The NFL - Welfare Queens?

[QCkilla]

And my rub is i would rather give it to people to eat and live on than invest

I don't agree with the NFL receiving subsidies, but you would really rather just give people money which likely encourages fraud than use it for a near sure-fire investment? I don't agree with either but if I had to choose...

[QCkilla]

1. What makes you think the money would go to people who would throw it away? Maybe they would spend it thus helping our economy.

2. The total amount of money spent on vendors and labor doesn't compare to the profit the franchise receives.

3. Those who initially invested in the franchise can still make incredible profits without milking the lower and middle class citizens of the tax dollars they paid to improve their city.

It seems as if you feel that people can't be trusted with money unless they are already wealthy.

You act as though profit is bad.

[intangiblejohnny]

You act as though profit is bad.

Profit has no intrinsic value on it's own.

I think profit is not only wonderful but a neccesity to human survival.

The problem is when someone with an extreme amount of wealth dictates the profit that others can make with the sole purpose of making more profit for themselves.

Morals and ethics MUST return to our economic decisions or we will slowly continue down this treacherous downward spiral of a shrinking lower class and a lower class that have become indentured servants.

[Keep Steve]

Every billionaire is going to hell.

[panthers55]

It's extremely well established Economics that sports teams and expensive stadiums are a sizable net loss for cities. You're basically spending a dollar to make 20 cents.

 

The Olympics are the worst, of course, but regular sports teams are bad too.

A study by the bizjournal recently estimated that Charlotte area sports contributed 14000 jobs and almost 2 billion to the regional economy. It included nascar collegiate sports and professional sports. The impact of the Panthers alone was estimated in another study at 600 million.

unfortunately I don't know how to link articles with this kindle but a quick google search will confirm all of this.

The Olympics are nothing like other sports. They are political and designed to use sports as propaganda not make money. They use the facilities once and spend more in 2 weeks than more sport franchises spend all season.

[QCkilla]

Profit has no intrinsic value on it's own.

I think profit is not only wonderful but a neccesity to human survival.

The problem is when someone with an extreme amount of wealth dictates the profit that others can make with the sole purpose of making more profit for themselves.

Morals and ethics MUST return to our economic decisions or we will slowly continue down this treacherous downward spiral of a shrinking lower class and a lower class that have become indentured servants.

No arguments here that morals and ethics must be more prevalent in all aspects of our society. However I believe what you are saying is that because someone makes a lot of money, there is less money for others to make. I disagree. It's not a zero-sum game. Wealth can be created and destroyed.

[Delhommey]

This is where Southern California is way ahead of the curve.

Stupid NFL stadium will never get built in LA unless some crazed Tycoon decides to build one 100% at their own expense.

No one needs these NFL tax burdens. Delhommey is right, the NFL should be pulled from the teet so our tax dollars can be distributed as they should be. Better yet, disband the League. Win/win.

If you'd actually clicked on the link I provided rather than gone off on your knee-jerk xenophobic response, you'd see that the 1.2 billion dollars of stadium bond money for LA has been approved for over 3 years now.

[Delhommey]

No arguments here that morals and ethics must be more prevalent in all aspects of our society. However I believe what you are saying is that because someone makes a lot of money, there is less money for others to make. I disagree. It's not a zero-sum game. Wealth can be created and destroyed.

It can also be hoarded and shuttled off into offshore banks where it is completely taken out of circulation from the economy and does almost nothing for society as a whole.

[pstall]

1. What makes you think the money would go to people who would throw it away? Maybe they would spend it thus helping our economy.

2. The total amount of money spent on vendors and labor doesn't compare to the profit the franchise receives.

3. Those who initially invested in the franchise can still make incredible profits without milking the lower and middle class citizens of the tax dollars they paid to improve their city.

It seems as if you feel that people can't be trusted with money unless they are already wealthy.

Not sure who you are talking to.

Im comparmentalizing a few things here.

A rich guy may or may not use most of their own money to buy a pro team. More often it's their own.

Of course money spent to vendors doesnt equal profit. Never said it did and how quickly would a company fail if that was their goal. So not sure the logic there.

I agree on the middle class etc. See my previous posts and my link on the illusion of subsidies.

I prefer the owner use all their money. Much like they did before they bought the team.

The other culprit is local politicians. Right?

As for the the only trusting the wealthy is another odd logic thought.

Again context. Do you not like a return on your investment? Of course. So I dont want to give my money to a rich guy but if I did. I know I could get a return.

For the poor I rather give in some way on my own knowing those bad politicians (same guys who sold you down the river for a stadium) don't get my money and spend it elsewhere.

You do have to box these ideas out some. Understand what a wealthy person has put up front and the skin in the game and you have to break out the subsidy mess and then you have to see how the most effective way to spend your own hard earned money as well as how you want to help others.

Sent from my SPH-L710 using CarolinaHuddle mobile app

[panthers55]

Sports generate more revenue than it costs to sustain them which is why cities line up to get them. Plus they sustain revenue year after year. Money spent for welfare or even education do not create sustainable revenue and haven't shown that much success. We have poured 100s of billions in education and for example reading scores on national tests (not state ones where the results are manipulated) show little to no gains over the past 30 years.

[intangiblejohnny]

No arguments here that morals and ethics must be more prevalent in all aspects of our society. However I believe what you are saying is that because someone makes a lot of money, there is less money for others to make. I disagree. It's not a zero-sum game. Wealth can be created and destroyed.

The laws of economics insist that for a person to become rich several other must become poor as their are a limited number of resources.

I have no problem with a person making enough money to become reasonably wealthy. I do, however, have a huge problem with one percent of the population becoming obscenely wealthy while the citizens and the country that helped make them are further subugated in order for them to become even more wealthy.

If you are worried about people "throwing money away" you should be concerned with the top 15%. They are the citizens that move money they earned in the U.S. to off shore tax haven where the money is taken out of the U.S. ciculation for good.

[panthers55]

It can also be hoarded and shuttled off into offshore banks where it is completely taken out of circulation from the economy and does almost nothing for society as a whole.

Go ask most of the top 100 companies in the US about what they do with the hundreds of billions they pay no taxes on since monies earned outside the US are not subject to US taxes. The economy of Ireland is largely propped up by shell corporations which funnel billions because the tax rates are so lower than here. This isn't just exclusive to rich people but a staple of American business.

[Kevin Greene]

 

 

 

A proposed $1.2-billion NFL stadium in downtown Los Angeles secured crucial approvals from the City Council on Friday, a major milestone in efforts to return pro football to the city after a 17-year absence.

The action clears the path for developer Anschutz Entertainment Group to seek a team and proceed with planning for a 72,000-seat stadium on the southwest edge of downtown. But key hurdles remain, including AEG’s ability to strike a deal with the NFL, which has rejected past bids by Los Angeles business and civic leaders for a team.

The council voted 12-0 to approve an array of documents that pave the way for the stadium and an accompanying $315-million upgrade of the nearby Convention Center. City Councilman Paul Koretz called the plan “the economic development project of our generation.”

 

 

You're suggesting that preliminary approval for a corporation to build a 1.2 billion dollar stadium is actually the same as stroking a Tax Payer check to fund it?

 

The NFL has repeatedly rejected LA bids for an NFL team to return because no one has demonstrated their ability to build an NFL quality stadium in Los Angeles.

Furthermore Los Angeles has never had an NFL Stadium.

[intangiblejohnny]

Not sure who you are talking to.

Im comparmentalizing a few things here.

A rich guy may or may not use most of their own money to buy a pro team. More often it's their own.

Of course money spent to vendors doesnt equal profit. Never said it did and how quickly would a company fail if that was their goal. So not sure the logic there.

I agree on the middle class etc. See my previous posts and my link on the illusion of subsidies.

I prefer the owner use all their money. Much like they did before they bought the team.

The other culprit is local politicians. Right?

As for the the only trusting the wealthy is another odd logic thought.

Again context. Do you not like a return on your investment? Of course. So I dont want to give my money to a rich guy but if I did. I know I could get a return.

For the poor I rather give in some way on my own knowing those bad politicians (same guys who sold you down the river for a stadium) don't get my money and spend it elsewhere.

You do have to box these ideas out some. Understand what a wealthy person has put up front and the skin in the game and you have to break out the subsidy mess and then you have to see how the most effective way to spend your own hard earned money as well as how you want to help others.

Sent from my SPH-L710 using CarolinaHuddle mobile app

Very nice. Our ideas aren't that different.