Yankees payroll is not taxpayer funded, whereas the bulk of that 170 mil IS taxpayer funded. Don't give a rat's azz about the Yankees..Just saying those dollars could be put to better use rather than inflating Obama's aready close to exploding ego.
Actually, all four major sports leagues are subsidized due to corporate welfare tax breaks. They are allowed to claim approximately $1 billion in tax breaks against $600 million in expenses. I don't have the article in front of me, but you get the idea - you can verify the level of rape at your liesure
My favorite muckraking magazine Mother Jones has an entire issue devoted to the world ahead and corporate welfare is one of many topics.
Have Washington taxpayers paid off "Corporate Logo/$15 beer Field" yet?
Okay, looked up the article this morning and here are the correct stats:
MLB, NHL, NBA, NFL have combined profits of $1.6 billion (according to Forbes) and receive $2 billion in subsidies! This was before the mayor and Uncle Sam gave the Yankees $865 million!!!
In 2006, the guy that bought the Washington Nationals for approx. $485 million will get $1 billion in subsidies over the next two decades. I guess the $15 beer is intended to get fans to "drink responsibly"...
This doesn't even touch the tip of the iceberg with corporate welfare. Is anyone else out there feeling raped yet? We Americans deserve relief from unequal taxation, it is truly criminal what has happened to our economy, and consequently, our standard of living. Unfortunately, this is still the best place in the world to live.
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