Hiring, firing and controlling employee wages by government bureaucracy can be a slippery slope, when you also consider how government stimulus affects even entertainers such as sports stars.
Athletes probably get far too much salary for what they do. Considerably more earnings than top-notch CEOs. But they are under the public’s radar. So the media, in its ignorance, let’s them get away with the notoriety executives must suffer.
Example: Ballparks and ball clubs are subsidized by state and local taxpayers. Each time a new ballpark is built, you can be sure some government body has provided long-term assistance in the financing, via cash, tax abatement or bond funding.
Federal stimulus funds have backed local and state entities. So, in effect, funds were made available to fund ball club pockets, so their other pockets could pay athletes.
Always remember: Money is fungible. The payment does not have to be direct. Money can be substituted from one recipient’s pocket to the other, to hide the source of funding. It all adds up to the same total outlay.
The public complains about an executive getting more than a million or so a year of taxpayer money. What about a ball player who operates no business, and hires no one, who makes up to thirty million, and more a year? And may actually be a loser on the field, at that?
No comments:
Post a Comment