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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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