It’s a Trap!

HOW SOUTH CAROLINA FELL INTO GORDON TULLOCK’S “TRANSITIONAL GAINS TRAP” At a recent debate sponsored by the Policy Council on the merits of taxpayer-financed “incentives” – the headline for the event was “Economic Incentives: Capitalism or Corporate Welfare?” – moderator Pete Calcagno of the College of Charleston referred briefly to the concept of “transitional gains.” […]