Book On Corporate Welfare By Viva Books Pvt Ltd

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From the time of Alexander Hamiltoni? s i? Report on Manufacturesi? through the Great Depression, American towns and cities sought to lure footloose companies by offering lavish benefits. These ranged from taxpayer-financed factories, to tax exemptions, to outright gifts of money. This kind of government aid, known as i? corporate welfare,i? is still around today. After establishing its historical foundations, James T. Bennett reveals four modern manifestations.

His first case is the epochal debate over government subsidy of a supersonic transport aircraft. The second case has its origins in Southern factory relocation programs of the 1930si? the practice of state and local governments granting companies taxpayer financed incentives. The third is the taking of private property for the enrichment of business interests.