Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
One of government’s primary current undertakings is transferring wealth. Many such transfers are from taxpayers to corporations. Before the financial crisis and recession, these transfers were called corporate welfare. Now they are called stimulus, bailouts, or infrastructure investments. But a rose by any other name has thorns just as sharp. The money for these wealth transfers must come from somewhere. If current taxpayers do not pay the costs for such boondoggles, future taxpayers will.