Corporate welfare harms prosperity and grows government

“States like Hawaii and New Hampshire that have practically zero state corporate subsidies prove that states can embrace prosperity without state and local handouts to large businesses” reports But taxes and government spending increased in states with “economic development” programs, undercutting the idea that corporate welfare makes the wider community more prosperous.The results underscore the need for state taxpayers to remain vigilant against shortsighted attempts to lure in industry.A recent study by Troy University scholars demonstrates that “economic development” aid rarely delivers the goods of higher state growth and economic freedom.

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