Corporate welfare is when the government favors certain businesses in the form of direct subsidies, tax credits, or favorable regulatory schemes. Sometimes this practice is referred to as “economic development.” This label creates a dangerous misconception about corporate welfare, which is known to hinder, if not reverse, economic growth.
The Rise of UBI in Texas Should Prompt Legislative Action
More and more, Texas’ left-leaning local governments are embracing universal basic income (UBI) programs and guaranteed basic income pilot projects. In turn, these welfare state expansions are raising serious legal and policy questions related to the Constitution, economics, and the rule of law. Despite these concerns, a growing number of major cities and counties are...