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Economic Development: Last Week Tonight with John Oliver (HBO)

84517 ratings | 6896960 views
State and local governments offer large financial incentives to attract employers to their part of the country. John Oliver explains what communities get, or often don't get, in return.  Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
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Text Comments (6497)
debbie541 (4 days ago)
USA general motors (GM) jobs going to mexico in 2019, 800,000 gov works out of work jobs, jobs, jobs, going away trump whats up with that
casey hoffman (6 days ago)
Ugh such shameless ass licking and Amazon pandering
Elijah Carney (6 days ago)
I had this in pip and when he said that I was like O_O
Darth Obscurity (7 days ago)
5:45 You already know it's a failure by the newscasters line, "....drawing THOUSANDS of visitors......." A 100,000,000 dollar ark replica draws THOUSANDS of visitors? This is definitely a flop. He needed minimum in the 10's of thousands on just the opening day to pull in anywhere near the amount he was hoping for. I don't think Ken Ham realized how poor bible thumpers are lmfao.
Kevin Johnson (13 days ago)
I'll tell you who's getting something in return...the GD government workers who approved the incentives.  They are getting a kickback....believe that.
what about school
Allan Cavaliere (17 days ago)
Fucking stupid... 5 million species.. Extinct and present... What a fucking joke Noah
A. Yusuf (17 days ago)
You mean JERBS!
rgassmann24 (19 days ago)
By the way whoever is watching in December 2018, Amazon is on its way to Queens, NY baby. And we never needed an add
Chuck Brotton (22 days ago)
The "only reason anyone gets up before 11:00 A.M." ? He's not familiar with senior citizen mall walkers
Brandoch Garage (23 days ago)
incentives: exactly. what would they do with all that extra money? They are clearly the type of business that does not need an incentive. And if you don't offer an incentive these clowns could probably build their own country anyways and give themselves an incentive fer faks sake. The world is a joke sometimes.
PragaMaterUrbium (24 days ago)
Ha ha you must be Christian to worship Jewish prophet, aka Jesus. Makes sense.
facts about ur mum (26 days ago)
Taxpayer Subsidized Fuckboat would be an excellent name for a punk band.
Stonehouse Guitars (1 month ago)
It seems to me that he’s arguing against lower taxes for people while usually every other episode is how the government is wasteful; corrupt, and dysfunctional. Its a completely senseless argument. Once you admit that even a single taxpayer dollar was wasted, stolen, or misused, it immediately becomes preferable to simply not tax that dollar in the first place. An even more dangerous assertion I see lately is the misnomer that giving tax breaks or tax cuts is the same thing as spending money, which obviously makes no sense.
Eyenvoked Him (1 month ago)
Governments use the citizens as a wishing well. Let it rain men.
guitarerer1 (1 month ago)
This whole segment is incredibly shortsighted. Business that thrive in a certain state/city are going to create JOBS (yes, I know how i sound) which in turn creates revenue for said state/city through taxes. Lower taxes mean more small business can thrive (and small businesses are probably those businesses most affected by the "create one job per year" rule). If you take 1,000 people who are on unemployment and taking from the system and give them jobs with income that is taxable and they in turn go and spend money on purchasing things they need/want that improves the economy of the region. It might be a problem that BIG businesses are getting such large tax breaks, but every county knows that they would rather give a company a huge tax break than have said company move their ass down to another county and lose 100% of the economic benefits the company brings. HOW DOES JOHN NOT GET THIS?
David Nielsen (1 month ago)
America sure is messed up and is really screwed. I'm SO glad I'm NOT an American!
Nobonita Chowdhury (1 month ago)
Meanwhile the Bangladeshi government is like meh it’s survival of the fittest for everyone anyway.
Achilleas Kifonidis (1 month ago)
The Ark Encounter sank,like the real one would if it existed.
Emmet Myers (1 month ago)
goliath is a dam good show !!
Sevil Natas (1 month ago)
Jawbs
Tremayne Tyler (1 month ago)
.... I like goliath.
Philolaus Sith66 (1 month ago)
They are running odd headlong into battles leaving their houses and investments to despair. The scribes are not working and several industries are left to failing. I shall contact the enticements and mitigations officer from the New Spain militia and send a call to Project Paperclip. We will gain acquisitions of Du Pont and begin maritime piracy...Open the coffers and begin battle investments. It is time to strike! JK, LOL.
Doreen Dklutz (1 month ago)
And all this time, I have believed that only dummy economists like Uganda’s Museveni offer zero tax incentives to foreign corporates to attack their investment! How have I survived without John Oliver!
temaron cansler (1 month ago)
But do we have a valuable place to put taxes. I'm not saying that we shouldn't look at where are tax breaks are going but if we're going to do that we also need to look at were are taxes are going. Working a minimum wage job and taxes taking $160.00 off of Each check and almost getting to 10% taxes on basic needs. We need to reevaluate were are taxes are going.
John Waters, Jr. (1 month ago)
The bottom deck of Noah’s ark should have been the realm of dung beetles!
Jamirimaj (1 month ago)
"To fuuuuuuuuuuuuck"
1joshjosh1 (1 month ago)
I understand this guy smart and I understand this guy is funny but it's really easy to criticize everything when you don't have to make any of the decisions. All you do is make humorous situations out of other people's decisions.
Shadhin Magnito (1 month ago)
UNIVERSAL. BASIC. WAGE.
andre jacobs (1 month ago)
Neck deep in shit 😂😂😂😂
BR549 (1 month ago)
Jeff Bezos wouldn't recognize capitalism if it smacked him in his ugly face.
DaveyTheDJ (1 month ago)
Seriously
Michał Malinowski (1 month ago)
Wow- efficient. Here is a stupid idea- what if the state took all that cash is wastes on incentives for private entities and create a state own buissnes, and create jobs, and collect part of the profits back.
Roach DoggJR (2 months ago)
So our states are a bunch of cheap whores.
Ian Muir (1 month ago)
Not so cheap,handing out millions of your money
TanTheMan (1 month ago)
For the right companies, yes they are.
T. T. (2 months ago)
They should have filled the ark with fairies and dinosaurs but on the real topic: we know from experience that the trickle down effect doesn't work.
Ron Estrada (2 months ago)
I really like John Oliver
Christine Pierce (2 months ago)
🤓What if they built a Wally World and nobody came...hmm 🤓Oh did I say Wally World? 🙄 I meant the other big "W" you know what I mean 🤓😊😎🥁(drum roll) Just because they build it doesn't mean you have to go 🙄
TheTrueEnjoyME (2 months ago)
Well, I have seen Goliath. Might watch the new seasons.
J. Costa (2 months ago)
First of all, I love your show. BUT, this is not, by any means, the definition of economic development. And I'm not saying this to disagree with your message. On the contrary, I agree that tax breaks are not an effective way to incentive jobs and I say this because they're an option out of many. For instance, public investment is a very effective way to create more jobs. If you invest money on education or healthcare, either buying computers or machinery for a hospital or a school, or by hiring new doctors or teachers, you are either creating a job directly (hiring) or indirectly, by creating demand for the companies that sells those computers or equipment. And the best news is, the company that sells you the equipment will need more people to increase its production, and the people you hire will consume things and create incentives to a great number of companies. And the best news is: all of them will pay their taxes, so you get your investment back.
midtownboy _ (2 months ago)
Tulsa fucking won Amazon!!!
Pierre Blaise (2 months ago)
I lost it at the zerba
chaosXpert (2 months ago)
Reminds me of this Reason TV video which makes fun of how bad politicans want jobs: https://youtu.be/H_eG7leM6ew
PixlPlayer (2 months ago)
God damnit that triggered my Alexa lol
Bruce Baker (2 months ago)
"jobs Jobs jobs" Click bait. For voters. And, like "Funniest Comedian EVER DESTROYS That Guy You HATE In 17 Seconds"... "jobs Jobs jobs" gets your - click- vote. Sigh
Bruce Baker (2 months ago)
"Online mega retailers who purchased Scranton PA ALSO liked... Wilbur KS, Metronome WV and Bluntville TX." =-=-=-= What WTF means...shall, henceforth and in perpetuity, be pronounced differently. What? Tafuuuuuuuuuuuk.
Grecia Medina (2 months ago)
...to fuuuuuuuuuuuuuuck...🤣😂🤣
jskd2953 (2 months ago)
Jubs... Jubs... Jubs...
Tygearianus (2 months ago)
“Hey Alexa, where is the most interesting company in the world going to locate?” My god that aches!!! and that’s the mayor of Washington DC? Crrrrrrringe.....
Prashant Ramachandran (2 months ago)
So clearly all of this is done for political mileage. None of them politicians care about the economic downsides, and I am pretty sure they understand all this but don't bother because it is not in their political interest to do so. In fact, the opposite: it is in their political interest to appear to side with corporations and lie about "job creation" because the public eats it up and keeps voting them in. Which makes me think all the time: is there a practical way to switch the incentives over where it's in the best interest of politicians to actually care about the people and the community genuinely rather than corporations? I have spent many a day thinking about this but I can't think of a single, even remotely feasible idea. :(
Jeremy Mettler (2 months ago)
Great idiots giving away there country freedom and STL dumbass enough to wonder why great ball breath fucks
Jeremy Mettler (2 months ago)
Just shows how disgusting Americans have gotten . Idiots will there kids future in tolit for days work . With this logic count on grandkids starving to death fucking idiots spend a dollar to get 15 cents worth of work let the rich shitbags but your country dumbass . Like pro life and there moron shit vote Republican for babies but they say no free birth control . You create more abortion fucking idiots
Michael McGinnis (2 months ago)
Nobody ever mentions that the bible also says that Noah took 7 of each clean animal into the ark and 2 of each unclean animal.
Sure Lock (2 months ago)
jewbs
seth 06 (2 months ago)
I liked the show goliath. .l..
terry varta (2 months ago)
I binge on this fucking guy i dont know why
John Winslow (2 months ago)
I want a blow job
Shailesh Rana (2 months ago)
I have seen Goliath. Both seasons.
nonov yobiznez (2 months ago)
So who watched goliath? I may look it up
chipmunktubetop (2 months ago)
Vote out the retards.
YawMoney (2 months ago)
Steve!!!! Jobs!!!
Kyto Bytes (2 months ago)
Jawbs jawbs jawbs
Tarquin Kellough (2 months ago)
I live in kc and I feel sad now
Joanne Adah K (2 months ago)
And it already exploits the tax havens it HAS in other states... :(
cro4591 (2 months ago)
What part of 'Finite Resources' do Capitalists not understand?
dielaughing73 (2 months ago)
I'm guessing not the 'resource' bit
cro4591 (2 months ago)
J.O., you're full of sh't about "Goliath".
cro4591 (2 months ago)
Nearly every solvable problem facing humanity is a result of a, now global, acceptance of a fundamentally dysfunctional, unfair, incomprehensible, and thoroughly corrupt economic system. We have abandon basic decency and common sense, and replaced it with the Profit Motive. Drumpf is a symptom of our economic insanity.
Cold-Rice (3 months ago)
As someone from North Dakota... that's fair.
Julie W. (3 months ago)
You know what's funny? If they had SMART politicians, they would simply look at these to ensure that the tax incentives were REASONABLE. Enough to get people to bring their business, without going PAST THAT, while ensuring that the tax break isn't worth more than the potential BENEFIT!!!!! And I bet you ANYTHING that they are NOT EVEN CALCULATING THAT. If only these tax breaks remained REASONABLE, the United States would EASILY be able to pay for Universal healthcare. In fact, if Trump can give HUGE tax breaks to millionaires and billionaires (people, not corporations) on the taxpayers dime, there is NO REASON they can't offer it right now! In fact, your CURRENT costs for healthcare in the States, per capita, is DOUBLE our costs in Canada, per capita, and we get a Hell of a lot more. And our healthcare, isn't even the most efficient from my understanding. No, moral people aren't okay with children and babies dying, because their parents' insurance doesn't cover the cost, and they don't have the money. And a lot of the people arguing against Universal Healthcare, are the ones that DESPERATELY need it. Ones that better PRAY no one in their family gets sick (hint: praying doesn't work anyway). It isn't just for poor people. If the gov't pays it directly (not Obamacare - that was a bad idea, but I'm guessing that he was working within the idiotic framework the Senators / Congress were forcing him into), they will ensure the costs stay reasonable. Twenty years ago, US hospitals were charging $1.00 for a plastic band-aid. WHAT??? Something that costs them $0.10? An ear infection cost $15,000, and an emergency heart by-pass (one surgery) costs OVER $350,000 - that one surgery, plus the follow-up expenses could easily cost your house AND your business. Universal health care helps EVERYONE (except the top 1%). Not just the poor, like your politicians have CLEARLY been trying to sell to you. And the US government (and this will NEVER happen with Trump as he could care less how many people die) REALLY needs to control the cost of drugs. They are BEYOND unreasonable. They are holding people's lives for ransom. Because, there is NO WAY that ANY pharmaceutical costs anywhere NEAR $80,000 for a 30 day supply, but THAT is what they are charging for some life-saving drugs - beyond immoral. And I want people to research how much the medical treatments cost - whatever you're worried about - if you have Cancer in your family, look up Chemo & radiation. They are expensive - far more than the average person could afford. Dialysis is much worse. The cost of dialysis is $89,000 / year!!! Unless you are making hundreds of thousands of dollars a year (and sometimes not even then), it will NEVER be a matter of managing your money well. You could be excellent with your money and never HOPE to pay these costs. And without dialysis, you die. It doesn't keep for you, until you raise the money. And I want to tell all Americans something you NEED to know. Forget, "I'll get healthcare if I need it. Because, by the time you need it, you will NOT be able to afford it. Even if the new Trump healthcare allows pre-existing conditions, if you wait until you get sick (let's say you find out that you have kidney failure), your premiums will be well over $89,000/year (or OVER $7,500/month). WHY, might you ask? Because they are a business. If they know that you are going to need dialysis, their premiums will OF COURSE cost MORE than the cost of that dialysis, because they know they will have to pay out $89,000/year, plus more if you get sicker, so they have to charge AT LEAST that much. Private health care was designed to be like fire insurance. You pay for it, when you don't need it, so IF you do, you're covered. Like ALL insurance, everyone contributes, so that there is coverage for that one or two of you that has a fire (for house insurance) or health issues. That means that your only real option (like my only option is) would be group health care (if you tried to get healthcare AFTER getting sick), like through work (if the work plan even covers that). Now, in my case, it's only an issue for drugs and dental, because I live in Canada (and we have options for help with prescriptions as well). I am very happy that I don't have to worry about my basic Healthcare, or I would be so worried that stress would make my health 10x worse. On top of my issue, a family member had a stroke recently, so believe me, I feel very lucky that I was born in Canada. If you DO ever get a working Universal health care system (like all moral, first world nations should have), I guarantee, with no doubt whatsoever, that you will look back on this debate, and wonder WTH the hub-ub was about. Once you decide you need it. Put the congressmen (or whomever) in a room - no cameras, so there will be no beating of chests, and work it out. If other countries can manage to have a sustainable universal health care system, so can you (or isn't the USA as rich as other countries???). You have different people research different country's health care systems (two per system, in case one misses things), and you compare. You decide which would work best for you. Or take aspects from different countries. To initiate your own, when other people have already done the grunt work and worked out the growing pains, is, in a word, stupid. Being the last (or one of the last) 1st world countries to get universal health care gives you an advantage. That others have already went through this. To not USE that advantage, because your own arrogance doesn't like the thought of copying another country's system is stupid. There is no other word for it.
Maria Pennicott (3 months ago)
Americans are so regressive "really Noah's Ark " only Christians. Dumb
Steeldancer (3 months ago)
The number of times the politicians say jobs, it sounds like they're referring to jerking off.
Ls Vijay (3 months ago)
Dumb Americans, So much of wasting the money. You become poor country then you'll learn the real value of each dollar.
Tilmann Müller (3 months ago)
I'm for "Fuck you Amazon, be happy that we don't sue you for being such a dick to everybody who works for you" ... I would vote for that ...
SoLoMoN DaViDSoN (3 months ago)
I’m in Kentucky and even winning tickets to go to the Arc Museum at the state fair isn’t enough incentive to get me to go there?
Jake Dean (3 months ago)
Countries as a whole do this as well, it's disgusting. Stop buying from Amazon, which exploits its warehouse workers.
Otokogoroshi (3 months ago)
JORBS
Terry Sham (3 months ago)
Jobs Jobs Jobs Steve?
Mega Mars (3 months ago)
Hey I like Goliath!
Sternia Hoenheim (3 months ago)
Stop worshiping money and only then you're starting on the right path
Sarah T (3 months ago)
"to fuuuuu..." John Oliver. Adding fuuuuu.ny to ECON study. (7:07)
Jon dow (3 months ago)
Why dues America seam to produce such extremely nutty peal as its leaders? Ow what I know it is because the US closed most of its insane asylum back in the 80s, now instead of treating the crazes they let them run for office.
Twiggafinga (3 months ago)
Guess how the Ark is doing? Haha Kentucky lost so much money on it haha
Cody Archer (3 months ago)
Well to be fair to the ark museum not allowing homosexuals it directly goes against the bibles teachings and this is a very religous museum.
Johannes Knorr (3 months ago)
Actually I watched Goliath and it wasnt so bad😂
Dianna Gostlin (3 months ago)
politics has job = blow js
Tortenschlacht (3 months ago)
Hmm I understood cancers city XD
Leo Alexander (3 months ago)
Parents that try to convince their children that the Bible is literally true are nearly guilty of child abuse. They're essentially putting intellectual constraints on them that force them to opt out of the modern world, lest they betray their parents. Those kids are going to have go through life with their fingers in their ears, tie their minds in nots and logical pretzels, and filter everything they encounter through an obviously fictional Bronze-Age lens in order to cope with everyday, common-sense information they encounter. Why is faith pushed so hard by religion as some sort of virtue? Because the writers knew that it's the only way to convince rational people to accept something they'd otherwise recognize as patently ridiculous. Biblical literalism is a philosophical viewpoint that's only gained significant purchase in the last few centuries. Look at writings by members of the clergy and church fathers from 1000-2000 years ago and they talk about Genesis being allegorical. That's not to say I think it's particularly useful allegory, but even priests in the Middle Ages thought a literal interpretation of the Bible pushed the bounds of reason.
Aiming_For_Gaming (4 months ago)
what about love?
Stephen Martin (4 months ago)
Hey I just started watching Goliath.
Chis Baines (4 months ago)
Hello everyone my names John Oliver and I'm from England and I love nothing more than telling you all about my latest biscuit adventure, today I'm scoffing....malted milk. This particular biscuit is crumbly with a mmmm malted vanilla flavour mmmm crumble malty munch. More biscuit news later.
Strazdas (4 months ago)
It is possible to account for broader economic impact of industry growth using input-output tables. Its usually refered to as the input multiplier. I have yet to day to see an input multiplier high enough to even in best case scenario to make two of the three states investment viable (the 22 cent one is actually possible i guess). Thing is, high multipliers dont tend to be for film industry, it tends to be for service industries like sport clubs.
unfading89 (4 months ago)
It's true, I'm currently unemployed and I don't get up before 11am
Leon Willett (4 months ago)
golly gumdrops :O what a lot of words all in a row!
Bavel Singh (4 months ago)
Anyone else seen Goliath and actually liked it?
white noise (4 months ago)
American english is the best version of english that I can clearly understand. I can't understand british comedians pfff
whowantsabighug (4 months ago)
silly americans with their jarbs
J4Zonian (4 months ago)
Well, Duh, this isn't about local politicians being stupid, it's about them being corrupt.
taijiangah (4 months ago)
what about hand jobs?
Chencellor Nicotine (4 months ago)
I'm from Illinois and I saw one of those billboards and between that and Pence I now hate Indiana. WTF is wrong with them? They have no chill I guess.
main mast (4 months ago)
you are too smart to live here. let me know where you move to.
Chloe Lavalleur (4 months ago)
PLEASE do a segment on the nursing shortage!!!

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