More proof corporate welfare doesn’t work

Published January 8, 2020 11:00am ET



Are you OK with the government spending hundreds of thousands of taxpayer dollars to bribe companies to create a single job?

That’s how the now-famous and failed Foxconn corporate welfare scheme played out in Wisconsin under former Gov. Scott Walker. He threw billions in government handouts and tax incentives at the electronics manufacturer to encourage them to relocate to his state. When all was said and done, the initiative only created a few thousand jobs at a rate of roughly $350,000 in total state expenditure per actual job created.

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