John Mozena

John Mozena, an expert from the Center for Economic Accountability, unveils the troubling landscape of corporate welfare and its political implications. He discusses how state governments often trade taxpayer money for votes, fueling favoritism among businesses. Election year politics drive these decisions, with politicians leaning towards flashy subsidies over essential tax cuts. Mozena highlights the lack of solid evidence proving these handouts benefit taxpayers, questioning the ethical use of public funds in favor of private gain.

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.