How billionaires siphon off tax money for their stadiums
My husband only keeps track of football games because it's good to know when the hardware stores won't be crowded.
Sad, Sad Fact of the matter is they also pay NO (Zero) Income Tax on those Franchises and are typically Tax Abated by their Localities & States. Wouldn't it be really nice to own such a business and everything's FREE. Way, way past Time to TAX the NFL!
You do remember, way back when, that in response to the commie socialist cheeseheads, the NFL prohibited public ownership of football teams. No property taxes in Green Bay. The team profits pay all city infrastructure and opperating expenses.
What a concept.....
Don't forget about my favorite...Residents paying taxes on buildings that no longer exist. In NJ, I think that we have a few more years to go to pay for the old Giants Stadium, which was demolished over 10 years ago.
I think this points to the larger issue regarding America's supposed brilliance when it comes to business, innovation, profitability, etc. It seems like it takes minimal effort to start peeling back the story of any billionaire, high-flying tech firm, or scary-talented thinker-of-tomorrow...and underneath we find the true story is one of exploited workers, heavy-handed lobbyists who successfully crush competition or win favorable trade agreements, or sketchy schemes to siphon the public's tax dollars into private pockets. But our lack of real media means these stories don't get uncovered or covered at all when the truth comes out, so this myth that America is filled with profitable Wall St. and tech-bro geniuses and multi-talented billionaires continues.
If Americans really want to send a message to these oligarchs stop purchasing game tickets!
Bravo! Telling it like it is. I fell out of love with the NFL years ago, after having been a commissioner in a fantasy football league pre-internet, when I really had to stay connected for statistics and results. I just can’t watch a sport that is basically gladiatorial. Chronic traumatic encephalopathy is an inconvenient truth, it’s real, and a whole country is in denial. Your comments apply to all the major sports, though, and I commend you for them. Maybe you’ll comment on the military plane flyovers and the connections the Pentagon likes to keep making with sports?
All NFL teams should be owned by fans, similar to the Green Bay Packers model.
Time for NFL owners to pay taxes on their teams.
I guess I am crazy, but I can’t fathom why people pay so much money for sports in the first place.
The Seattle Kraken, a NHL francise, is an example of the opposite. The ownership of the team never lobbied or asked for a penny of tax payers $$ to build/remodel the old Key Center into the Clinate Pledge Arena. They deserve to be acknowledged for their funding of the project and leaving the tax payers out of the equation. Jay Lucas
We are at the core of American culture, which, say what you want, seems to be an intense pleasure for men in violence.
“With tomorrow’s Super Bowl demanding our attention...”
Is it? Until seeing that sentence I was completely unaware it was happening tomorrow.
Guess they aren’t doing a very god job demanding my attention. (Or you’ve fallen into their trap of presuming everyone cares.)
Thank you for this exposé.
I thought it was appropriate to share this on Super Bowl weekend-- so, that’s what I did.