Wednesday, November 7, 2012

Athlete Salaries Are Subsidized by Taxpayers?


The Left complains when a "rich" top executive gets more than a million or so a year of “taxpayer-protected” income. What about a ball player who hires no one, who makes ten million and more a year? And may actually be a loser?

Remember: Money is fungible. The payment does not have to be direct. Money can be substituted from one pocket of government or payer to the other, to hide the source of funding. It adds up to the same total outlay.

Yet, many ball parks are subsidized in some way by government, and thus the fungible funds are being used to pay grandiose athlete salaries. (See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)






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