There's been a lot of research on this and the overwhelming conclusion is that spending on sports stadiums is a huge waste of money. Hochul has a lot of support upstate so I imagine she's doing this to fend off a possible primary challenge by Cuomo or whatever.
yea, sorry, I was a bit fast and loose with my terminology. I did mean residents of the affected state.
A lot of times it's from taxes on hotels and rental cars, which is also bullshit "tax the people that get no say."
An expression of truth you can’t understand. Of course you might really enjoy going to a state owned tax payer funded colosseum where all manner of porn stars perform for crowds of people. Maybe they could be put on by political parties to attract voters by the magnitude of the spectacle.
Agreed. Businesses already get to deduct everything to the point they somehow look negative while making money hand over fist. Individuals can't even write of true necessities for the most part. Why are we making workers pay for that shit?
The answer is essentially 'never'. Stadiums are just giant money pits and subsidies for rich people.
www.brookings.edu
Come on, gas light me some more. I'm really enjoying it.
The answer is essentially 'never'. Stadiums are just giant money pits and subsidies for rich people.
Sports, Jobs, & Taxes: Are New Stadiums Worth the Cost? | Brookings
Brookings Review article by Roger G. Noll and Andrew Zimbalist (Summer 1997)
Stadiums generate little new spending, they mostly just transfer entertainment spending from other sources. So you get tax money from selling food and drinks, but you would have gotten the same tax money from that person spending their money at some other entertainment venue.
But they only get built because people prefer to indulge themselves rather than boycott professional sports and end the problem. Sports fans are a lot like NYMBYs. They won't vote to end state subsidies of sports arenas. You can still enjoy Muhammad Ali killing his brain on YouTube.The answer is essentially 'never'. Stadiums are just giant money pits and subsidies for rich people.
Sports, Jobs, & Taxes: Are New Stadiums Worth the Cost? | Brookings
Brookings Review article by Roger G. Noll and Andrew Zimbalist (Summer 1997)
Stadiums generate little new spending, they mostly just transfer entertainment spending from other sources. So you get tax money from selling food and drinks, but you would have gotten the same tax money from that person spending their money at some other entertainment venue.
It's funded by a special hotel tax, so at least it's the tourists who are paying and not Nevadans. Mark Davis is a bit of a special case because almost his entire net worth is from Raiders ownership. Unlike most major sports owners, he's too cash poor to self-finance a new stadium; so he found a growing city willing to do it for prestige reasons. That doesn't mean I support what Las Vegas did, but it's far less onerous than the largess from NYS.
Why not build a giant retraining center for the homeless, including accommodations, to teach life skills, and create teams of skilled artisans that can build new housing throughout the city and beyond from start to finish, including the manufacture of building materials.
Would that make good TV to sell beer ads?
I live in Nevada. I remember that grift very well.
I guess not but if it were to happen it would make me feel higher than any beer could achieve. I don't think anybody can be truly happy in a world where others are in misery.
It likely won't get any more of those other events than the current stadium. Not that many events need 70-100k seats.
People who take pride in external identifications like sport teams are suckers for external manipulation by cunning psychopaths who can easily read peoples' weaknesses. Only the awakening of proper self love can prevent this. The first hurdle to awakening is the terrible horror of who one is asleep. Not for the fainthearted as I said.
I generally agree - like with NIMBYism its mostly a case of bad incentives created by dumb government regulation, combined with the natural selfishness of people. Sports leagues have an antitrust exemption that allows them to abuse their monopolistic position in society and since there are only 32 NFL teams they have a lot of leverage to extort cities for stadium funding. The fans don't really care as their share of the tax cost is small compared to the benefits they get from it, and politicians know they will pay a high political price if the team leaves, but probably not if they waste a bunch of tax dollars to keep them there.
