Simple solution to deficit - Stop Sports Welfare

[Far from home]

http://www.sportsonearth.com/article/40595178/

They can start by throwing Loria in jail for his scamjob, then they can move to the rest of the sports-industrial complex.

I don't know how these teams and organizations keep getting this money.

[SalisburySage]

Get rid of the 40 new taxes inObamacare. That would be a better solution.

[kudzu]

Sorry that I got here late. FFH.

And that your first (and only heretofore) reposnse has been from a deranged neocon.

Loria should indeed be in jail. So should Angelos. But Selig, the commissioner of MLB, enabled them both.

[johnpolitics]

And the deranged neocons got us into 2 wars without paying for them!
The people of Miami were stupid. They knew what Loria was.

[cprenegade]

Hmmm....I'm not so quick to agree with this. Yeah, no doubt these people are getting tons of money in "sports welfare", but there is a reason for that. You really need to look no further than the deal that brought Art Modell and the Browns here to Baltimore. Sure there is a lot of money being given out to sports mogels for new stadiums, but the return revenue to municipalities and states pays for it and then some. Nobody in government is simply handing out money without ever getting anything back from it. Those full stadiums and the tax proceeds on concessions are the tip of the iceberg. Go check out the local bars during tomorrow's Denver/Baltimore game. Bars that in the spring are mostly empty will be packed between 1 and 4 with patrons spending money on beer, wings and shots. This is all money that ends up filling city/state coffers in terms of corporate taxes and sales tax. Not to mention the revenue generated from merchandise for these teams. Jerseys selling for $150 a pop, seats that go for over $100 and psl's valued in the thousands not only line the pockets of owners, but also provide revenue for the local governments. Sure the owners get more than their share, but so do the governments that subsidize their stadiums. The only people who don't share in the revenue stream are the fans who are shelling out the money in the first place. But nobody is forcing them to do it. In short, successful professional sports teams always help the local economy and that is why public officials are willing to bend over backwards to keep them.

[johnpolitics]

The Seattle Super Sonics were successful and making money... but not enough. The new owner (from OK City) wanted a new arena that he knew the taxpayers wouldn't pay for.

[can you hear me now!]

not sure what this has to do with the federal deficit...however, I agree with doing away with corporate welfare at all levels. Loria did what he is allowed to do....he's done it before....

[SteamChief]

Hmmm....I'm not so quick to agree with this. Yeah, no doubt these people are getting tons of money in "sports welfare", but there is a reason for that. You really need to look no further than the deal that brought Art Modell and the Browns here to Baltimore. Sure there is a lot of money being given out to sports mogels for new stadiums, but the return revenue to municipalities and states pays for it and then some. Nobody in government is simply handing out money without ever getting anything back from it. Those full stadiums and the tax proceeds on concessions are the tip of the iceberg. Go check out the local bars during tomorrow's Denver/Baltimore game. Bars that in the spring are mostly empty will be packed between 1 and 4 with patrons spending money on beer, wings and shots. This is all money that ends up filling city/state coffers in terms of corporate taxes and sales tax. Not to mention the revenue generated from merchandise for these teams. Jerseys selling for $150 a pop, seats that go for over $100 and psl's valued in the thousands not only line the pockets of owners, but also provide revenue for the local governments. Sure the owners get more than their share, but so do the governments that subsidize their stadiums. The only people who don't share in the revenue stream are the fans who are shelling out the money in the first place. But nobody is forcing them to do it. In short, successful professional sports teams always help the local economy and that is why public officials are willing to bend over backwards to keep them.

READ ABOVE, Please!