Wild words on public subsidies for sports arenas
Posted on April 6, 2015 by Paul Clegg
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Far out, man!
That’s my throwback reaction to this morning’s editorial in the Sacramento Bee bearing this headline: “Ditch tax break for pro arenas/ Obama’s budget would end subsidy.”
The headline is so preposterous coming from the Bee that I thought it might be a late April Fools’ joke. This is the same newspaper that led the cheerleading for a huge public subsidy to help build a downtown arena for the Kings and their wealthy owners.
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The Bee comes to several astounding realizations about public subsidies for sports arenas and stadiums: they reflect a transfer of money from the nation’s poorest citizens to some of the wealthiest, and they undermine the concept of a level-playing field because the benefits go to a few well-organized and well-funded interests that wield outsized influence with the decision-makers.
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How did “We, The Sheeple” allow the Gooferment to subsidize “circuses”.
Argh!
The Gooferment is immoral, ineffective, and inefficient!
This just demonstrates that the immoral cycle. Tax breaks recycle into “campaign contributions” or graft.
Argh!
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