February 2, 2014
Alexis Garcia has produced a video for Reason.tv showing how an NFL franchise is not a good idea, especially for cash-strapped cities.
“The NFL is good at fleecing taxpayers,” ESPN columnist Gregg Easterbrook and the author of The King of Sports: Football’s Impact on America told Garcia. “It’s about a billion dollars a year I’ve calculated in public subsidies to NFL owners and this is a group that consists almost entirely of billionaires and yet receiving significant public subsidies every year.”
The organization closely resembles the corporate class sucking the life blood out of America. Like banksters and transnational companies, it depends of corporate socialism. It buys politicians who agree to use tax dollars to subsidize operations and build lavish stadiums. It is owned by billionaires. (See an interactive Muckety map here.)
“Judith Grant Long, a Harvard University professor of urban planning, calculates that league-wide, 70 percent of the capital cost of NFL stadiums has been provided by taxpayers, not NFL owners. Many cities, counties, and states also pay the stadiums’ ongoing costs, by providing power, sewer services, other infrastructure, and stadium improvements,” Easterbook writes.