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Government should stop sudsidise sports (Funding (Tax payers pay 260…
Government should stop sudsidise sports
Big sports leagues
Super Bowl
Anual average salary of 3Million
14 Billion for the winner
5 million for 30 seconds of advertising
Don't need any funding from tax payers
Funding
Fans spend 56Billion volluntarily each year on sports
Tax payers pay 260 Million average on each stadium
Unpopular by voters
Enticements
Interest on grands not seen as income
Losing additional 4 Billion in 10 years
New Yankee stadium
1.7 Billion of Private Funding
1.8 Billion of tax funding
Sport industry
Claims public investment has greater benefits than costs
not true
Stadiums
Don't generate the economic benefits
negative income
Pay lawmakers
support to subsidise sports
Between 1990-2010
34 Billion of sports stadiums
20 Billion of public funding
several hidden costs
since 2000
45 Facilities
36 Paid with multiple bonds
Another 3 Billion lost for tax payers
Bill against subsidizing sports
70% op the american citizens don't want to fund sports
Obama
Proposed a similar bill
Subsidises still growing
Claiming an economic growth
not true according to academic researches
no consistent positive economic impact
Why still subsidising
sports teams have an unusual amount of public support
owners can leverage fans loyalty
afraid to lose support for their private bussinesses
Politics
Using overly optimistic economic growth as cover
Solutions
Treat municap subsidises as income
Taxing them at 100%
public referendum
compact between states