It has always been corp welfare

Reader comment on: Richard Epstein on Corporate Welfare

Submitted by Lyle (United States), Oct 16, 2012 23:21

Ever since the 1837 crash when it was decided to build thru private companies rather than have the states do it (IN and OH among others went broke). there has been corp welfare. A lot of Railroads beyond just the transcontinentals got corp welfare, such as the Illinois Central (from the state of Il). Consider that railroads looked to cities to provide depot sites etc, or they would bypass the cities (smaller towns, large cities in the west could not be so blackmailed). Today you have companies asking for local handouts to build plants in a town. So corp welfare if your going to go after it has to include all tax increment districts nationwide.

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