"I am Donald J. Stewling, Billionaiwe ... I own a mansion and a yacht!"
Posted on 05/31/2014 10:52:18 AM PDT by SeekAndFind
This will backfire (hopefully).
I know I'm not the only one thinking that the owners can damn well BUY THEIR OWN sports stadiums. Not one more nickel of public money!
“They say I’m crazy but I have a good time”
.,.,.,..,.,,.
“Life’s been good to me so far”
It didn't end well for anyone.
First, Wells impugned the Morlocks, they were the industrious workers who provided the lazy multi-multi-multigenerational Eloi with their every need; food, clothing and shelter.
Wells glorified the Eloi who wouldn't lift a finger to save one of their own from drowning, had absolutely no curiosity about anything, not even where their food came from (someone's stash maybe?) but happened to be pretty by his standards.
Then Wells had the Time Traveler break the Eloi's rice bowl!
The Morlocks were burned in their underground factories. The Eloi lost their only means of sustenance, and I'm pretty sure the Time Traveler got lynched for starving them out of house and home while trying to get across the concept of working to survive!
he just wants to own slaves..
Free market economics say that people are free to spend a lot on rare commodities that the covet.
Nothing wrong with that.
Having a rich owner is good for the fans, because the owner is willing to pay for a winning team.
Sometimes they're willing and sometimes they're not. Often times a losing team is more profitable. Joe Robbie built one of the best football teams ever, but he was relatively poor. You are right that it takes a commitment from the owner to having a winning team.
At his level of wealth that is like you taking your wife out for a feast at the “Outback” including the ‘Bloomin’ Onion”.
Taking the argument a tad too far, I think.
This is just like a billionaire buying a giant yacht. There’s no way it will produce an ROI. The purchase is for enjoyment and status.
“Owner of a major league team” provides a lot more status than “retired rich guy.”
Status and “stuff” actually operate on separate, though often parallel tracks. That in our society wealth is the primary way of acquiring status misleads many into the vulgar Marxist notion that nobody ever does anything at all except for base monetary reasons.
In actual fact, status is the main driver. This can be seen from those willing to invest tens or hundreds of millions of dollars of their own money to gain political office. And from the longstanding ambition of rich guys to be appointed to federal office or ambassadorships.
Such office is not going to provide a financial ROI. Most could clearly make more money in private fields. But being addressed as “Mr. Ambassador” for the rest of your life is a nice perk. All of this equates, to some extent and informally, to the British honors system of knighthoods and titles.
It’s the rage in European soccer, rich Arab businessmen and Russian oligarchs are buying teams right and left.
The problem is when you have only four or five teams with rich owners, and it squeezes out the smaller teams. A Luxury Tax is nothing to a guy like Ballmer.
But as this article points out, this new breed of rich owner can’t be in it for the operating profit—it’s a vanity/fun purchase and they’re in it to try to win.
That’s always going to be an issue.
Expect your cable bills to go way up.
I thought so too, so I stole it.
Hereafter, any team owner contemplating selling will be sure to make some comments that can be perceived as racist/xenophobic/sexist. Then watch the fuss, and rake in the $$$$. Brilliant!
Microsoft investors—and executives—are happy that Ballmer is wasting his own money, and not the company’s. Ballmer was a terrible choice for CEO, and Microsoft paid the price. Now, he’s paid almost four times what the Clippers are actually worth, and inherits a bad lease deal and local TV contract to boot.
But, he gets to hang out with his fellow libs courtside. Ooops...all of them go to the Lakers games. The only celeb who’s been a long-time season ticket holder for the Clippers is Billy Crystal.
I look at the Morelocks as a kind of gated community that gets so dependent on literally feeding off the masses, that they've deteriorated into monsters who no longer have contact with the real world. HG Wells in THE TIME MACHINE predicted the world of a global elite that amassed great fortune and power, at the expense of their humanity and souls. The Eloi, representing the rest of us, will be far better off when that world collapses.
<^..^>
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