Economics 101: Welfare | SterlingTerrell.net

Economics 101: Welfare

What is welfare?

Welfare is any government program is used to redistribute to the needy, in an effort to supplement their incomes.

  • Social Security
  • Food Stamps
  • Earned Income Tax Credits
  • Medicaid
Economist worry about incentives in cases like this.


Because, if you tax something, you get less of it, and if you subsidize something, you get more of it.