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Why are taxpayers paying for professional sports?
http://cronychronicles.org/ ^

Posted on 06/03/2012 3:45:28 PM PDT by wewillnotcomply

Professional sports teams are getting money from taxpayers, and it isn't anything new.

The Minnesota Vikings will receive half a billion dollars from Minnesota taxpayers, as Tim Carney highlights here.

Samuel Staley at the Reason Foundation's Out of Control Policy blog writes about the cronyism occurring when professional sports teams are subsidized by taxpayers, and gives several examples:

Professional sports continues to be crony capitalism at its worst, using its oligopoly status to extract rents from taxpayers through elected officials. The reality is that precious little evidence exists suggesting that professional sports teams boost economic growth for cities, let alone neghborhoods, and the so-called benefits reflect the low bar used by local officials to claim success.

For more stories about cronyism visit our page here.


TOPICS: Business/Economy; Government; Politics; Sports
KEYWORDS: cronycapitalism; cronyism; sports

1 posted on 06/03/2012 3:45:36 PM PDT by wewillnotcomply
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To: wewillnotcomply

I will remember who supported this come Nov...

What a waste of my money.


2 posted on 06/03/2012 3:49:07 PM PDT by cableguymn
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To: wewillnotcomply
Because if you don't it will be all your fault when your team moves to Los Angeles. Yes, your fault personally, so pay up now.

I think the NFL has gotten far more money from not having a team in Los Angeles than if they had one there. If a team moves to LA, they will get taxpayerchumps to pay for one stadium. With the threat of moving to LA, they can get 32 free stadiums. The treat of moving a team to Portland, Oregon (next larget metropolitan area that isn't already in range of a NFL team) just doesn't scare taxpayerchumps like a threat to move to LA.

3 posted on 06/03/2012 3:51:37 PM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: dewawi

FYI.


4 posted on 06/03/2012 3:52:19 PM PDT by 2nd Bn, 11th Mar (The "p" in Democrat stands for patriotism.)
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To: wewillnotcomply
Why are taxpayers paying for professinal sports?

Just a guess, but it probably has something to do with professional politicians.

5 posted on 06/03/2012 3:53:22 PM PDT by Steely Tom (If the Constitution can be a living document, I guess a corporation can be a person.)
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To: wewillnotcomply

I agree that sports should not be subsidized with tax dollars. We already pay for public sports during sixteen years of education, counting four years of college.


6 posted on 06/03/2012 4:02:07 PM PDT by pallis
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To: wewillnotcomply

Why are taxpayers paying for bike paths and hiking trails? I’ve never ridden on a bike path or walked on a marked hiking trail.

Why are taxpayers paying for public transportation? I’ve been on a city bus once, a greyhound once and a train once.


7 posted on 06/03/2012 4:07:19 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: wewillnotcomply

Any taxpayer money, subsidies, tax credits, etc. for private business should be banned, period.

There is simply too much opportunity for graft.


8 posted on 06/03/2012 4:08:28 PM PDT by Kenny500c
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To: cripplecreek
Why are taxpayers paying for public transportation? I’ve been on a city bus once, a greyhound once and a train once.

They shouldn't, it should be paid for by those who ride it.

It's the votes that the taxpayers are paying for.

9 posted on 06/03/2012 4:18:18 PM PDT by EGPWS (Trust in God, question everyone else)
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To: wewillnotcomply

Pure Tax Slavery.


10 posted on 06/03/2012 4:19:41 PM PDT by Paladin2
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To: wewillnotcomply

40 cents of every dollar on most folks cable TV bill goes towards sports programming. Many teams no longer care whether they put butts in the stands or not, or even win for that matter...because the TV contracts are so lucrative. Think I read that the Los Angeles Angels(of Anaheim) TV contract was worth $3 billion over 20 years?


11 posted on 06/03/2012 4:21:15 PM PDT by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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To: EGPWS

From what I’ve read, urban public transportation is considered to be a great success if its rider funded at around 25%. The people mover in Detroit is rider funded at a rate of about 7%.


12 posted on 06/03/2012 4:31:13 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: wewillnotcomply

Entertainment-addicted, celebrity-infatuated people get what they deserve.


13 posted on 06/03/2012 4:56:53 PM PDT by wrencher
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To: wewillnotcomply
I've had more than a few heated exchanges with otherwise good FReepers about the merits of publicly financed professional sports stadiums. They are all convinced that the economy is stimulated when a new stadium goes up.

They see 75,000 people shelling out for tickets, beer, and hot dogs and consider that economic growth. No thought for what the money might have otherwise been spent on.

14 posted on 06/03/2012 4:57:08 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: KarlInOhio

They can blame me. I am ok with that. I didn’t see any supporters of the Vikings stepping up to personally write the check for the stadium.


15 posted on 06/03/2012 5:03:58 PM PDT by cableguymn
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To: cripplecreek
Why are taxpayers paying for bike paths and hiking trails? No clue. I wish I wasn't. Why are taxpayers paying for public transportation? Because it's not profitable for business to do it. I wish I wasn't. Now.. why is the tax payer paying for a stadium for a highly profitable team owned by owners that can foot the bill themselves if forced to.
16 posted on 06/03/2012 5:09:34 PM PDT by cableguymn
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To: BfloGuy
The argument works both ways, depending on the event in question. I agree 100% that an NFL stadium or similar venue has almost no tangible economic benefit when it comes to your typical Sunday afternoon game. This is because the person who pays several hundred dollars for a ticket, parking, beer, etc. is spending money that he most likely would have otherwise spent elsewhere in the same region.

On the other hand, any sports venue that attracts large numbers of people from outside the region actually does provide huge economic benefits for the region. Just ask anyone who runs a business in Daytona or Talladega when a couple of hundred thousand people travel to the area during the weekend of a NASCAR race, or anyone who runs a business near Churchill Downs during Kentucky Derby week.

One way the NFL helps individual teams "inflate" the economic benefits of these new stadiums is by promising them a Super Bowl within the first few years after the stadium opens. This is why Jacksonville hosted a Super Bowl a few years back even though it was totally unsuitable for that sort of event, and why the new MetLife Stadium in the New Jersey Meadowlands is going to host the Super Bowl in a couple of years even though NFL policy doesn't allow outdoor Super Bowls in that kind of climate.

17 posted on 06/03/2012 5:27:54 PM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: wewillnotcomply

The Vikings will never be successful unless they learn to fly on their own.


18 posted on 06/03/2012 6:41:15 PM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: wewillnotcomply

When politicians look at the 3-D computer model of their luxury box seats in the new stadium, how could they possibly vote NOT to spend your money?


19 posted on 06/03/2012 6:45:30 PM PDT by nascarnation
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To: wewillnotcomply

Stealing from Each Other: How the Welfare State Robs Americans of Money and Spirit [Hardcover]

Edgar K. Browning (Author)


20 posted on 06/03/2012 6:51:48 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: BfloGuy

I recently went to a SF Giants game with my brother in law and sister in law and their son. The park is beautiful, the food was priced a little high, but in line with the pricing I see at fairs.

Tickets, granted I was six rows up from the first base line, but those tickets were $110 each! Luckily he got the four tickets for free because I would hate to think that he would shell out $400 plus for baseball tickets.

I think the cheap seats were $45.

And that is what is wrong with professional sports.

Now down in San Jose there is the minor league SJ Giants. Ticket prices are very very low, (few dollars), they give away chicken dinners between innings, nice family atmosphere, and not a bad seat in the house.

It is all just entertainment.


21 posted on 06/03/2012 9:46:36 PM PDT by abigkahuna
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To: abigkahuna
It is all just entertainment.

Yep. And entertainment is just an exchange of money for the show. No wealth is created (like when, say, you dig dirt out of the ground and turn it into steel.)

22 posted on 06/04/2012 3:31:55 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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