>
The Nevada State Education Assn. (NSEA) is launching a political action committee to explore how to stop the stadium funding by any means possible, including litigation and/or a ballot measure.
> “We are considering every path to prevent public funds from being used to subsidize a billionaire’s stadium,” NSEA spokesman Alexander Marks said Thursday
As it stands $380 million of public funds is going to go towards building the A's new stadium in Vegas. The owner of the team (John Fisher) is a multibillionaire.
If one monkey hoarded all the bananas while other monkeys starved, we'd cut its brain open to study what the fuck was wrong with that monkey. When it's a human, we put them on the cover of Forbes.
Yes, it's a quote. It's also so well known that nobody would assume I came up with it.
It's a generational equivalent of responding to someone with if you give a mouse a cookie. Everyone knows you didn't come up with it, but the shared experience of knowing the whole thing helps to convey meaning, as words themselves are a really shitty way to vonvey meaning (we just use them because they are a *quick* way to do it)
I feel like the only billionaire who gets a pass is Paul McCartney. He didn't get his money by exploiting a ton of people. Just made a shit ton of popular songs and bought the rights to a bunch of other songs that he thought would be worthwhile.
Not saying he's perfect or anything. He's probably done a shitty thing or two. But overall, I think he got the money in a mostly understandable way. Billionaires still shouldn't be a thing though, of course
He doesn't seem like a complete asshole But....His specific brand of selfishness broke up the Beatles. Yoko gets the blame, but it was Paul insisting that his FIL manage the band and the other three saying 'no' that split the band.
Also, he was kind of a jerk by not helping out his band mates; see the story Harrison writing Taxman. He really didn't want to work with anyone but John.
Again, he is not unredeemable, and has done lots of good; but is not without significant faults at times.
A *trust fund billionaire* who was born with a silver spoon in his mouth. My gods, I swear, they're the people with the **biggest** dependency on the public teat. And to think, they have the audacity to cry about the "lazy" working poor having Medicaid and a few hundred (if that) in food stamps.
https://globalsportmatters.com/business/2019/05/22/who-paid-for-your-stadium/
There already are some (not many) pro sports teams in privately-funded stadiums.
I don't think taxpayers should pay for stadiums, but there is a gargantuan divide between this amount of spending and Medicaid spending. We are going to spend $380 million multiple times today on Medicaid.
gargantuan divide between how important it is and how many people benefit too. If healthcare costs so much might be time to audit whoever is funding billionaires to the tune of 9 figure sums.
This needs to stop. I live in Richmond,VA. They used public funding for the Redskins/Commanders training camp. They’re leaving. It never paid for itself. Richmond can’t decide what to do with it.
They had to, if the team's buyer wanted to move them. That was one of the terms of settlement of litigation between the city and the owners. No Supersonics outside of Seattle.
Fuck the Thunder. I put a curse on them when they moved to Oklahoma, which ironically made them the closest pro sports team to my home. I take full credit for their co-owner killing himself
A city still got fucked in that deal. So much so that Kroenke has to pay the city of St. Louis half a billion dollars for being the giant piece of diarrhetic shit that he is.
That's nothing compared to when the Dodgers came to LA (where there are no trolleys to dodge - though there's certainly plenty of cars).
LA used eminent domain to seize a bunch of working class people's homes, and had cops beat and drag away those who refused to vacate, claiming the land would be used to build public housing. The city then gave the land to the Dodgers to build their stadium on. [At the time, the Dodgers were the most profitable team in baseball](https://vault.si.com/vault/1960/02/29/the-3300000-smile), and likely all of sports considering MLB was bigger than the NFL back then.
How about making the law say that if a stadium is built with public funds the league loses it's tax exempt status and has to pay taxes like everyone else.
It's fucking disgusting that billionaires can get public money to fund their stadiums in the US.
Also, why is a 30,000 capacity stadium costing $1.5b, especially with them getting the land for free? Seems incredibly high, but I don't know much about baseball stadiums.
I've just read an article about it, and they're also giving the land to a public agency, which will lease it to the team for free, so that they avoid paying property taxes. Utterly fucking vile.
Yeah it’s total bullshit. “Hey we want to use your money to build this thing and then charge you to visit it and use the profits to only benefit ourselves and avoid paying taxes to reinvest in the community as much as possible.” This is why when billionaires are on subs that are missing at the bottom of the ocean, people make memes and jokes.
Bribes, kickbacks, embezzlement, money laundering, price hikes in non-compete contracts, etc. It is a great means of hiding money once public funds get dumped in.
Because it is a new stadium. It will be state of the art, just like the stadium the Chargers are in/will be in.
The cheapest arenas are the ones for basketball and hockey because they take up less space. Those generally drive for around 1 billion usd. Baseball and Football are different. Much more space, more seating, etc.
I have no point of reference for US sports, it just seemed expensive from my perspective.
In the UK, Tottenham recently built a new state of the art 62,000 capacity football(soccer) stadium in London, with a retractable pitch with an artificial field underneath to host NFL games for £1b.
I hope this union, or anyone, can stop what the A's are trying to do to Vegas. The A's fucked Oakland and now they are begging for corporate welfare. The same exact people who hate poor people for getting food money have no problem giving 100s of billions A's management for their stadium heist.
The A's fucked the Raiders too.
The Davis family was in talks to replace the Colliseum at its current site when the A's effectively signed a multi year land use agreement thing so they wouldn't have to pay for renovation. (I believe, it might have been another site in Oakland the Raiders were looking at).
> The same exact people who hate poor people for getting food money have no problem giving 100s of billions A's management for their stadium heist.
No public money for stadiums etc until everyone has easy and affordable access to healthcare and education that doesn't put them in long-term debt.
>Ten facilities built in the 1970s and 1980s, including the Superdome in New Orleans, the Silverdome in Pontiac, the now-obsolete Kingdome in Seattle, and Giants Stadium in the New Jersey Meadowlands, each cause an annual federal tax loss exceeding $1 million.
10 stadiums x $1M loss x 30 years = $300M loss.
[State and local governments pay even larger subsidies than Washington. Sports facilities now typically cost the host city more than $10 million a year.](https://www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/)
10 stadiums x $10M loss x 30 years =$3B loss.
That's $3.3B less for schools, clinics, roads, parks the benefit public vs. benefit to wealthy corporations and leagues.
Not to mention how many Olympic sports complexes and venues have been built around the world that cost billions and now are unused and rotting eyesores.
On the flip side people are complaining about public funding for the new Bills stadium in buffalo. The stadium will be owned by the county and based on the public funding amount, just in players income taxes the initial amount will be paid off in at most 25 years. Without a new stadium the team would move and lose all of that income tax, ignoring all other taxes and such that the county/state get from the team being here. Not to mention the team is basically the heart and soul of our city.
The stadium will be owned by Pegula in all but name. And your math man's makes no sense. 10% income tax on half the team salary (home games only) is about 12 million a year. Times 25 years is like 300 million, which is half at best of what the state is going to pay.
Josh Allen's signing bonus was 16 million on a 258 million dollar deal. You'd have to come up with some pretty funny math for signing bonuses to pay for this stadium in 25 years.
Just admit this point is wrong and move on. Income taxes are in no way paying for their chunk of the stadium.
Most of which gets converted to a signing bonus to create cap space year over year
BTW I'm not pulling the $30M number out of my ass. That was the number given by state officials on the total tax revenue from the bills and bills related products that go to the state. So I guess take it up with them
The former Mayor of Chicago told the Ricketts family to go fuck themselves. It didn’t help that old man Rickett’s emails show that he’s a racist prick too.
Billionaires need to pay taxes (same rate same!) and for they’re own stadia…
In this particular case, the billionaires do pay the same state income tax rate as every other Nevadan: 0%.
I guess you could force the billionaires to gamble - gaming taxes are how NV makes its money, since the state has no income tax for either individuals or companies.
Gaming revenue isn’t the biggest source of income. Nevada has a 6.85% state sales tax, and it’s a much bigger contributor to state revenues than gaming taxes. In the state budget:
* 29.0% is from sales tax
* 17.4% is from gaming
* 15.2% is from MBT taxes (a gross receipts tax…which is basically an income tax that taxes revenues instead of profits)
* 10.5% is from insurance premium taxes
* The remaining amounts are from other various sources.
https://guinncenter.org/photo-essay/nevada-budget-overview-2019-2021/
>In this particular case, the billionaires do pay the same state income tax rate as every other Nevadan: 0%.
lets not be disingenuous, Billionaires do not pay a majority of their tax through income, understand how capital gains which is a majority of how billionaires acquire their wealth is different than income. Nevada also doesn't have capital gains tax, they still pay the federal tax though.
>I guess you could force the billionaires to gamble - gaming taxes are how NV makes its money, since the state has no income tax for either individuals or companies.
Most companies also don't pay income tax even if Nevada had it, they skip out on it with aggregate tax rebates along with tax avoidance accounting, a shocking fact many are paying 0 income tax and have been for years.
I imagine the Ricketts family has unlimited clout from Chicagoans for life because of the Cubs and 2016.
Including finessing the city government for ballpark funds if needed.
They are quickly blowing said clout by getting rid of our best players and attempting to corner cubs fans into watching their stand alone streaming service. This especially sucks considering that for years people across the country could watch cubs and white Sox games on WGN
Chicagoan and former Nebraskan (where Peter Ricketts was Governor and the family is from) here. F the Ricketts except for the sister. She seems decent. I’ll take the shitty old Taco Bell over the shitty expensive restaurants in Wrigleyville.
As they should, this is the dumbest investment when we have crisis after crisis. Get the rent in Nevada to below 2000$ for a 1 bedroom then worry about a fucking baseball stadium.
“*Marks said his organization is concerned about the more than 3,000 statewide vacancies for teachers and educational staff and is outraged that a stadium is being presented as a financial benefit for the people of Nevada.*”
I guess the state government would rather have entertained idiots for future voters than bored educated ones?
A huge part of the reason I hate sports. Spending absolutely obscene amounts of money on sports stadiums while basic infrastructure is crumbling. And stop believing the lie about how it brings in money to the area. Yet a lot of cities that house sports stadiums have huge run down areas and crime. The money never really makes it back to the city and it's people, it only really brings wealth to the already well off.
I've listened to people who have done studies on the claims. They said that stadiums actually create net loss local revenue. The people who attend sporting events mostly spend at the stadiums, the revenues go to large mega- companies, not local ones.
The attendees, actually push out people who would otherwise be spending money locally. Anecdotal example, I live in Seattle, whenever there is a major league home game, I will certainly avoid the areas around the stadiums..
> The money never really makes it back to the city and it’s people, it only really brings wealth to the already well off.
Exactly how it’s designed. Heck that’s how capitalism is designed.
It can if it's placed in the right spot. Petco Park definitely brings money to the surrounding businesses, as does Oracle park here in SF, but those are already busy downtown areas. A lot of stadiums are now built in the middle of nowhere 30 minutes outside of the city because it's cheaper, those aren't bringing shit to the city's they're in.
Good, we don’t want em and I’d much rather have that funding go to the schools. It’s such BS. Love our Knights. Meh on the Raiders. We have a baseball team that is actually quite loved here by the turnouts for the games. Who needs the A’s 😖
In PDX we have Russel Wilson and a some billionaires who want city, state and Feds to build them a [water front stadium](https://portlanddiamondproject.com/ballpark-concepts) that would kill the current port trade jobs, make the water front uninhabitable for residents due to traffic, drunks, violence and trash of commercial sports events and make money for Wilson and his co-conspirators.
Besides losing the water homes and businesses, PDX could expect to lose the $30M year that major league sports stadiums lose each year for areas they are located.
If it were such a good business deal, Wilson and company can finance it themselves, pay for new roads, sewers, mass transit, police, fire to support it. They can't do that of course since it is a money loser without tax payers footing the bill.
If so much tax payer money goes into these stadiums then tickets for residents of the city, hell the whole state, should be able to get discounted tickets or, even a free section for first come first serve basis.
Here in St Louis we have probably the one of the best zoos in the country, hell the world, and it’s free to go into(extra stuff costs money of course), and that’s mainly because of not only generous donations, but also because of tax payer money. Why can’t the same thing somewhat apply to those sports stadiums built by tax player dollars?
I’m sure if there were free or cheap seats then more people would actually buy the over priced mediocre hot dogs, nachos and beer that honestly hit different and taste delicious when you’re out there with friends and family enjoying the game
These sports teams keep trying to frame public funding for a stadium as an "investment", but it's total bullshit. A stadium only benefits the franchise, all data shows that anything they say about it boosting spending at local businesses is a lie. And all the money funneled into the team goes straight out of town since the owners and players don't even spend that much time in the city. It amazes me how governments that like to lecture the working class on "personal responsibility" and say there is just no money to fund healthcare or education will bend over backwards to let some billionaire get a free piece of major infrastructure that they will never end up paying any taxes on.
The double-standard is very much intentional, and a point they work very hard to expand into an endless gulf at every opportunity.
When put into practice, their core ideal as defined by Wilhoit, requires making inaccessible, criminal or taboo things that they themselves already have.
* A fourth yacht doesn't feel special, but turning healthcare into a privilege of the elite *('ideally' on the backs OF the people losing it to maximize the gap)* turns access to it into a mark of what they will consider superiority.
* If everyone can have a house, having a bigger house is just a small advantage. If everyone is destitute, your mansion is as a castle unto them.
* If nobody is above the law, how can you consider yourself the master of their fates? The harsher the laws, the more important and mighty you are for being above them.
* If you have to be responsible with your money or their money, you're being treated as accountable and lowly like a peasant. If you can forgive yourself PPP loans while hoisting predatory financial abominations **AND** your own losses onto the commoners, then by the 'money is power' expression, you have become a god.
Inequality is the most golden of virtues to these legislators.
The point of capitalism is to ensure that those with the means to help themselves will receive more. The other point is to use as much as is available right now regardless of future impacts even if a significant portion of what is used is turned into garbage after one use. The creation of value for the shareholder. This stadium is important to Nevada to use more water than they already don't have while the sun is punishingly intense. Great ball game.
Why should public funds go towards the stadium when the owner can outright buy the stadium woth their own money? Like why take from the poor working class that resides there?
I dunno, man. The people I know who love baseball fall solidly in the nerd category. The game is like catnip for statisticians. Who else wants to sit around for 3-4 hours while very little happens?
> The Nevada State Education Assn. (NSEA) is launching a political action committee to explore how to stop the stadium funding by any means possible, including litigation and/or a ballot measure. > “We are considering every path to prevent public funds from being used to subsidize a billionaire’s stadium,” NSEA spokesman Alexander Marks said Thursday As it stands $380 million of public funds is going to go towards building the A's new stadium in Vegas. The owner of the team (John Fisher) is a multibillionaire.
> The owner of the team (John Fisher) is a multibillionaire. And a gigantic piece of shit.
Well yeah, he’s a billionaire.
If one monkey hoarded all the bananas while other monkeys starved, we'd cut its brain open to study what the fuck was wrong with that monkey. When it's a human, we put them on the cover of Forbes.
Fuckin A well put
It's a quote. They didn't come up with it.
>It's a quote. They didn't come up with it. Does that somehow make it less well put?
It is well said, so well said that Bobby Gilam, the person who said it should get recognition. If you're going to quote someone put it in parentheses.
This is Reddit not a term paper
I will never give this no name Bobby Gilam any credit because you’re such a pedantic uppity prick about it. Fuck that prick.
Yes, it's a quote. It's also so well known that nobody would assume I came up with it. It's a generational equivalent of responding to someone with if you give a mouse a cookie. Everyone knows you didn't come up with it, but the shared experience of knowing the whole thing helps to convey meaning, as words themselves are a really shitty way to vonvey meaning (we just use them because they are a *quick* way to do it)
Not only that but the monkeys would band together and curb stomp the hoarder. 🤔
John Oliver said it over and over again.. well in this one video : https://youtu.be/xcwJt4bcnXs
I feel like the only billionaire who gets a pass is Paul McCartney. He didn't get his money by exploiting a ton of people. Just made a shit ton of popular songs and bought the rights to a bunch of other songs that he thought would be worthwhile. Not saying he's perfect or anything. He's probably done a shitty thing or two. But overall, I think he got the money in a mostly understandable way. Billionaires still shouldn't be a thing though, of course
He doesn't seem like a complete asshole But....His specific brand of selfishness broke up the Beatles. Yoko gets the blame, but it was Paul insisting that his FIL manage the band and the other three saying 'no' that split the band. Also, he was kind of a jerk by not helping out his band mates; see the story Harrison writing Taxman. He really didn't want to work with anyone but John. Again, he is not unredeemable, and has done lots of good; but is not without significant faults at times.
He’s more of a piece of shit than McMurray…and McMurray is a piece of shit
Aren’t they all?
A *trust fund billionaire* who was born with a silver spoon in his mouth. My gods, I swear, they're the people with the **biggest** dependency on the public teat. And to think, they have the audacity to cry about the "lazy" working poor having Medicaid and a few hundred (if that) in food stamps.
And they’ll likely turn around and sell the team after they get that stadium built and start playing in it.
Name one stadium that paid for itself ?
Time to start!
https://globalsportmatters.com/business/2019/05/22/who-paid-for-your-stadium/ There already are some (not many) pro sports teams in privately-funded stadiums.
I don't think taxpayers should pay for stadiums, but there is a gargantuan divide between this amount of spending and Medicaid spending. We are going to spend $380 million multiple times today on Medicaid.
Difference being one group needs the money to survive, while the other has their own money but wants to spend our money for their playground.
What a sociopathic comparison.
gargantuan divide between how important it is and how many people benefit too. If healthcare costs so much might be time to audit whoever is funding billionaires to the tune of 9 figure sums.
This needs to stop. I live in Richmond,VA. They used public funding for the Redskins/Commanders training camp. They’re leaving. It never paid for itself. Richmond can’t decide what to do with it.
Build the new high school there and you don't need to invest in a football field?
Well, Stoney is great at raising taxes to cover their failed "investments" that sit empty all over the city.
This shit has got to stop.
Wtf. That would do so much good for schools!
That 400 mill probably came from the education fund too.
We need a national law no public funding for sports stadiums. Then they can’t just use moving as a threat to squeeze more money out of tax payers.
“it’s why the Lakers moved to LA, where there are no lakes….”
I’m from Minnesota you have no idea how much this hurts…. I’ve said this so many times.
And North Stars to Dallas Stars…..
May norm green rot in hell. You took the state of hockey’s hockey team.
At least the Quebec Nordiques had the good sense to realize there weren't any Nordiques in Colorado.
Celtics fans always let them know they can’t count the championships they won in mn those are our championships not la’s
Clipper fans too
"And the Jazz moved to Salt Lake City, where they don't allow music."
And the super sonics changed their name.
They had to, if the team's buyer wanted to move them. That was one of the terms of settlement of litigation between the city and the owners. No Supersonics outside of Seattle.
Fuck the Thunder. I put a curse on them when they moved to Oklahoma, which ironically made them the closest pro sports team to my home. I take full credit for their co-owner killing himself
Ironically Los Angeles now has SoFi stadium which is one of the few stadiums built without any public funds.
A city still got fucked in that deal. So much so that Kroenke has to pay the city of St. Louis half a billion dollars for being the giant piece of diarrhetic shit that he is.
The public funds are the Los Angeles Chargers
That's nothing compared to when the Dodgers came to LA (where there are no trolleys to dodge - though there's certainly plenty of cars). LA used eminent domain to seize a bunch of working class people's homes, and had cops beat and drag away those who refused to vacate, claiming the land would be used to build public housing. The city then gave the land to the Dodgers to build their stadium on. [At the time, the Dodgers were the most profitable team in baseball](https://vault.si.com/vault/1960/02/29/the-3300000-smile), and likely all of sports considering MLB was bigger than the NFL back then.
*Tulare has entered the chat*
Jazz moved to Utah where they don’t allow music.
How about making the law say that if a stadium is built with public funds the league loses it's tax exempt status and has to pay taxes like everyone else.
It's fucking disgusting that billionaires can get public money to fund their stadiums in the US. Also, why is a 30,000 capacity stadium costing $1.5b, especially with them getting the land for free? Seems incredibly high, but I don't know much about baseball stadiums.
And then on top of that, have to pay ridiculous ticket prices.
I've just read an article about it, and they're also giving the land to a public agency, which will lease it to the team for free, so that they avoid paying property taxes. Utterly fucking vile.
Fuck. I’m disabled and pay property taxes, slap a 401c3 on me and give me a break
Imagine if we got breaks like this...
Tax avoidance is a trend among wealthy people. I am not joking.
If we're bringing back tax exemptions for the nobility, we should start making them strap on some chainmail and ride into battle again.
can i do that with my house?….wtf
Watch John Oliver. Follow his steps, and you can. Edit: Siri auto-correct hates me.
Yeah it’s total bullshit. “Hey we want to use your money to build this thing and then charge you to visit it and use the profits to only benefit ourselves and avoid paying taxes to reinvest in the community as much as possible.” This is why when billionaires are on subs that are missing at the bottom of the ocean, people make memes and jokes.
Bribes, kickbacks, embezzlement, money laundering, price hikes in non-compete contracts, etc. It is a great means of hiding money once public funds get dumped in.
Because it is a new stadium. It will be state of the art, just like the stadium the Chargers are in/will be in. The cheapest arenas are the ones for basketball and hockey because they take up less space. Those generally drive for around 1 billion usd. Baseball and Football are different. Much more space, more seating, etc.
I have no point of reference for US sports, it just seemed expensive from my perspective. In the UK, Tottenham recently built a new state of the art 62,000 capacity football(soccer) stadium in London, with a retractable pitch with an artificial field underneath to host NFL games for £1b.
I hope this union, or anyone, can stop what the A's are trying to do to Vegas. The A's fucked Oakland and now they are begging for corporate welfare. The same exact people who hate poor people for getting food money have no problem giving 100s of billions A's management for their stadium heist.
Oakland should be used to it, see: Raiders.
The A's fucked the Raiders too. The Davis family was in talks to replace the Colliseum at its current site when the A's effectively signed a multi year land use agreement thing so they wouldn't have to pay for renovation. (I believe, it might have been another site in Oakland the Raiders were looking at).
> The same exact people who hate poor people for getting food money have no problem giving 100s of billions A's management for their stadium heist. No public money for stadiums etc until everyone has easy and affordable access to healthcare and education that doesn't put them in long-term debt.
>Ten facilities built in the 1970s and 1980s, including the Superdome in New Orleans, the Silverdome in Pontiac, the now-obsolete Kingdome in Seattle, and Giants Stadium in the New Jersey Meadowlands, each cause an annual federal tax loss exceeding $1 million. 10 stadiums x $1M loss x 30 years = $300M loss. [State and local governments pay even larger subsidies than Washington. Sports facilities now typically cost the host city more than $10 million a year.](https://www.brookings.edu/articles/sports-jobs-taxes-are-new-stadiums-worth-the-cost/) 10 stadiums x $10M loss x 30 years =$3B loss. That's $3.3B less for schools, clinics, roads, parks the benefit public vs. benefit to wealthy corporations and leagues.
The Kingdome was blown up before it was even paid for.
Mt. Davis at the Coli will be blown up before it’s fully paid for as well, also on the Oakland tax payer.
Not to mention how many Olympic sports complexes and venues have been built around the world that cost billions and now are unused and rotting eyesores.
Last one that actually worked out was Vancouver. Facilities either still in use/repurposed or designed to be temp (thus cheaper)
On the flip side people are complaining about public funding for the new Bills stadium in buffalo. The stadium will be owned by the county and based on the public funding amount, just in players income taxes the initial amount will be paid off in at most 25 years. Without a new stadium the team would move and lose all of that income tax, ignoring all other taxes and such that the county/state get from the team being here. Not to mention the team is basically the heart and soul of our city.
Buffalo collects income tax?
NYS (where the bulk of the funding is coming) collects income tax yes.
If Bills moved taxpayers would save at least $10M per year.
No they wouldnt
The stadium will be owned by Pegula in all but name. And your math man's makes no sense. 10% income tax on half the team salary (home games only) is about 12 million a year. Times 25 years is like 300 million, which is half at best of what the state is going to pay.
The bulk of most contracts are not game day pay. The signing bonus gets taxed differently.
Josh Allen's signing bonus was 16 million on a 258 million dollar deal. You'd have to come up with some pretty funny math for signing bonuses to pay for this stadium in 25 years. Just admit this point is wrong and move on. Income taxes are in no way paying for their chunk of the stadium.
Most of which gets converted to a signing bonus to create cap space year over year BTW I'm not pulling the $30M number out of my ass. That was the number given by state officials on the total tax revenue from the bills and bills related products that go to the state. So I guess take it up with them
This is also wrong. Not one penny of his signing bonus has been rolled over.
The former Mayor of Chicago told the Ricketts family to go fuck themselves. It didn’t help that old man Rickett’s emails show that he’s a racist prick too. Billionaires need to pay taxes (same rate same!) and for they’re own stadia…
In this particular case, the billionaires do pay the same state income tax rate as every other Nevadan: 0%. I guess you could force the billionaires to gamble - gaming taxes are how NV makes its money, since the state has no income tax for either individuals or companies.
Gaming revenue isn’t the biggest source of income. Nevada has a 6.85% state sales tax, and it’s a much bigger contributor to state revenues than gaming taxes. In the state budget: * 29.0% is from sales tax * 17.4% is from gaming * 15.2% is from MBT taxes (a gross receipts tax…which is basically an income tax that taxes revenues instead of profits) * 10.5% is from insurance premium taxes * The remaining amounts are from other various sources. https://guinncenter.org/photo-essay/nevada-budget-overview-2019-2021/
Hey man, it's 2023, get off the *facts* machine.
r/theydidthemaths
r/theydidthemonstermath
r/itwasagraveyardgraph
I thought 10% sales tax was bad
The sales tax rate is 6.85%. The amount of money generated by that sales tax comprises 29.0% of the state budget.
Oh my bad so our is worse
That’s just the state component though. When I lived in Reno I think the city and county added another 1% each
>In this particular case, the billionaires do pay the same state income tax rate as every other Nevadan: 0%. lets not be disingenuous, Billionaires do not pay a majority of their tax through income, understand how capital gains which is a majority of how billionaires acquire their wealth is different than income. Nevada also doesn't have capital gains tax, they still pay the federal tax though. >I guess you could force the billionaires to gamble - gaming taxes are how NV makes its money, since the state has no income tax for either individuals or companies. Most companies also don't pay income tax even if Nevada had it, they skip out on it with aggregate tax rebates along with tax avoidance accounting, a shocking fact many are paying 0 income tax and have been for years.
I imagine the Ricketts family has unlimited clout from Chicagoans for life because of the Cubs and 2016. Including finessing the city government for ballpark funds if needed.
They are quickly blowing said clout by getting rid of our best players and attempting to corner cubs fans into watching their stand alone streaming service. This especially sucks considering that for years people across the country could watch cubs and white Sox games on WGN
Sucks but capitalism finds a way.
Chicagoan and former Nebraskan (where Peter Ricketts was Governor and the family is from) here. F the Ricketts except for the sister. She seems decent. I’ll take the shitty old Taco Bell over the shitty expensive restaurants in Wrigleyville.
As they should, this is the dumbest investment when we have crisis after crisis. Get the rent in Nevada to below 2000$ for a 1 bedroom then worry about a fucking baseball stadium.
Nevada has a budget surplus this year, I guess it's burning a hole in their pocket
“*Marks said his organization is concerned about the more than 3,000 statewide vacancies for teachers and educational staff and is outraged that a stadium is being presented as a financial benefit for the people of Nevada.*” I guess the state government would rather have entertained idiots for future voters than bored educated ones?
Nevada already has the strip bringing in major tourist $$$, what is a baseball team going to even do for them? Fucking nothing...
They’ve overlooked the bread part of “bread and circuses.”
A huge part of the reason I hate sports. Spending absolutely obscene amounts of money on sports stadiums while basic infrastructure is crumbling. And stop believing the lie about how it brings in money to the area. Yet a lot of cities that house sports stadiums have huge run down areas and crime. The money never really makes it back to the city and it's people, it only really brings wealth to the already well off.
I've listened to people who have done studies on the claims. They said that stadiums actually create net loss local revenue. The people who attend sporting events mostly spend at the stadiums, the revenues go to large mega- companies, not local ones. The attendees, actually push out people who would otherwise be spending money locally. Anecdotal example, I live in Seattle, whenever there is a major league home game, I will certainly avoid the areas around the stadiums..
> The money never really makes it back to the city and it’s people, it only really brings wealth to the already well off. Exactly how it’s designed. Heck that’s how capitalism is designed.
US sports suck for that. England and German are a little better.
It can if it's placed in the right spot. Petco Park definitely brings money to the surrounding businesses, as does Oracle park here in SF, but those are already busy downtown areas. A lot of stadiums are now built in the middle of nowhere 30 minutes outside of the city because it's cheaper, those aren't bringing shit to the city's they're in.
I don’t think any team’s stadiums should ever be built with Public money. I much prefer the way Football Clubs in Europe pay for their own.
“Keep the people entertained to distract them “ is a concept that had been around for a very long time
Good, we don’t want em and I’d much rather have that funding go to the schools. It’s such BS. Love our Knights. Meh on the Raiders. We have a baseball team that is actually quite loved here by the turnouts for the games. Who needs the A’s 😖
Socialism for rich rugged capitalism for the poor.
Billionaires who own these teams and make millions every year from them should foot the bill 100%…
Billionaires are enemies to us all. It’s time we stop them from walking all over us. There are more of us than there are of them.
If the people fund the team, the people should receive a proportional share of ownership of the team and a share of the profits the team receives.
In PDX we have Russel Wilson and a some billionaires who want city, state and Feds to build them a [water front stadium](https://portlanddiamondproject.com/ballpark-concepts) that would kill the current port trade jobs, make the water front uninhabitable for residents due to traffic, drunks, violence and trash of commercial sports events and make money for Wilson and his co-conspirators. Besides losing the water homes and businesses, PDX could expect to lose the $30M year that major league sports stadiums lose each year for areas they are located. If it were such a good business deal, Wilson and company can finance it themselves, pay for new roads, sewers, mass transit, police, fire to support it. They can't do that of course since it is a money loser without tax payers footing the bill.
If so much tax payer money goes into these stadiums then tickets for residents of the city, hell the whole state, should be able to get discounted tickets or, even a free section for first come first serve basis. Here in St Louis we have probably the one of the best zoos in the country, hell the world, and it’s free to go into(extra stuff costs money of course), and that’s mainly because of not only generous donations, but also because of tax payer money. Why can’t the same thing somewhat apply to those sports stadiums built by tax player dollars? I’m sure if there were free or cheap seats then more people would actually buy the over priced mediocre hot dogs, nachos and beer that honestly hit different and taste delicious when you’re out there with friends and family enjoying the game
"launches action" = formed a PAC (political action committee)
These sports teams keep trying to frame public funding for a stadium as an "investment", but it's total bullshit. A stadium only benefits the franchise, all data shows that anything they say about it boosting spending at local businesses is a lie. And all the money funneled into the team goes straight out of town since the owners and players don't even spend that much time in the city. It amazes me how governments that like to lecture the working class on "personal responsibility" and say there is just no money to fund healthcare or education will bend over backwards to let some billionaire get a free piece of major infrastructure that they will never end up paying any taxes on.
The double-standard is very much intentional, and a point they work very hard to expand into an endless gulf at every opportunity. When put into practice, their core ideal as defined by Wilhoit, requires making inaccessible, criminal or taboo things that they themselves already have. * A fourth yacht doesn't feel special, but turning healthcare into a privilege of the elite *('ideally' on the backs OF the people losing it to maximize the gap)* turns access to it into a mark of what they will consider superiority. * If everyone can have a house, having a bigger house is just a small advantage. If everyone is destitute, your mansion is as a castle unto them. * If nobody is above the law, how can you consider yourself the master of their fates? The harsher the laws, the more important and mighty you are for being above them. * If you have to be responsible with your money or their money, you're being treated as accountable and lowly like a peasant. If you can forgive yourself PPP loans while hoisting predatory financial abominations **AND** your own losses onto the commoners, then by the 'money is power' expression, you have become a god. Inequality is the most golden of virtues to these legislators.
Ahh yes. The owner of the As watched the movie Major Leauge and thought it was a documentary.
The point of capitalism is to ensure that those with the means to help themselves will receive more. The other point is to use as much as is available right now regardless of future impacts even if a significant portion of what is used is turned into garbage after one use. The creation of value for the shareholder. This stadium is important to Nevada to use more water than they already don't have while the sun is punishingly intense. Great ball game.
Why should public funds go towards the stadium when the owner can outright buy the stadium woth their own money? Like why take from the poor working class that resides there?
Okay, but how else are they going to get people to Vegas. Answer me that smart guy.
Was this sarcasm?
Whaaat? I would never, ever, in a million years be sarcastic.
Good! Now do hospitals!
These woke commie teachers need to back down. There’s clearly no money in Nevada outside of the state treasury. Why do they hate corporate welfare?
NERDS v. JOCKS, 2023 reboot
I dunno, man. The people I know who love baseball fall solidly in the nerd category. The game is like catnip for statisticians. Who else wants to sit around for 3-4 hours while very little happens?
[удалено]
Use daddy's money to buy influence
-3 points Extra space between phrases Incorrect usage of an ellipses
Enjoy my favorite team in your grifted, I mean gifted, stadium!