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 - Identifying Tractor Smells - by Curtis Von Fange. We are continuing our series on learning to talk the language of our tractor. Since we can’t actually talk to our tractors, though some of the older sect of farmers might disagree, we use our five physical senses to observe and construe what our iron age friends are trying to tell us. We have already talked about some of the colors the unit might leave as clues to its well-being. Now we are going to use our noses to diagnose particular smells. ELECTRICAL SMELLS
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