Sports stadiums that are paid for by taxpayers has been an ignored issue for a very long time. Everyone loves sports so people are willing to put the fact that stadiums, arenas and global sporting events are paid for through taxes. The main defense is that stadiums and sports pump millions of dollars into the economy so it’s a worthwhile return on investment. This is false, and has been covered extensively here on Economic Collapse News.
John Oliver, host of “Last Week Tonight,” is out with a new video that covers this topic, which hopefully will open the eyes of sports fans everywhere. He does a great job explaining the opulence and waste that sports teams put into publicly-funded stadiums. This type of cronyism has to cease.
With most states and counties in astronomical debt, it’s time they stop caving into the demands of billionaire owners and instead use this money to balance the books and pay down the debt.
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