Pro Sports, Socialism for the Rich


Pro Sports Socialism for the Rich

Hey I have an idea. I want to open a business and have the government finance it. Then when it makes money I will pay income taxes but never payback the government money granted to me. You say good luck with that! But I must tell you that this is exactly what’s happening in professional sports today.

The construction of publicly financed stadiums in the NFL have cost taxpayers $7 billion dollars in the past fifteen years. When you add in all other professional sports the price tag exceeds $12 billion. What is the return to the public? The answer is nothing! Yet the players and owners enjoy higher salaries and profits. Professional sports has become a huge part of crony capitalism in this country.

According to data gathered by the firm Conventions, Sports, & Leisure International, since 1997, nearly $5 billion of public money has been spent on the construction or renovation of nineteen N.F.L. stadiums. That’s not counting the additional amount taxpayers spend indirectly when stadium costs are paid for with financing from tax-free bonds which can total an additional $2 billion. Bringing the total to $7 billion of public money used for NFL stadiums.

The time has come to say enough is enough. Taxpayer support for millionaire players and billionaire owners must stop. The insanity must end and the result will be tax relief or lower deficits for state, local and even federal budgets.

About Commish Greg

I have had a life long love affair with the New York Yankees and baseball period. In my retirement I've discovered the hobby of sports game simulation through online gaming. I also have collected cards and memorabilia since I was 7 years old in 1961. I inherited from my uncle the collections starting from 1956 - 1960 and in 1961 I started my own collecting. I started an online league through Out Of The Park Development and their game OOTP16. The name of the league is the Alternate History Baseball League and it began in the 1954 baseball season when I and fifteen others held an inaugural draft and began the AHBL league in earnest. In my blog I will review the AHBL league and also mix some pop culture and historic events from real life. I hope you enjoy !
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1 Response to Pro Sports, Socialism for the Rich

  1. Pingback: Pro Sports, Socialism for the Rich | Common Sense

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