting nationally and relocating people to the area. When they had to prove they brought 700 jobs to the area they couldn't. Not sure what happened after that. The deal was made w then gov Scott during a time he was up for reelection. In an area that is slowly turning blue and could be a tipping point for FL.
We got one man in the entire country trying to fight against corruption.
Seems like it. 🤨
Three: Bernie & Nina.
Russel brand is the guy that points and shouts “We have to do something about this!” and Jon Stewart is the guy that does the thing
@@lastnamefirstname2390 add Katie Porter.
You can fight against corruption too. Contact your representatives. Give testimony on bills. It shouldn't only be done by one person, or else the nation is doomed.
Governements only care about employment, but never about the quality of employment. People either are now being pooorly paid or work in hr, compliance or more bs jobs which is just depressing people.
It would be nice if States were working together on other aspects of a good business climate instead of how much money they can give. Corporations are really smart to have the States enter what is a 0-sum game, except for the corporations.
Also, how do those incentives work with remote work. Can a tech company get all the tax breaks and then hire people from another state/country even?
Unless language gets put in the law that says the workers have to live in that area, then yes. If a company is legally allowed to take advantage of such a loophole, you can be sure they will use it because not doing so would cost them more money.
Remote workers do not count for the Tax breaks. The State's want people hired in their states. Those who take transfers, move and are counted as new employees in the new State which they end up residing. Sooo, if it happens to you, find out if the Corporation will pay for the relocation.
I understand what Jon is saying, and I'm sure Roy does too. That it's a messed up system we shouldn't have to have, that the money should go to better things. But singling out one Governor and drilling him on it really does nothing. You can't expect one state to be like "You know what, you're right, no more incentives." And watch as every job under the sun is pulled out of their state
Oh, if the corporations make promises it makes perfect sense to trust them with our money.
He's a good, down the middle politician that respects democracy and the rule of law. He also knows the art of compromise and cooperation. I like him.
If corporations are so efficient, why do we always give them bailouts?????
Corporate incentives means more money for the corporate lobby which means politicians can line their pockets more.
Not sure if it was Jon or one of his staff that pushed this topic for the show but I'm so glad it's being talked about hope that rent control/landlords raising rates to nearly three times as much not even 8 years ago is brought up, using where I am a studio 200ft apt. Is 1500 plus utilities.
Have you seen the fragment on breaking points, about Pro publica basically exposing that landlords work in a sort of cartel to raise the rent EVEN MORE THAN IS SUSTAINABLE FOR SOCIETY, because the higher rent outweighs the vacancy costs of appartments?? It's truly sickening and basically criminal behaviour.
Ars Technica covered it too. There's a company that makes a software package, the sole purpose of which is to "take the empathy out of setting rent prices". Their words, not mine. Think they are going to get investigated for that eventually because it's price fixing but for the time being, high rents and nowhere to go. I'd move to a different country if my job didn't require I live in the states.
@@DarkRider1768 is that seriously their words, like, on their website? Is that how they advertise themselves?
If that is in fact the case, can't they be charged with something or other? I mean, this is so devilish, it's unbelievable.
@@DarkRider1768 22 years ago I moved from Boulder, Colorado to Thailand and now own 4 houses and could never afford a house in the U.S.
@@dvdv8197 yes, it was in a video advertisement that that company put out. "Take the empathy out "
YES WE'RE DOING IT THE WRONG WAY
Mr Cooper - "It's not all or nothing."
Jon - "But the system is rigged."
Mr Cooper - "So you just want to give up?!?!"
Mr Cooper - "So you just want to give up?!?!" .....Thats what i like to see
@@eking7690 The current system IS giving up, that's the point. The 1.5 billion shortfall shows that with all his talk, the math doesn't add up and the end result is a worse off populace with just theatrics the only positive.
I wonder how much of these incentives end up in campaign funds? Also who ends up with jobs created for them by the corporations?
Imagine if ANY of that incentive money went to creating LOW COST housing that would be available to first time single house owners? Wouldn't that lower the costs?
Imagine if cities fixed their damn zoning laws so housing wasn’t expensive in the first place
Sounds like the US could do with a prohibition against state aid like in the EU
It's an interesting problem. The United States seems to be such a disjointed country overall that corporations can play states against each other by demanding money from them just for doing business in THEIR state and not the neighboring state, and the states rush to outbid each other. It's a bit ridiculous when you think about it.
This is of course mirrored on the global scale, as whole countries do the same thing: Offering lower taxes to attract big corporations to invest there, hoping to benefit from their existence. I suppose there are no simple answers other than cooperation between countries (or states) to set limits to 'incentives'.
The best way to beat this is to get nearly all jurisdictions to agree to not give the subsidies. Easier said than done but not impossible. Start with the more appealing places and shame the ones that give in. Boycotts, labor organization, sabotage and anything short of legal defamation. Class warfare is real and the class of wealth fights this war everyday, the working class needs to respond in kind. A coordinated population can take down any corporation.. Example, next week if we all took a holiday from fast food, even better say Taco Bell alone ding ding, next month nobody pays their cell phone bill. These aren't good example for subsidies but it can apply to any corporation that relies on consumer spending. The trick is to keep it at the grass roots level to avoid legal liability. This kind of action could also unite our politics as long you can sideline the propaganda sources.
Roy Cooper went back to Jon with more evidence and reasoning than 99% of other interviewees. As a voter and supporter for Roy in the past 2 election cycles, this man should be in Congress or the White House
I'm in the NC auto industry. We just dismantled and moved a massive assembly line to TX. From my perspective, it's a pretty blatant race to the bottom of the barrel. We worked those Assembly line crews 77hrs a week and it wasn't enough.
Countrywide mortgage was in Texas. Paid low or no taxes deal w promise to hire lots of ppl. All they did was advertise lots jobs but didn’t hire hardly anyone. It was a scam.
Jon Stewart and my state’s Governor?!? Oh this is gonna be good 😂 NC politics is a poisonous cesspool from top to bottom, left to right and Gerrymandering is the mold on top.
I trust Jon more than anyone to ask the most pressing, important questions that no one else will.
Easy: corruption.
Get them jon!
No, this is stupid. If someone needs to explain the importance of incentives to you, then you’re utterly braindead.
Right to work really means right for companies to pay crap wages and no benefits to employees who have no power to push back.
It's basically the shortened name for 'The right ONLY to work'.
Someone has to pay the taxes the corporations dont!
sure do! The minimum wage workers they expect to fill the gap between the taxes collected and taxes abated, end up themselves ALSO needing taxpayer-funded income support, which only widens the gap!!!
It’s government and corporations passing the cost to the individual tax payers. Because the individual tax payer has no lobbyists. Thank You John!
The last thing a large company like Amazon or Apple should get is more government subsidies. Invest that money in education or small businesses and you'll see a much greater return on investment for the well-being of the people in your state.
I live in NC. Wages in my non-urban-but not-exactly-rural area have increased marginally. But everything else? Through the roof. Rents have increased for new tenants by 25-30%, food of course, and i just saw gas for $3.69, that's a $0.20 jump overnight.....wages are not growing nearly fast enough to keep up with just rent, not to mention inflation on goods and services. Affordable housing is a REALLY BIG issue around here--many low income housing areas were destroyed in hurricane Florence and have not been replaced, or are at much higher rents. Everywhere i turn, companies are buying up single family homes and even TRAILER PARKS to turn housing into a corporate-owned industry, taking family homes away from families who then pay extreme rents so some CEO can get rich....Roy, i voted for you. But you dems need to show us that you are truly fighting for us. I am tired of Dems who support corporations over people while telling the people that it's good for them. We don't buy it anymore.
I realize Roy here is battling against a conservative majority (even though as a state we vote about 50/50, our state legislature is super majority conservative? And no one thinks this is suspicious?). I voted for you, Roy. But i am --SO-- tired of pro-corporate Dems pretending like they are on the people's side.
the give money to big businesses JUST for the promise of adding workers? like, what else? theres gotta be something else to it.
More people are going to North Carolina because it's cheaper to live there than in Philly or New York or Atlanta. The population of Raleigh is about 1/5th the size of Philly, so there are fewer people to compete for properties, vehicles and jobs, forcing employers to incentivize people to work for them.
Legit, Jon, you could not have picked a worse example to use than NC.
No, that's the best, because even with all the supposed good intentions, the end result is still a negative. It shows that no matter how much you try under this system, the people always lose.
@@nfzeta128 Except the end result has been really good here in NC, it’s been ranked the best state for business.
@@programking655 and there it is, 'for business'. Yes a state with the most exploitation will be good for business. It's why slavery was good for business, why colonialism was good for business, why Hitler was good for business.
The thing we have to ask is, what is the politician getting?
They get popularity. They provide incentives to corps so corps can invest in the state and improve economy, if economy gets better then the politician gets popularity.
How many of those corporate promises end up being empty?
I loved the caveat about apple!
Out of all of the interviews I have watched Jon Stewart do (though I haven’t seen them all), this is the only one where the interviewee seemed prepared, intelligent, well spoken, and not defensive. I might not agree with everything Gov. Cooper said, he made sense and he didn’t take any questions personally or repeat annoying political platitudes.
the chance Jon wakes up one morning and changes his mind about running for POTUS.... please tell me it is greater than 0%.
I actually have no issue with this as long as stringent accountability and penalties. These companies have to spend a lot to build out the facilities. There is a domino effect. The more jobs, the more talent moves there, the more individual tax revenues, the more other companies want to move there.
No accountability, no study of net benefit & giving too much away are the real issues.
Exactly, seems like that is what Jon is exploring, that net benefit..🌝
In other words --- why corporate welfare...?
shouldn't taxpayers be able to SEE what companies our tax dollars are going to....?
If Jon was running for office, he would win this debate! Jon gets'em squirming once he tells the FACTS and what's popular with the voters! He would DEFINITELY get my vote!
The fact that not doing corporate incentive packages is not even in this man's orbit tells you all you need to know.
And if the workers are remote and live in other states??? 🤔a known thing in tech.
It's almost like we need some new agreement, where state and society provide the infrastructure and healthy workforce for buisiness and all buisiness has to do in the end is to pay the bill and keep the profits so everyone is happy. If only there was some fancy solgan for this kind of New Deal.
But I would never suggest it because at this point I wouldn't be surprised if Roosevelt's grandchildren sue me for copyright infringement.
"Would you rather have this kind of tax cut or a broad unaccountable tax cut for businesses?"
What a dishonest leading question - how about, you know, no corporate tax cut for the most profitable businesses to ever exist, lol.
I live in NC the main issue is that yes new businesses are coming in to the state but they’re mostly hiring from other states paying hire wages but many North Carolinians cannot compete and it’s creating a wage gap as well as housing scarcity for locals.
John to answer you question simply yes we are doing it the wrong way.
Stewart the chef....you cooking..
.. keep roasting!! 😂!!
Mesa Arizona gave Walmart, $86 million dollars in tax incentives, for One Store.
A store that probably decimated any small businesses already there. Some towns haven’t allowed Walmart to come in.
These sort of incentives are a race to the bottom. They minimize shareholder value, not the advantage to the country and population as a whole. They result in state A getting the absolute possible minimum to win over the rest of the states, minimizing tax revenue overall.
I honestly have zero faith it's ever going to get fixed. Our government is no longer about policy, it's all politics. We have one major political party that has monopolized the single largest demographic in this country, which makes their message so narrow and pointed, that it's never going to be broadly received. Then you have the other major political party, which is trying to cater to so many demographics at the same time through "Identity Politics", that their message ends up being so broad and all-inclusive, that it become garbled. So you have one group of people who are throwing eggs at the other, while the other is afraid to walk on the broken shells. I love the philosophy of the new party that recently formed, one that focuses not on demographics, but unity. Unfortunately, I believe that it may be too little, too late. I don't know if there are enough left who haven't bought into one side or the other anymore.
We're looking at the beginning of the American Downfall.
I'm sorry but this comment and that party you're talking about just sounds full of red flags.
man is it nice to hear these guys being asked tough questions and seeing them scramble
Tax breaks for states is a race to the bottom. In Seattle they built highway exits for tech businesses that moved elsewhere years later. States bid for better and better tax breaks to lure businesses to their state.
Why pursue the incentive is something you will never hear on any other interview except here
Jon does his homework.
It's great to explore the value of incentives and whether that's the right way to do it -- but that's a different issue than child care. In Cooper's defense, investing in child care is not a matter of money. Cooper needs the the General Assembly to do that, and they like to keep poor people down in North Carolina. If they allowed Medicaid expansion, which is primarily federally funded, 600,000 people in North Carolina could have health insurance. They appear to be slowly dismantling public schools. They've eliminated health insurance for future retiring teachers, which will have a huge impact over time. There's plenty of money in North Carolina, but the hard right is in total control of the General Assembly and may soon have a super majority and override Cooper's vetoes.
The only way to hold corporations actually accountable is to strengthen unions, and encourage workers to unionize. Politicans are busy giving up tax breaks to get a seat at the table then wanting campaign contributions. The unions actually hold corporations to their responsibilities to their workers. Once unions gain their worker power back from corporations, the politicans come crying to the unions for support.
Crazy idea, what if we change the paradigm?
Stop helping corporations expand/hoard money/stock buy backs.
And start programs that create entrepreneurship while at the same time pulling the down the largest competitors.
A wealthier middle class and less fierce competition means the middle class can have a chance to become the main job creators.
I don't know how this would work but there will be much smarter people in the country to figure it out if it is a good idea.
The Tax Abatement incentives given to corporations to come/stay in a particular state results in increased consumer and property tax increases to make up the shortfall. Basically, corp get to pay less wages, give fewer benefits, avoid legal accountability/responsibility for worker rights and workplace safety AND the taxpayers end up shouldering the burden to make up for the lost tax revenue!
AppleTV needs to take a page out of Last Week Tonight's playbook. Love Jon Stewart BTW.
Well the governor is right here.
Your ability to tax them depends on the competition and your comparative advantage, or they'll just move.
Tax breaks are a tool to allow more taxes on those who don't have better options, while not losing those who do.
If you want to tax more, you need to do it federally, and even more so, in cooperation with other countries.
You can only tax things happening in your territory, and high taxes are not helpful if they are not there.
make company executives personally responsible for the company's behaviour and you'll see huge changes in corporate attitudes towards keeping promises.
I don't get how "make sure you have x jobs at x wage" is good enough. Are they looking at diversity, turn rate (as in how quickly are those positions churning through people), abusive overtime policies, poor working conditions (no bathroom breaks, looking at you amazon), etc. If the government is going to use our taxes to "give us jobs" it would be nice to know those jobs aren't shit. Seems like the government should be regulating those issues either way imho.