How government wealth transfers can backfire on the politicians who enact them: Our new study of the 1934 Taylor Grazing Act shows that giving ranchers secure property rights on public land made them richer- prompting them to turn against the Democrats who enriched them.
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When a Government Transfer Makes Its Supporters Leave
Bühler & Schäfer “Wealth Transfers Erode the Coalition That Enacted Them: Evidence from the Taylor Grazing Act“ Journal of Historical Political Economy 2026