Taxpayers paying billions for the renovations and construction of NFL stadiums
cnbc.com
cnbc.com
There's an incredible drive there to tactics, organization, consensus building, and so on that I never appreciated while growing up as a nerd in tech. Later, when I ended up with an employee who had both a strong tech and sports background I really started to appreciate the benefits of a collegiate sports education.
That all being said, professional sport appear to be out of control in a similar way that k-pop, appears to be. The real problem is that, outside of monetary compensation for themselves and their agents, these job categories offer very little in the way of societal benefit. They aren't building homes for the homeless nor are they curing cancer or colonizing Mars.
A nearly endless supply of new recruits, combined with limited professional positions plus the modern celebrity-industrial-complex, creates and endlessly toxic environment that sends young people into career funnels that produce failed <insert job> instead of successful <insert social benefit>.
Conversely, when I was going to my higher education, the universities were overrun with incoming students who had been convinced that Computer Science was the way to a stable and prosperous career regardless of their personal passions for the field and the industrial uses for CS graduates.
Tax subsidies to pro-sports systems appear to be nothing more than a social cancer in the same way. Tens of thousands of sports hopefuls literally erasing years from their lives so that they might have a chance at a lower-tier professional feeder league -- which again contributes very little to overall society -- if Football disappeared tomorrow, it would have very little long-term disruption to anybody.
Bread and Circuses are only valuable to bakeries and race course hot dog vendors.
Hypothesis: having strong ability and interest in leadership roles causes people to pursue athletics.
Now people are totally cool with student loans and mortgages indenturing our children for life while defense spending is astronomically higher than the moon.
Even mortgage interest deductions were gutted in the last 4 years.
I'm no revolutionary, and I painfully pay my fair share every year, but there is not much fair about taxes, and as usual it's always a costly lie to everyone that obeys the law/
We can be troubled by multiple things at the same time.
If the taxpayers want the stadium, so be it. If most oppose, it feels like more government theft.
You lost me here. Mortgage interest deductions are one of the few areas that economists seem uniquely in agreement against. It tends to incentivize the wrong behavior (excessive housing size/mortgages and being a regressive tax that favors the wealthier propertied classes). Just because people like it, does not make it prudent policy.
Prior to that, it wasn't uncommon for people in higher income tax states to exceed the standard deduction with SALT and mortgage interest.
In Canada mortgage interest is not tax deductible. What's done here is that, for your primary residence, any rise in value (capital gains) is not taxed when you sell it.
The US and Canada have roughly the same home ownership rates.
The ability to save money and to be able to work your way out of economic instability is not a favor that government grants people. Upward economic mobility is one of the few things that held the social contract of taxation in place. Without upward financial mobility rules, taxation is simply a forced and pretty pohony "mob protection" fee.
The opposite is true. It inflates home prices (because it incentivizes larger mortgages) which ends up pricing out people from the housing market. It can also lead to increased defaults.
It doesn’t provide upward mobility. It’s simply a politically popular way to favor a specific class of voters.
Increasing the standard deduction above what the mortgage interest deduction would have been isn't something an individual should complain about (they are better off), and reducing the amount of principal that is deductible to around 2x the median home sale price isn't exactly screwing over the common man.
Overpaid, or extremely wealthy by the global society - but under paid in their "local group" (for lack of better term)
Edit: like when VC say they take the risk - bullshit. They just risk money - labor (athletes, entrepreneur) risk time and health. Those are not renewable - but money is.
I think your parent commenter was asking for a citation showing that NFL franchises rake in net profits for owners and another citation showing athletes wages are being held down artificially.
You are presenting ideology as objective truth.
Other athletes including basketball and boxing players. The NFL in particular tries to ensure that individuals don't become brands on their own
Aggregate: athletes as a whole
this part is not controversial. the NFL has an official policy capping the total player salaries for each team.
So entertainment has no value to society?
But those two points aside I think the demand for watching other people play sports is flawed to begin with. And I think your example given with writing is perfect to lillustrate why. Written works each have a different value to them. A different lesson to them or different story. Writing a book that has already been writen has no value as a book. For example writing a chemistry textbook that is worse than an existing one (at the same price) has no value, unless there is value in reading both. But the value of sports is to fulfil some primal urge (the "point" of which, by the way, is to play sports yourself). Any way the urge is fulfiled has the same value. There is no "type" of sports when we consider the underlying demand that generates it as an industry. It also creates a second order demand of "follwing" the teams, which is the only reason the games can't just be replayed from 20 years ago. Which, by the way, compare that to writings from hundreds of years ago that are still read today. There is no need for the best players to play to fulill the underlying demand of sports. It is just the result of competition. In fact there is no need for televised sports at all compared to watching others at a local park or playing yourself. The same definetly cannot be said about writing: especially technical works but also fiction given that the work provides something more than just entertainment once you finish reading it. Although if you don't accept that fiction can ever do that then it's value is greatly dimminished. With respect to art I'm not sure what to say. I would say we already have enough art such that one already cannot consume all of it. The value of art is also controversial. It would depend on how you view that to say whether or not to extend this same sentiment to it. But many of the issues with sports can be seen in fashion, for example. So yes it does extend to other industries, although I think it is perhaps most clear in sports.
There is no value to it. Some claim that listening to music is enlightening. If that is so one can listen with headphones. And in fact most people do. Yet I do not beleive music is enlightening; it is just another primitive desire. If going to to a live concert truly changes people for the better then we can say it has value. But I believe it is really just pretentiousness, and the few who truly feel that they have gotten any benefit beyond the pleasure of the music are caught up in a mawkish placebo. There is no difference between classical music and pop music in terms of value, and in fact the latter is more popular (hence the name). And one can read in the comments of music videos on youtube that the isteners get goosebumps the same as the wasteful ticket buyer, listening to "inferior" and "uncultured" music on cheap earbuds. Only intellectually stimulating forms of entertainment have any chance of holding true value.
>The idea that “we already have enough art” seems folly and absurdly reductionist.
Please explain why. is the last 400 years of art too "old" for you to consume? Has it expired? At this point, consuming a given art is just at the expense of not consuming another. I can chage my statement to "only really good new art has value, because it has to compete with the old art and win." But as I implied earlier I don't think art has value to begin with. And I believe this is evidenced by the collapse of academic art, after which "art" loses all pretexts and becomes pure pretentiousness.
>I’m sure we can find people who conversely say we already have enough technology.
What do you mean? Technology is a tool, not a type of entertainment. Using a computer for a cash register only needs RPi level of performance. Using a computer as a web server or to run some complex calculation needs more performance. And there are uses of technology that have no value, such as video games. Although here at least any use of technology drives that technology to improve. For example games made GPUs a thing and supported nVidea for many years. Now GPUs are used to fold protiens. But the act of playing a video game has no value.
I mean there are people who do not think that increases in technology add any additional value. It’s due to the facts that we are all free to choose our own value functions and what adds value to one person will not necessarily add value to another. Having one camera on my phone adds value to me, having 3 more does not add any utility to me personally. Likewise, video games add value for some people more than others. Your stance seems to have a strange egocentric perspective that there is one objective measure of value. My disagreement is that I think there are as many unique value functions as there are humans. No offense intended, but the other perspective comes across as the socially awkward takes that are all too prevalent on HN.
>Please explain why.
For the same reason it was absurd that the head of the patent office claimed 150 years ago that anything of value had already been invented. We can’t foresee what other people will value. More importantly, art can be an end to itself. The idea that everything has to be a means to some end can devolve into treating all human endeavors as inputs into some global maximization functions, reducing humans to cogs in a machine. That feels a bit philosophically bankrupt (and sad) to me.
>More importantly, art can be an end to itself.
Is life itself not the greatest art? One who lives for art is already dead.
>The idea that everything has to be a means to some end can devolve into treating all human endeavors as inputs into some global maximization functions
Even if all basic needs were fulfiled, art still would not have true value.
>reducing humans to cogs in a machine
Are artists and thier consumers not cogs in a machinine maximizing their pleasure? Not that this framing means anything on it's own.
>That feels a bit philosophically bankrupt
Many philosphies have taken the stance given above, begining in ~500 BC in Buddhism, and reappearing independently multiple times such as in Mohism in 400 BC and still existing in modern philosophies such as some forms of utilitarianism and nihlism. No serious philosphers, meanwhile, beleive that the meaning of life is to look at art.
Going back to art, this is probably false. Art (including music) brings happiness to at least some creators and some consumers. I personally receive great happiness from listening to music.
This is a pretty naive understanding of hapiness. It is widley held by philosophers, religions, and even even many (most) uneducated people that happines is happiness in one's state of being, ie. something like contentment. One who is "happy when he listens to music" is generaly said not to be happy. Not even not "truly" happy but just not happy at all. This can be demomstated from an evoltionary, teleological psychological, or even theological perspective.
Even if the athletes themselves were the problem, there is no viable solution here. Banning sports?
>Athletes are actually underpaid in the US, if you look at the wage to revenue ratios of most professional leagues.
You need to compare the wage to profit ratio which I'll assume you meant. And while I don't say you're wrong I'd like to see the numbers. Also I guarantee the thousands of faceless workers built around these athletes are more underpayed than the athletes, although whether that's relevant depends on exactly what point you're making. In any case, while the work and drive needed to become an athelete is very high, the amount needed to fulfill the demand is very low. Again, see my other comment. So the effort put in is just to be the one to extract the resources from ticket buyers. And the more effort put in, or more accurately the more exclusive the talent pool becomes, the higher the total cost becomes, although perhaps that amount is negligible, and that depends on the numbers which I don't have and which are either way unnecessary for my central claim.
That’s a just world.
I often wonder a world where people in STEM were acknowledged in the same way as sports and entertainment.
Personally I think it's sad they're not and the world would be a better place if they were.
Mortgage interest deduction is a regressive policy that primarily benefits the wealthy. I agree the government is far too wasteful, and cronyism has run rampant, but this the MID is a uniquely bad policy prescription.
So, there's a multi-billion dollar industry, filled with graft and corruption (as detailed by the article) and you're mad 'cause the people performing are getting a share? Is it a call for a return the 1920s where the athletes got a pittance?
You know a vast number of second string players get nothing and are often crippled and even the high paid athletes take a lot of physical damage?
Massive political corruption. Totally legal too, because it's "campaign contributions". We've legalized bribery.
The NFL (and other professional leagues) probably wouldn't allow a similar structure to be put in place for another team.
Sort of ironically, Green Bay paid to build Lambeau Field in the 1950s.
But yes the Packers will do stock sales to help fund stadium improvement, or just pay it themselves.
https://www.seattlepi.com/news/article/Initiative-91-Seattle...
Again, I just feel it's a very nuanced topic.
A stadium was built in my city several years ago, and for me it has occasionally caused a moderate inconvenience, and had no upside. Some of my neighbors really like it, though.
We might want one, but we don't need one. If we needed one someone would build one, same as we build restaurants, bars, refineries, breweries, manufacturing, etc without any subsidies from the gov.
I would love one for my small business, on a related note, I can't even count the times I have watched my city give millions in tax breaks to bring in already successful, wealthy, large businesses and give the local ones jack shi.
I consider "commercial or housing development" a plus, than the purpose itself.
Do they need most things? No, of course not do the people living there want the ability to easily attempt stadium events YES.
Many people don’t like sports and find them a nuisance. The idea that they not only cause traffic but cost us money while making only a select few people extremely rich is nauseating.
Do they? And if it's such a good idea, why doesn't basic capitalism fund them completely?
San Diego finally got rid of the pox that was the Spanos family and seem to be doing much better for it.
(which is probably why all football teams should be publicly owned also)
Edit: not sure why I'm being down voted. I was an Ethereum ICO buyer and I cashed some out last year. I hate that my tax dollars are going to football.
Also, please review the HN guidelines.
Yeah, I know, you downvoted me, I don't mind, enjoy yourself.
But, again, to the point (because you still missing mine): I don't argue libraries shouldn't be subsidized from taxes, I even clearly stated it's the mater of personal opinion (if you read carefully you'd know), I argue that you just cannot mention libraries and the police in one breath like you did, simply because they are not of the same kind - the library (again - kinda tired of repeating myself) CAN be subject of discussion, but police, army, justice system - CANNOT.
And for the last time, I was not equivocating. I've said that multiple times; there is no disagreement despite your insistence on pretending there is. The through-line is not that they are equal, it's that they are both public goods of varying degrees. You are reading too much into the comments and inserting arguments that are not there.
I haven’t lived in San Diego since the 2000s but I’m still bitter about the way the Chargers got a contract which guaranteed greater attendance than they had for the Super Bowl, where they got more money for an empty seat than a sold ticket. No way that would have flown in a straight up vote, which is why they carefully avoided one.
[1]: https://www.theguardian.com/sport/2022/oct/05/buffalo-bills-...
Not everything needs to be put to a vote to know that it reflects what people want. Specific policies that are unpopular become campaign issues. For example despite being quite democrat leaning, Marylanders don’t like public transit, so Larry Hogan won two terms as a Republican promising to cancel transit projects and shift funding to highways. But if anyone proposed defunding the Baltimore Ravens they’d get booted out of office.
Also, even if that was true, there’s lots of public funding for cultural projects that probably wouldn’t fly if put to a ballot measure. The New York State Arts council has a budget of $90 million a year. The current Bills stadium is almost 50 years old. Even if the new Bills stadium lasts only 30 years, the arts council will receive almost $3 billion over that time. Which do you think would be more likely to pass in a ballot state wide ballot measure? $850 million for a stadium of $3 billion for arts?
I like watching men in leotards fly around a track on their bicycles, but I haven't asked my municipality to pay for my personal athletic boondoggle. It's not clear to me why my tax dollars should subsidize others' athletic boondoggles either, especially when they come in the form of privately-owned teams, stadiums, etc. I'd perhaps feel less strongly about this if the state retained ownership of their investment, but that's not the deal in any case that I've seen so far.
It is often the case that so-called "lesser" sports not only don't get public subsidies, they pay taxes that the bigger sports don't.
For example, I enjoy watching curling. Granite Curling Club in Seattle is one of only two curling-specific facilities on the west coast and while it is a non-profit organization, it still pays property taxes, something that the Seattle Seahawks[0] and Seattle Mariners[0] do not. While the relative amounts are small, to be sure, to take the Mariners for example they pay $1.5 million in rent to the county yet the public expense is much higher than that[1].
This isn't a slam on the concept of sports--I also am a lifelong baseball fan--just how they are paid for, on which I think we agree.
0 - https://dor.wa.gov/sites/default/files/2022-02/InLieu_Leaseh...
1 - https://www.seattletimes.com/sports/mariners/king-county-cou...
https://slatestarcodex.com/2014/09/30/i-can-tolerate-anythin...
Besides, creationism is a pretty hot-button social issue. People feel strongly about football, but hopefully not that strongly.
For better or for worse, I’m guessing a lot of people care more about what happens to the local football team than whether creationism is taught in the local schools.
What I am trying to say is that "culture", native or not, does not necessarily have anything to do with public dollars. That totally depends on the context (history, popularity and otherwise) and can be political. e.g. In the US, performing arts organizations receive very little to no public funding. (In fact, one such funding almost got cut in 2017 in Trump's tax bill.)
I didn't have any idea that's what those taxes were for. What percent of hotel guests chose to visit those cities to see sports games?
You're going to get people to pay for my stadium, Mr. Politician, or else losing this thing that millions of people in this city love is going to be, fairly or unfairly, blamed on you.
It's of course gross and hilariously stupid given that every professional sports team owner is a billionaire, but most of those marrow suckers didn't become billionaires by not leveraging incentives when the benefit for doing so is obvious.
https://syndication.bleacherreport.com/amp/177539-american-s...
1. entertainment watching the 49ers football games.
2. entertainment watching the 49ers owners fight with the city of Santa Clara -- over the deal the team agreed to, in order to build the stadium. Wasn't the team even funding various city-council candidates this last election?
That's a lot of money coming in for parking, hotels, restaurants, and bars in the area. A Super Bowl that the new stadiums usually get can bring half a billion in. That stadium also gets used for other events like concerts.
The bad thing is you can't spent less than $2 billion on a new stadium. Kind of like a new apartment building, it has to be high end.