“When it comes to professional sports, we become socialists. With everybody else, we’re capitalists.”
“Critics on both the left and right have decried these taxpayer subsidies as socialism, wasteful, corrupt, anti-free enterprise, and unfair to the average citizen,” Brodsky’s report stated. “Yet the phrases `economic development,’ `job creation,’ `growth,’ etc. retain enormous political clout. A real analysis of these subsidies has yet to be done.”
How is it that these phony economic impact studies get so much play in the media? A quick search of “economic impact stadiums” via Google News finds mostly reporting of stadium proponent propaganda. In terms of Gwinnnett, I don’t think I’ve seen a single critical comment of the County’s economic impact projection since several officials touted it after approving $19 million from the reserve fund.
Thanks to Zach and Cyril for the pointer.
Addendum: Here is the dumbest statement I read today.
“I don’t really favor giving away taxpayer assets for nothing,” Commissioner Mike Beaudreau said.
Yet, he voted for the Gwinnett Braves stadium and its cost increase.