Critique of Wall Street Income Compared to Ball Player Income

Critique of Wall Street Income Compared to Ball Player Income

The next time you hear that pampered Wall Street or industry pays too much to executives, look or listen for any comments about ballplayers who make millions upon millions each year playing their kids’ games with your money. And often do an equally disappointing job.

This comment is a repeat for those who always forget that all ballparks and arenas these days get public subsidies from taxpayers. Usually indirectly as construction bonds or government guarantees.

That help comes indirectly from Washington stimulus money, so we are all on the hook for enormous amounts of taxpayer outlays, being paid to stumblebumbs and worse without taxpayer permission or even knowledge.

Remember: Money is fungible. That means what government gets for one pocket can easily be transferred to another allocation for disbursements.