Latest posts by Jesse Hathaway (see all)
- Sanders’ ‘Stop BEZOS Act’ Boosts Government — Not Workers’ Prosperity - November 1, 2018
- There’s No Time Like the Present for Tax Reform 2.0 - September 19, 2018
- Fan Ownership, Not Stadium Welfare, Would Be Best For Sports Fans and Taxpayers - April 24, 2018
Recently, I joined Columbus radio talker Chuck Douglas — host of Saturday-morning talk show On Point with Chuck Douglas — to discuss how the National Football League (NFL) receives special tax carve-outs and exemptions, as well as millions of dollars in taxpayer subsidies for stadium construction and maintenance.
Despite volumes of academic evidence to the contrary, supporters of sports subsidies often claim that the National Football League requires taxpayer support to remain solvent, and that public financing of privately-owned stadiums will lead to increased economic revenue. Neither claim, unfortunately, is supported by the evidence.
In fact, the academic evidence shows that subsidization actually “reduces the level of real per capita income in metropolitan areas,” by causing public money that would otherwise be spent on core government functions, to be diverted to socializing team owners’ risks, while they’re allowed to pocket the rewards.
Take a listen!