Corporate welfare is not real welfare, actually. (Even though it's similiar.) Corporate welfare when the government gives handouts or tax breaks to businesses to either entice them to stay where they are located, or move to a new place, or do a number of other things. Many people think corporate welfare is unfair (no pun intended) because they think that the money the government hands out could go to better causes. There are a zillion stories about the "stupid corporate welfare situation" out there.

concern for the welfare of society

The purpose of corporate welfare is to assist corporations with various benefits like tax advantages. This is also considered to be a means of helping people who struggle financially.

Corporate welfare came about in the early 1900's when there were many bank bailouts, real estate bailouts, unemployment and tax cuts. It could have stemmed from socialism and gradually came about in the early 1900's.

Corporate Social Responsibility