The Daily Show: Ears Edition - Jon Stewart on Trump’s Heel Turn on Zelenskyy & Elon's Interview Challenge | Matthew Desmond

Episode Date: March 4, 2025

Jon Stewart dives into the Oval Office meeting between Trump, Vance, and Zelenskyy, which shocked viewers more than John Cena's heel-turn. Plus, Jon calls bulls**t on Elon Musk's challenge to an inter...view. Sociologist at Princeton University and Pulitzer Prize-winning author of "Evicted,” Matthew Desmond sits down with Jon Stewart to discuss his latest book, “Poverty, by America.” They talk about America’s welfare state, how society benefits from poverty, the opportunity to close the poverty gap if the top one percent paid their taxes, and empowering the poor with better choices like building worker power, and expanding housing choice. They also highlight how Democrats need to get more serious about economic justice to fully commit to poverty abolitionism.See omnystudio.com/listener for privacy information.

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Starting point is 00:00:00 You're listening to Comedy Central. From the most trusted journalists at Comedy Central, it's America's only source for news. This is The Daily Show with How are you? My name is John Stewart. Thank you! Oh man, we've got, thank you, thank God. We've got a great Joe Boy tonight. I'm very excited. I'm very excited. I'm very excited.
Starting point is 00:00:30 I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited.
Starting point is 00:00:38 I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I'm very excited. I Joe Boy tonight. I'm very excited. As you can see, I am fully healed. Oh, we see. This is what caused all the commotion.
Starting point is 00:00:46 They glued it back together. Where is it? They glued it back together. Boom. That's all. That's it. That's what nearly brought an old man down. A tiny puncture vial.
Starting point is 00:00:56 A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture vial.
Starting point is 00:01:04 A tiny puncture vial. A tiny puncture vial. A tiny puncture vial. A tiny puncture v boom. That's all that's it. That's what nearly brought an old man down a Tiny puncture wound that all the blood in my body went. Let's go We got a hell of a show tonight my guess sociologists and author Matthew Desmond is gonna be They love him. They love him. Fresh off his upset win as best supporting actor. And the crowd goes wild. But first, if I could just pick up something from the last time that I was out here. I made a bit of a critique of Elon Musk and the Doge program. Let me reset the scene. Um...
Starting point is 00:01:47 Um... Uh... I am not allowed to have big-boy mugs anymore. There was an actual meeting of the safety department of Paramount and Viacom that was like, no more ceramic for Mr. Stewart. So they wanted to baby proof. So this is... Anyway, we had some critiques about Doge after the show Governor Musk tweeted or exed, I guess, that he would like to come on here and talk to me as long as the show airs unedited.
Starting point is 00:02:33 So I thought about it, and after a prayerful week with my family... Well... A family. Well, a family. Family Hall Pass situation. You don't want to know. You don't want to know, and quite frankly, I don't want to know. But after thinking about his offer, I thought, you know, hey, that's actually how the in-studio interviews normally are. It's unedited, so sure.
Starting point is 00:03:23 We'd be delighted. As a matter of fact, let me sweeten or unsweeten the pot. The interview can be 15 minutes, it can be an hour, it can be two hours, whatever. I'll be honest, I don't think this network makes any other programming. So we can do whatever the f*** we want as long as we wrap before the new season of South
Starting point is 00:03:51 Park which comes out like May or June of 2026. So I am game. I think it'll be a very interesting conversation. But then I checked X again and I saw another tweet from Elon because you can't not. And he then said after saying I'd like to come on John Stewart cannot be trusted and that I am a propagandist and you give me too little credit and that I am not bipartisan. Again the guy who custom made his own dark MAGA hat that he wears to opine in the Oval Office with the president who he spent $270 million to elect, thinks I'm just too partisan. I'm really not sure what he thinks bipartisan means, but it's generally not.
Starting point is 00:04:57 I support Donald Trump and also Germany's AFD party. That's not bipartisan, that's just the same shit. So I guess what I would say is this. Look, Elon, I do have some criticisms about Doge. I support in general the idea of efficiency and delivering better services to the American public in cheaper and more efficient ways. And if you want to come on and talk about it on the show, great. If you don't want to, sure.
Starting point is 00:05:27 But can we just drop the pretense that you won't do it because I don't measure up to the standards of neutral discourse that you demand and display at all times? Because quite frankly, that's bullshit. You know it, I know it. Bullshit. So let's get to the big story. Americans are still trying to process the global realignment that has occurred following the disastrous Oval Office meeting
Starting point is 00:05:56 between the President, J.D. Vance, and Vladimir Zelensky. What happened, they say? Are we still America, they say? Who's side are we on, they say? It's complicated. The best way that I can explain what happened and show Americans how to process this new reality was with another shocking turn of events from this weekend.
Starting point is 00:06:18 On Saturday night at the Elimination Chamber, the WWE shocked the world as John Cena turned heel, joined the Rock and attacked Cody Rhodes. Now, if that does not immediately explain to you our current geopolitical climate, you must have grown out of watching wrestling through the normal course of aging. I, on the other hand, understand this in my bones.
Starting point is 00:07:01 This explains it, folks. All of your shock, all of your disappointment, all of your anger, it's in there. It's in the squared circle. You see, Saturday night, oh, we're doing this. Saturday night, John Cena, the good guy of professional wrestling, Mr. Hussle, the champ, the man who stood for everything,
Starting point is 00:07:25 truth, justice, the guy who literally holds the record for the most Make-A-Wish Foundation meetings of all time. People would get cancer just to meet John Cena. Last weekend, Cena flipped the script Last weekend, Cena flipped the script and went from being a face, a good guy, to a heel, a bad guy. Now, if you don't follow professional wrestling, and I'm guessing if you watch this show, you do not. I'm judging from, all right.
Starting point is 00:08:06 But let me continue to bore you with this metaphor. So here's what happened. The current WWE champion is one Cody Rhodes. Seven people say around. Cody Rhodes is the people's champ. Unquestioned bravery. He stands in for Zelensky in this metaphor. Couple of weeks ago, The Rock, the now evil owner of the WWE, Putin in our story,
Starting point is 00:08:38 made Cody Rhodes an offer. The one thing that I want more than anything in this world is that I want your soul. Who did? He wants Zelensky's soul. But sir, but sir, I am smaller and weaker than you. It will take incredible bravery for me to protect my soul and the soul of my people. But luckily I am not protecting my soul alone. for I have the support of the great John Cena! So, Cody Rhodes Zelensky told Vladimir Putin, Rock, no soul for you, mother-fucker!
Starting point is 00:09:38 And that's when they met in the Oval Office. America went to hug Zelensky, but when America looked up, somehow Putin had given John Cena the international sign for its time. And rather than repudiate Putin, America smelled what the Rock was cooking. And through that borshty haze, America delivered the nutshell, nut shot to the hopes and dreams of Ukrainians everywhere! And then for no reason, America jumped on Zelensky and started punching him in the face as many times as he could.
Starting point is 00:10:17 Too simplistic? No? This is it! Am I being too simplistic, assigning to the delicate art of Realpolitik a scripted outcome? Perhaps. But judge for yourself. Putin broken 25 times his own signature. 25 times he broke his fire. You're in no position to dictate what we're going to feel.
Starting point is 00:10:48 You're not in a good position. You don't have the cards right now. You're gambling with World War III. You're gambling with World War III. Have you said thank you once this entire meeting? We gave you through the stupid president $350 billion. You're either going to make a deal or we're out. This is going to be great television, I will say that.
Starting point is 00:11:10 It sure wasn't. But isn't that what you want from the high stakes diplomacy and real life urgency that ending war demands? And you know, even reporters got some nut shots in. Why don't you wear a suit? Oh, shit! No, you didn't! Let's do the dozens.
Starting point is 00:11:33 Oh, Zelensky, you're so poor and war-torn, you're down to one Brooks brother. Oh, shit! You've so war-torn, you've given up the meaningless protocols of business attire. If you think I'm pushing this metaphor, look at the stunned faces in the crowd at WWE when John Cena turned heel. I now present you the equally stunned faces of those watching this oval office pay-per-view. Scott, I've never seen anything like that. You've never seen anything like that.
Starting point is 00:12:14 Wow. Just wow. That was something. Caitlin, I want to start with looking at her face. I mean, Christiane. You broke Christiane Ongampour. The woman wanders unprotected through Taliban-controlled Afghanistan. Doesn't give a f***. Ten minutes of Trump diplomacy and she's like,
Starting point is 00:12:37 is anyone else dizzy? My A1C is plunging. Now, of course, there is one big difference between the WWE and the world of politics. In the WWE, they seem very clear on who the good guys and who the bad guys are. Nobody walked out of the match pretending that the guy who got nut-shotted was the bad guy. There was this attitude of ungratefulness seeing his smirk, seeing him roll his eyes, seeing him refer to JD Vance, the vice president, as JD.
Starting point is 00:13:14 He shows up in his equinox chic outfit to the doggone oval office. President Zelensky was also antagonistic and frankly he was rude. So impertinent, so disrespectful. Tone deaf going in and fighting back, getting sassy with the president and the... He was sassy. He was sassy. He was sassy. He was a real scallywag.
Starting point is 00:13:34 You know what I would say if I was there in the Oval Office with him? I'd say, you better watch your tone, mister. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag.
Starting point is 00:13:42 I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. I think he's a real scallywag. You know what I would say if I was there in the Oval Office with him? I'd say, you better watch your tone, mister. I think it was Churchill who during World War II was roundly criticized for being a bit lippy. Excuse me, mister, we'll decide where you're going to fight them, whether it's on the beaches or not or whatever. Poor guy, Zelensky, his nation was invaded.
Starting point is 00:14:06 He's against all odds held off a much bigger army for three years. And we're like, would it kill you to smile a little more? Dress a little nicer. You're a beautiful country. Nobody would know. Show off what you got. You know what I'm talking about? Maybe some of those rare medals I've been hearing some about.
Starting point is 00:14:27 But of course, if you criticize Trump's very clear hostility to Zelensky and very clear appreciation of Putin as being suspicious or a repudiation of American values as they've been outlined since World War II, Trump's people quickly set up straw men north of Richmond. If there are no negotiations, what is the alternative? Another four years of war? We're not saying there should be no negotiations.
Starting point is 00:14:51 We're just surprised at the side you seem to be negotiating for. President Trump recognizes the urgent need to end this war after three long bloody years. President Zelensky has different aims in mind. Yeah, both ship, I'm pretty sure everybody wants everybody wants and Hitler wanted to end the war just not the way it ended. You're pretending that we have the suffering and loss and death.
Starting point is 00:15:24 But you know what would be even worse? World War III. Yes, I'm sure your heart, in quotation marks, is breaking. But in your little zero-sum formulation, you are correct. Total capitulation by Ukraine, loss of all their mineral wealth and no security guarantees, is still better than World War 3. For now. But you know, everything sounds better if the only other option you're presenting us
Starting point is 00:15:51 is World War 3. You can listen to the Amelia Perez composer freestyle another f***ing verse at the Oscars or World War Three. Eventually, you will agree to hear another verse. Buy a hair. These guys are so f***ed up, Trump's ass, they can't even admit that this meeting was Russia's wet dream. The world is now watching how Trump behaves and acts when he's pressed.
Starting point is 00:16:26 I thought he stood up for America, that we're good people, we want to help you, but we're going to be respected. So I think Moscow is probably more afraid of Trump than ever. Yes, people get terribly afraid when someone viciously takes their side. They must be quaking in their... What do Russians wear on their feet? I don't. Is it shoes inside other shoes and then they get very small?
Starting point is 00:16:58 Until the last shoe that you take off is a tiny shoe and you're really, you're positive this has got to be the last shoe. But no, you're a little baby tiny shoe. You're a little baby. You're a little baby tiny shoe. No, look, you don't. You don't. You know what, Putin must be quaking. Let's get the, this is the actual Russian state television view on Russia's fearfulness.
Starting point is 00:17:38 The new administration is rapidly changing all foreign policy configurations. This largely coincides with our vision. America said, do whatever you want. It has nothing to do with us. It's such a pleasure to watch. Basically, he is taking our bread and butter. We wanted to saw the Western world into pieces, but he decided to saw through it himself.
Starting point is 00:18:00 Not only are the Russians not fearful, they're f***ing delighted. Do you know how hard it is to delight a Russian? There's only two ways to do it. Break up the Western Democratic Order or... ...bear on roller skates. It's the only two ways! Or social media dash cam death.
Starting point is 00:18:22 Three things, really. Look, none of this is to say Zelensky handled this meeting well. Everyone knows by now Trump's love language is subservience. If he calls your wife ugly, you praise him. If he calls you whittle, you run his State Department. And if you're a foreign leader who wants to be on good terms with America,
Starting point is 00:18:40 you gotta butter Trump up like he's Texas toast. British PM Keir Starmer knows how it's done. It is my pleasure to bring from His Majesty the King a letter he sends his best wishes. It's an invitation for a second state visit. This is really special. This has never happened before. This is unprecedented and I think that just symbolizes the strength of the relationship between us. So this is a very special letter. That's how you do it, Zelensky! It's a letter from the king! It's got a wax seal on it!
Starting point is 00:19:39 It was brought here by Harry Potter's owl! What a delight. Ooh, the king is throwing you a ball. You'll be the belle of the ball, and then I'll sweep your chimney. Ooh. Oh. Oh.
Starting point is 00:19:56 Oh. Oh. Oh. Oh. Oh. Oh. Oh. Zelensky shouldn't have gone in there with,
Starting point is 00:20:04 Russia hasn't abided by any ceasefire agreements, so we can't trust him. He should have gone in there with Russia hasn't abided by any ceasefire agreements so we can't trust them. He should have gone in there with a desert cart and a Keefe Hotel opportunity. So this meeting has deeply wounded America's alliance with Ukraine as well as the rest of Europe and the punditocracy. It's having a hard time figuring out the strategy. I worry that the president is actually not interested in a deal about Ukraine and and but I don't understand it.
Starting point is 00:20:30 The question now Jim is what happens in Europe. How does this make America great again it just does not make any sense. You poor. It makes perfect sense if only you watched professional wrestling. Do you get it? It was a heel turn. I'll explain it again.
Starting point is 00:20:58 It was a heel turn designed to create the alliance Trump always wanted in the first place. What's to understand? Trump and the Republicans like Putin better. Just listen to Putin! The radical neoliberalism destroying traditional values, the obsessive emphasis on race, modern cancel culture, it turns into reverse discrimination, reverse racism. They invented five or six genders, transformers, trans.
Starting point is 00:21:35 You see, I do not even understand what it is. Share toilets for boys and girls. Cats marrying dogs. Will and grace reboot? I mean come on! It sounds like Putin is primaring Marjorie Taylor Greene from the right. A woman who by the way gives up the whole point of this realignment. The Ukrainian government is attacking Christians. Russia is not doing that. They're not attacking Christianity. As a matter of fact, they seem to be protecting it. By bombing other Christians.
Starting point is 00:22:12 So everyone's wondering, why isn't Trump aligning himself with the West? In his mind, he is. Western civilization, not Europe. To most of us, Russia is not that, because we, and historically everyone, has used the West to mean Western values. Europe represents the expansion of liberties
Starting point is 00:22:35 advocated by great Enlightenment thinkers like Locke, Voltaire, and Rousseau. But to MAGA, this is Europe. It's f***ing gay. Super gay. When MAGA talks about Western civilization, they mean the Knights Templar. Still pretty f***ing gay.
Starting point is 00:22:59 I gotta say. But excitingly so. But that's the thing. It's not democracy versus dictatorship or capitalism versus communism anymore. It's woke versus unwoke. And Russia is not woke. They're very tired.
Starting point is 00:23:19 They're comatose. It wasn't decided in a particularly volatile meeting on Friday. You've got to give credit where credit is due to MAGA architect Steve Bannon. They've been working on taking out the EU for a while now. It's a global revolt. It's a zeitgeist. We're on the right side of history. The beating heart of the globalist project is in Brussels.
Starting point is 00:23:43 If I drive the stake through the vampire, the whole thing will start to dissipate. We'll call it the movement or the cause or something like that. And that's literally when we take over the EU. Holy shit! What a concise, centrally planned social engineering scheme. But here we are, the end result of a scripted arc that culminates in America betraying its old alliance for the lore of a strongman partnership that carves up the world's rich bounties and places classic democratic values behind transactional convenience.
Starting point is 00:24:15 So say it with me, conspiracy theorists. By design, it's a new world order. So Europe, sadly, if I may... When we come back, Matthew Desmond's here. Don't go away. Thank you. Thank you. Thank you. Thank you. Thank you.
Starting point is 00:24:45 Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.
Starting point is 00:24:53 Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.
Starting point is 00:25:01 Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. called Poverty by America. Please welcome to the program, Matthew Desmond. Sir! ["Poverty by America"] Thanks for being here. Good to be here. Let me say this.
Starting point is 00:25:20 Fabulous book. Thank you. Filled with such interesting research and unusual and I think really interesting ideas. I mean, does America require poverty to function in the way that we do? Is it a requirement of our society? Yeah, no, I don't think so. No, no, no. I mean, is the system we run, do they require in the capitalist system people in poverty
Starting point is 00:25:51 to function at maximum profit? I think a lot of us do benefit from poverty in ways we don't realize, right? We soak the poor in the labor market, the housing market. We continue to have a government that gives the most to families that need it the least by subsidizing affluence instead of fighting poverty. We continue to live a government gives the most the families that need the least by subsidizing affluence that are fighting poverty. We continue to live in segregated lives a
Starting point is 00:26:09 lot of us are connected to that problem, but it also means we're connected to the solution. I don't think we have to live with all this poverty in America. This system can work you say something in the book that blew my mind which is there's a part in there we you talk about the tax burden. Yeah. And if we just collected the taxes that were owed. Yeah. It would account for one
Starting point is 00:26:32 point something trillion dollars. And your calculation of how we could end poverty in this country was how much money. So if you take everyone below the poverty line and lift them above it that's about one $177 billion a year. And it's a super rough estimate. But it gives us a sense of what we're talking about when we're talking about ending poverty, because that's so utterly attainable for us, right? That's less than 1% of our GDP.
Starting point is 00:26:56 So a study came out that showed that if the top 1% of Americans just paid all the taxes they owed. Just the ones they owed? Just the ones they owed and not got taxed at a higher rate, just paid what they owed. We would net about $175 billion a year. So we could just about close the poverty gap. Just with and without levying other taxes,
Starting point is 00:27:17 just collecting what we need. Right. I mean, so like... So, blah, blah, blah. Yeah, right. Yeah. Like when you say that,a! Yeah, right. Yeah. Like, when you say that, I just go, no! That cannot, that can't be.
Starting point is 00:27:31 But be. That's insane. And it's not, the one thing I will say, it's not like we don't spend money on alleviating poverty. We do, the budget for America was what? $3.7 trillion 10 years ago. Now it's like $7 trillion. We do, the budget for America was what, 3.7 trillion 10 years ago, now it's like 7 trillion.
Starting point is 00:27:47 We do spend the money. Are we just spending it inefficiently? So I think we have to recognize that the things that we are doing to fight poverty now really, really matter. Medicaid, food stamps, you know, housing assistance. These are lifesavers. Right. Right? And so these things, these programs are lifting millions of folks above the poverty line
Starting point is 00:28:13 every year. We also have to recognize that we have to do more, because the problem is getting a lot worse. So over the last 50 years, we've had wages stagnate for too many workers, we've had housing costs soar, we now have the lowest wages, some of the lowest wages in the industrialized world in the richest country in the history of the world. Our poverty levels are higher than almost all other countries in the industrial world.
Starting point is 00:28:38 They're not just higher, like our child poverty rate is double what it is in Canada, Germany, South Korea. You go to Europe, Europeans have this phrase like American style deprivation. So it's... I don't even want to know what the German word for that is. But it sure it's very long and sounds like someone has bronchitis. Right. But it's this is the part that's shocking.
Starting point is 00:29:03 We've done things. I'm going to go back to the pandemic that there was the era, the rent assistance program and the child tax credits. Poverty dropped in the pandemic when people were really suffering. By what percent? So the third rescue plan, the third rescue bill under Biden, signed it in March, right? We dropped child poverty by 44% in six months because of that intervention. So we naturally at that point had to end it very quickly. Right. That program.
Starting point is 00:29:45 Right. Well, a lot of that because we were quiet. We were quiet. We dropped evictions to the lowest they've been ever on record. We did the most for poor kids we've done since the war on poverty in the Great Society. And there was not a lot of us saying,
Starting point is 00:30:02 this is the new America that we want. We weren't writing our congressperson. We were talking to our neighbor about it. We were quiet and in our silence like five million more kids got tossed into poverty the next year. And so I think the big is it a question of when we think about we always think like well for people below the poverty line there's a ton of programs for them. But I'm a little bit above it, and my parents are getting older, and my kids are going to school, and I'm in a tight squeeze,
Starting point is 00:30:30 and quite frankly, I don't want any resources that I might have to pay to see. Are there too many people even above poverty who are struggling, but feel like I'm not getting any value on my return for tax dollars? Isn't there a little resource guarding? And by the way, not without cause. Yeah, there's something to that.
Starting point is 00:30:49 But one thing that blew me, I think the thing that blew me away writing this book is that if you look at everything the government does for us, all those poverty programs that flow to the poorest families like food stamps, social insurance, like social security, but also tax breaks.
Starting point is 00:31:03 You got to count tax breaks. You know, they cost the government money and they put money in my pocket If you add all that up you learn that the average family the bottom 20 percent of the income distribution So our poorest families they're receiving about twenty six thousand dollars a year from the government. Okay So the average family in the top 20 percent are richest families. They're receiving about thirty five thousand dollars a year from the government uh there say that again? So this is the true nature of our welfare state. They're getting about 40% more than the poorest families. And then we have like the audacity, the shamelessness to look at a program that would like reduce child poverty or make sure all of us had access to a dentist and be like, gosh, how could we afford it?
Starting point is 00:31:49 Right. You know? Here's where they go with that. And this is the thing that I would like you to talk about, which is what they would say is, oh, yeah, but the top 10%, 20%, they pay all the taxes. I don't think people understand what a regressive tax system we really have for people not just at poverty but working class, middle class that comes from sales taxes and everything. People pay much more percentage of their income at the lower levels even though it's not federally taxed. Right.
Starting point is 00:32:21 So you know a lot of folks just look at that income tax and they'll say the poor aren't paying taxes But that's like counting calories only by counting what you had for breakfast, right? You know, and so if you're looking at a whole tax structure, you see, you know A lot of the poor working-class middle-class folks are paying the same Tax levy as rich folks the folks that have the lowest tax burden in the country, of course our richest families makes no sense But we're not bad people. No.
Starting point is 00:32:48 So what is going wrong? Is it if you were Doge, if you were there to say, Yeah. how could we do this more efficiently to get people that are struggling to alleviate that? Because in many other countries, they do do that. Yeah. What would you say?
Starting point is 00:33:08 So I think we got to do three things. We got to deepen our investments in fighting poverty. We got to get back to those big, bold programs that we had in the great society. We saw what we could do in COVID. What were some of those programs that you would? So we expanded social security. We created Medicaid and Medicare.
Starting point is 00:33:24 We expanded educational opportunities. These are deep investments in the poorest families in the country. So we need to get back to that. We can fund that by fair tax implementation. So the IRS chair a few years ago told Congress that we lose a trillion dollars a year, a trillion on tax cheating and evasion.
Starting point is 00:33:42 A trillion. A trillion. Yeah, those poor people are getting away with a ton. Right. A trillion a year. And alleviating poverty would be 200 billion a year. What? Right. What, is there something in the system of federalism
Starting point is 00:33:58 that means those dollars to the poor? Like if Walmart has a five billion or ten billion dollar profit and yet still a lot of their workers are on public assistance or struggle who might not be below poverty line, but just above it, how are we not penalizing them? Right. I think we need to move back to that question, which I think it's this like second piece of the puzzle we need to have new ways of empowering the poor we need to find a way to build worker power to expand housing choice to finally take on all the ways they're getting financially soaked by banks and payday lenders in the country right and so this is a way is that so is it that poor people need better lobbyists is that
Starting point is 00:34:41 what this is like how does this get done they need better choice so they're not accepting the best bad option all the time so if you think of like how we're going to build worker power in this economy. So now you've got to go to one Amazon warehouse or one Starbucks location at a time right member when you're losing our minds because one Amazon warehouse the Staten Island maybe organized a few summers ago or I got you know, but we have no chance of organizing all our warehouse workers or baristas like this. So we have to have different approaches. So the new labor movement is saying let's organize entire sectors.
Starting point is 00:35:15 Let's get everyone in food to hospitality. Okay. If they take a vote and that could trigger a process where the secretary of labor is like, all right, let's bring worker representatives, corporate representatives, let's hash something out that covers every single worker in that sector so this is what policy wants call sectoral bargaining and it's a way to organize all those kind of warehouse workers all those barrisas and go is there something to to getting the government to value labor again in the way that they value capital right capital being taxed that you know gains that are much lower.
Starting point is 00:35:46 There's a lot of rules that ease capital. Stock buybacks. You're you're only, you know, have to answer to shareholders. Is there a way to get workers in on that? Because that seems like where the accumulation of wealth seems the greatest. How do we plug labor into that stream without necessarily killing the stream but letting it really getting them into the
Starting point is 00:36:13 flow of it. Yeah. Why don't we put workers on corporate boards for example. Easy. Why do they fight that. And would sectoral bargaining get that done? It could move us closer to something more like a capitalism we deserve, a capitalism
Starting point is 00:36:32 that serves the people, not the other way around. And a lot of the times I think the ideas we have about growth are just wrong. You know, if you rewind the clock, 1960s, we had a higher corporate tax rate, about 50%, about one in three of us were belonging to a union, and we were much more productive as an economy than we are now. And we're kind of fed this lie that like, we got to slash these unions,
Starting point is 00:36:55 we got to slash this corporate tax break, and we're going to get the economic growth. And we win in that bargain, and we got the inequality, but we didn't get the growth. But don't you think the financialization of our economy changed that calculus? You know, we used to think about IBM, the blue chip companies. You would invest in them and they would have steady growth and they would give you dividends and you would work for them for 40 years.
Starting point is 00:37:19 You know, I was saying, you know, if you were to reasonably watch the news networks, the little bug in the corner is the stock market. Right. Right. If you go to a hospital, they plug you into a machine, it gives you your pulse, your blood pressure, you know, all that. You would be well within your rights to think that is the measure of my health. Right.
Starting point is 00:37:42 I'm looking at that. When you watch that, you would think, oh, that must be the measure of our economy my health. I'm looking at that. When you watch that, you would think, oh, that must be the measure of our economy's health. Is there a way to educate the public that that's not actually our economy? That's just a tiny fraction that goes mostly to, I don't know, the top 10% own 50% of the wealth in the stock market.
Starting point is 00:38:03 What other measures Would give people a better sense of how we're failing right? Like could we have a ticker that's about you know The number of families went to a food pantry this month to eat right a ticker That's like the number of families lost. Yes like a ticker about the number of kids that can't afford a winter coat this winter You know, yeah, it's talking tracking that it's like the real the cumulative how many people have parents that need elder care right but it's squeezing them because their kids are gonna cut like give a sense of that by the way I reopened that cut just
Starting point is 00:38:37 by hitting like that I can't even do this anymore are these critique it now from the left a little bit yeah are there things that the left advocates for or does that makes this realignment i just don't think the left has fully committed to poverty abolitionism you know we know where our local organic cucumber came from, you know, but we don't wait we do Wait, is it written on there? Under a blue light. How do we do it? We know. All right, we know
Starting point is 00:39:15 You we don't know how much the farmhand got paid picking it No, you know if you go to London you go to the independent stores They have a sticker on the door and they say this store pays a living wage. Now our stores, we've got a lot of stickers. But we often don't have that one, you know? And so I think that more of us have to just commit. You're saying we've got to put up poverty has no home heater signs? I think the left needs to get more serious about economic justice.
Starting point is 00:39:46 And do you think, so I always worry, here's what I always worry about, and I worry about this with climate. It always comes down to for some reason on the left, you people just have to be better people, and that'll put pressure on it. I feel like the whole point of joining as a society is that a system can alleviate that. I just don't know how we get out of it without it coming from legislation. I don't know. I mean, when you say like, we've got to call our congressman, I'm like, I've been in that situation where you call congressman, it does diddly-poo. Like, they're not even answering, and half the time they don't even know the ins and outs
Starting point is 00:40:32 of what you're talking about. Like, the country's held together by hundreds and hundreds of legislative aides that are working tirelessly. Isn't there... Can't we present them... I would love to see you lobby in Washington, Isn't there, can't we present them? I would love to see you lobby in Washington
Starting point is 00:40:49 because I feel like you have interesting ideas that haven't tried. We're not walking down the same tired path. Right. Is that a possibility or no? Are they open to that? Of me going to Washington? Yes!
Starting point is 00:41:01 For people like you. I don't know. I'd have to get a tie. I'd got to get a tie. Did they call you? Did they at least ask? Yep. For real? Yeah. But I think, you know, that we definitely need more political movements.
Starting point is 00:41:16 We need new legislation. But we also need more skin in the game, I think, as a country. So let's think about segregation, right? So segregation is upheld by zoning laws, it's upheld by history, but it's also upheld like at soccer games, you know, where your buddy turns you and you're like, you know, you saw that building, we're not going to build that thing, right? It's upheld a little- Oh, you mean NIMBY, the sort of like, we all want economic justice.
Starting point is 00:41:41 Yeah, for those guys over there. If you wouldn't mind. But doesn't that speak to that the systems then have to? Here's what I would say. We think of poverty as a vice. And we think of entitlements as a moral hazard for vice. Why don't we view it as investment? Why don't we view like what a great economic engine for this country to take areas that have suffered entrenched poverty and rejuvenate them. Yeah. In a different way. There's huge investments. So look at food stamps. Right. Yes. A billion dollars dedicated to food stamps gets you 1.5 billion dollars in our
Starting point is 00:42:26 GDP. If you look at what it does for kids, the long-term economic and health benefit for kids, it's a huge return on investment. It's about one dollar in food stamps gets you 62 dollars coming back to you in a society. Meanwhile, right, when we cut the corporate tax rate, the benefits we get are a lot less. We get a lot less than we're promised often when we're doing that. So investing in American people and stabilizing communities that need it the most is the best way for all of us.
Starting point is 00:42:56 I gotta tell you, that out of all that argument, that to me was the most concise and powerful because, and it's one that I really haven't heard which is you don't understand like we're not just giving people money we're investing and getting a huge return and all these corporate subsidies are not getting us a good return right exactly that's that's fabulous right there that is anyone watching this? I really appreciate it. This book, if you get a chance, it will open your eyes to a system that can often be well-meaning but not function in the manner
Starting point is 00:43:38 that it purports to be functioning. And it's really a wonderfully accessible journey through that. So I really appreciate the book. Be sure to check out Poverty by America, Matthew Desmond. We're going to take a quick break. That was... That was... That was...
Starting point is 00:43:53 That was... That was... That was... That was... That was... That was... That was... That was...
Starting point is 00:44:01 That was... That was... That was... That was... That was... That was... That was... That was... We're going to check in with your host for the rest of the week, Mr. Michael Kosta. Michael Kosta. What do you got for us? Oh, John. For the rest of the week, John.
Starting point is 00:44:18 The Trump tariffs are about to kick in and I'm worried about my wallet, specifically the money in my wallet, not my driver's license. That's been suspended for years. Your correct tariffs on Canada and Mexico are set to take effect, I think, tonight. Exactly. And so that's why I'm stocking up. I just bought 4,000 pounds of Maryland crab and 10,000 cans of Arizona iced tea, so I'm ready.
Starting point is 00:44:41 Yeah, those are all American products. So shouldn't you have bought like Canadian and Mexican products or? You know this might be all that crab and iced tea talking but I don't think I know how tariffs work. All right, Michael Kosta everybody it'll all work out. Here it is your moment is at. Everyone knows the history here the back and forth we understand that we all understand that but the question now is can we get them to a table to negotiate That's our goal don't do anything to disrupt that and that's what Zelensky did Unfortunately is he found every opportunity to try to Ukraine's plane on every issue
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