The Big Numbers Behind Economic Development Freebies

John Mozena, director of the Center for Economic Accountability, dives into the astonishing $70 billion annual spending on economic development subsidies. He challenges the notion that these funds boost job creation, emphasizing the often hidden costs and lack of accountability. Mozena critiques the infamous Foxconn project in Wisconsin for its high cost per job and discusses the real versus inflated economic multipliers at play. He also highlights how these incentives can detract from crucial public services like mental health, raising important questions about their true value.