All true (and sickening costs, IMHO). BUT... How much income tax does the city and state get from the multi millionaires who "work" there? And that includes the visiting teams, Ohio tax law requires payment of income tax on the visiting team. How much tax is generated from the stadium workers? What about the property taxes from the big homes of the big salary players and coaches, and all the economic activity they generate otherwise? Transportation, food service, TV and radio networks jobs and taxes? Not to mention the economic activity the construction of the stadium itself generated in labor, goods and services just for that... the billion $ went somewhere. What's the value of the athlete's contribution to the charitable functions around the area? Imagine pulling all that out of Cincinnati or other small market around the country. I think their economy would be devastated.
My point is that any discussion of the economics of sports has to include ALL the economic activity and not just cherry picking the stadium cost.
I do agree the direct costs and the social costs are obscene, but have to be balanced by the good it can do for the kids who might not get as much out of school otherwise. If you want to talk obscene, how about the Federal Title IX and the cost burden it puts on schools in the name of "equality". That's some sickening stuff all it's own.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
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