Corporations argue that corporate welfare is motivated by sound economics. Critics of large corporations see the policy as unfair public support of those who need it least. What do you think?

Question

Business

Heaven Rice

29 June, 06:18

Corporations argue that corporate welfare is motivated by sound economics. Critics of large corporations see the policy as unfair public support of those who need it least. What do you think?

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Mike · Answer 1

It is an unfair support of those who need it most

Explanation:

Corporate welfare are supports in the form of grants and other benefits that a corporation enjoy from government.

The intention is to guide business against potential risks, stabilize and encourage growth of business operation.

However, this purpose has been defeated on several occasions as some organizations have fraudulently claimed the benefits and the grants not even put to a proper use and it ends up a waste of resources. Moreover, it can easily be politically influenced as some corporations' connection to political offices determine what they get at the detriments of others.

This practice is not fair to small business owners who appears to even need it more to enable growth and the strength to withstand competition.