Wall Street and Bank Salary Controls can Affect Athletes Too

Wall Street and Bank Salary Controls can Affect Athletes Too

Taxpayer money that is used to bail out Wall Street and the banks gets the public riled up only when it goes into exec salaries and bonuses.

Of course it makes no sense for a politician who generally has never had to hire anyone within a free, supply-and-demand, employment market, to thus contribute nonsensical rules, opinions and regulations on the matter. The politicians usually never understand basic economics.

And neither does the brainwashed public, which stands for it. Especially those who ardently follow sports.

Athletes probably get far, far too much salary and bonuses for what they do. Yet the taxpayers never complain.

The glaring example: Ball parks and thus ball clubs are invariably subsidized by state and local taxpayers. Each time a new ball park is built, you can be sure some government entity helped in the financing, whether it be in cash, tax abatement or bond funding.

This is an ongoing subsidy over many years. And these days, Federal stimulus funds are actually backing up those local and state entities who backed up the athletic subsidies.

The public complains about a "rich" top executive getting more than a million or so a year of his taxpayer money. What about a ball player who hires no one, who makes ten million and more a year? And may actually be a loser?

Always remember: Money is fungible. The payment does not have to be direct. Money can be substituted from one pocket of government or payer to the other, to hide the source of funding.
It adds up to the same total outlay.