Federal stimulus funds had backed local and state entities with aid. Therefore, funds were indirectly but effectively made available to pay club athletes.
Ball players play a kid’s game, yet can earn as much as $20 to $30 million a year, with multi-year contracts that guarantee income despite possible injury and incapacity and failure, At the same time. top executives, with honed skills are criticized if they get $1 million or so in income or bonuses.
Execs are easily fired if they don’t produce. Ball player salaries are usually not cut if they choke up in the clutch. Or have a losing season. Their jobs are simply traded away.
And athletes work for ball clubs that also received stimulus and taxpayer funds. Each time a new ballpark is built, some government agency has helped in the financing; tax abatement or bond funding, or a form of long-time subsidy.
Keep this trend up and the U.S. will change its economic growth characteristics. It will become a second-rate, European look-alike. With a permanent high unemployment rate to match.
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