Episode 3 The
Ever wonder why you have a full-time job and a side hustle driving drunk people home from brunch and you still can’t afford the basic costs of life? Meanwhile, Jeff Bezos, one of our nation’s least essential workers, is launching himself into space? Something seems … a little off with our economy.
Keep reading to learn how us regular people can take some power back from massive corporations and make things more fair.
Please, sir, I want some more
If you're a person who doesn't have enough money to launch yourself to the moon, you're probably sitting here thinking, "This is extremely shitty! Why is the American government funneling massive amounts of money into corporations when it could be bailing out my student loan debt so that I can afford to pay for better health care?" The common rationale is that corporate welfare — using tools like tax breaks, bailouts, and industry subsidies — helps the entire economy grow and then we all benefit, but that’s not true. Just look at all the people who work for these giant, subsidized companies and are barely able to keep their heads above water. (Think minimum wage is enough to live on? See how far it’d take you in your county.)
Wanna know something fucked up? In 2019, state and local tax breaks for corporations cost public school districts at least $2.37 billion. In 97 school districts, corporate tax breaks robbed them of more than $5 million each. In 149 districts, these losses amounted to more than $1,000 per student. There is simply no way to spin that math so it seems good for the children, who as you may know, are our future.
OK, so for the 99.9% of us who don't have robotic butlers wheeling slowly around our mansions, the end result of this trickle down system has been ... not great! Basically, America now has a large segment of the population stuck in perpetual poverty. That's not only immoral, it’s really bad for business. If we make the system fairer, it becomes more efficient and then everyone really does benefit. But how the hell do we do that?
Jon Talks With Jamie Dimon, CEO of JPMorgan Chase
In the United States, we pride ourselves on having a free market economy—but we don’t actually have one. Corporations are given endless help while workers often struggle to survive. Jon sits down with Jamie Dimon, CEO of JPMorgan Chase, to discuss these two sides of the economy.
The Problem With Our Not-At-All-Free Market
In this episode, Jon sits down with Claudia Sahm, a former Federal Reserve economist with a passion for dunking on Larry Summers. They discuss the American economic system, who gets that sweet government cheese, and why Jon wasn’t as wrong as Jamie Dimon insisted.