Corporate welfare is a problem in politics, as we’ve seen time and time again. Governments at all levels subsidize any company or industry they deem important to the economy, often using popular phrases like “economic development” or “job creation” to gain favor with the public, leaving taxpayers stuck with the bill. The most egregious examples of this sort of waste come from Washington where Congress often showers special interests with subsidies through farm bills and energy subsidies. This sort of waste may be good for a few well-connected businesses, but it’s not in the best interest of taxpayers.
Charlie Harper has noted recently at Peach Pundit that the State of Georgia and the City of Atlanta seem prepared to go all in on a different form of corporate welfare; a new stadium for the Atlanta Falcons.