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Post by Mercy for All on Jun 26, 2023 15:30:09 GMT
The team owners. Why should the average people who can't afford to go to these games pay to build billion dollar statiums for billionaire owners? Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? |
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Odysseus
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Post by Odysseus on Jun 26, 2023 17:11:18 GMT
[note: Howard Terminal was the alternative to rebuilding the Coliseum]
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Post by william on Jun 26, 2023 21:06:33 GMT
The team owners. Why should the average people who can't afford to go to these games pay to build billion dollar statiums for billionaire owners? Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? Incredible. Of course we should keep making the poor pay for the rich man's toys. Universities build equal stadiums and sports complexes using only sports revenue, but private pro sports demands regressive sales taxes on the backs of the poor who will never see a game there. Wow - such understanding |
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Post by Mercy for All on Jun 26, 2023 22:45:23 GMT
Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? Incredible. Of course we should keep making the poor pay for the rich man's toys. Universities build equal stadiums and sports complexes using only sports revenue, but private pro sports demands regressive sales taxes on the backs of the poor who will never see a game there. Wow - such understanding I think you misunderstand. If tax money is invested into something like a stadium, and sees a return greater than what would have been earned without that investment, would you be against it? What does that have to do with poor people? For example, the SkyDome (now Rogers Centre) was built in Toronto, completed in...1989? Paid for with tax dollars. It was overtime and over budget by...a lot. Then the government sold the building for a fraction of what it cost to build (I think in 1990)! However, when the government owned the building, any property tax being paid (to the government) was paid by tax dollars...because the government owned the building. My guesstimate is that, based on construction costs ($1.08 billion, adjusted for inflation) plus improvements, the building is worth at least $1.5 billion. With that value, at a residential tax rate, the annual property tax would be $10 million per year. Significantly more at a commercial rate (not sure what that is). So...is the government "winning" or "losing" on that? What is it costing poor people to have $10 million poured into the coffers to fund programs, etc., annually? Do you have a problem with tax money being spent on something that generates a greater return? If so...why!? |
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Odysseus
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Post by Odysseus on Jun 26, 2023 22:57:59 GMT
Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? Incredible. Of course we should keep making the poor pay for the rich man's toys. Universities build equal stadiums and sports complexes using only sports revenue, but private pro sports demands regressive sales taxes on the backs of the poor who will never see a game there. Wow - such understanding
Well, I imagine the reason why universities are able to fund stadiums and sports complexes from only sports revenue, could be because most university athletes don't get huge contracts. Also they may not have greedy owners.
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Post by Mercy for All on Jun 26, 2023 22:59:32 GMT
Incredible. Of course we should keep making the poor pay for the rich man's toys. Universities build equal stadiums and sports complexes using only sports revenue, but private pro sports demands regressive sales taxes on the backs of the poor who will never see a game there. Wow - such understanding
Well, I imagine the reason why universities are able to fund stadiums and sports complexes from only sports revenue, could be because most university athletes don't get huge contracts. Also they may not have greedy owners.
Depending on the university, they get a lot from endowments. Investing in a university stadium is just like investing in a "public stadium." It generates returns. |
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Post by jasmine on Jun 27, 2023 0:08:38 GMT
The state of Hawaii is committing something like $400 million to build a new stadium for University of Hawaii football.
Most college athletic departments lose money. Football generates big revenue, but a lot of that goes to fund money-losing sports that must be maintained because of Title IX.
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Odysseus
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Post by Odysseus on Jun 28, 2023 6:30:02 GMT
Today the Oakland A's beat the New York Yankees, in Oakland, 2-1.
Nice.
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Post by Mercy for All on Jun 28, 2023 19:23:37 GMT
Today the Oakland A's beat the New York Yankees, in Oakland, 2-1. Nice. Anybody beating the Yankees is nice. Better when it's a bad team. By the way, Brent Rooker is a nice surprise there. |
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Post by CadesCove on Jun 29, 2023 10:01:52 GMT
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Post by Mercy for All on Jun 29, 2023 12:11:55 GMT
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Post by CadesCove on Jun 29, 2023 13:16:36 GMT
Maybe take a little solace that they did it to a team that's probably going to be all time historically bad? |
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Post by Mercy for All on Jun 29, 2023 17:09:05 GMT
Maybe take a little solace that they did it to a team that's probably going to be all time historically bad? No thanks. I'd much rather root for the underdog here. |
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Odysseus
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Post by Odysseus on Jun 29, 2023 18:59:02 GMT
The Oakland A's difficulties can be traced to their greedy conservative owner.
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Post by CadesCove on Aug 13, 2023 1:07:25 GMT
🤣🙄
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bama beau
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Post by bama beau on Aug 15, 2023 3:22:51 GMT
The team owners. Why should the average people who can't afford to go to these games pay to build billion dollar statiums for billionaire owners? Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? The problem being that the billionaire owners want someone else to bear the cost (socialism), while they bear the returns, as long as those returns are benefits and profits (capitalism). If your argument is the benefit of taxation, (and if so, since when?), then those benefits could apply to the billionaires just as easily as those benefits could apply to working class taxpayers. Seems fairer. |
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Post by Mercy for All on Aug 15, 2023 13:27:57 GMT
Are all the owners billionaires? Is it profitable to "own an MLB team" if the owner is required to fund the entire cost of the stadium? If taxes were used to help fund a stadium, is it possible that the returns would outweigh the tax money invested (e.g., in terms of jobs created, property tax, etc.)? The problem being that the billionaire owners want someone else to bear the cost (socialism), while they bear the returns, as long as those returns are benefits and profits (capitalism). If your argument is the benefit of taxation, (and if so, since when?), then those benefits could apply to the billionaires just as easily as those benefits could apply to working class taxpayers. Seems fairer. You're shifting the conversation well away from sports, but if you're arguing there is no benefit from taxes that go to the taxpayer, maybe travel a bit and see some other countries where taxes are paid and there is no infrastructure, public education, healthcare, etc. As for the "billionaires," how many of them actually profit from their baseball team? I honestly don't know... EDIT: As per Forbes, it looks like 2/3 of the teams are in the black when it comes to operating income ("profit"). www.thebiglead.com/posts/mlb-teams-profitable-revenue-forbes-valuation-01gw7x1y2tab/21 |
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Post by CadesCove on Aug 17, 2023 5:52:50 GMT
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Post by CadesCove on Aug 24, 2023 14:09:34 GMT
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Post by Mercy for All on Aug 24, 2023 14:16:53 GMT
That sucks! Do you think the Angels wish they had traded him now? |
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