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Tax Professional Sports
Let's see if I understand the logic of Gary Bettman.
He spoke to the Canadian Club in the luxurious York Hotel
in downtown Toronto. He said this:
"Cities are bidding to try and get franchises away
and they're willing to build buildings and they're willing to not tax because they
understand that there is an economic and an intangible value to having professional sports
teams."
According to Bettman, the Ottawa Senators, who pay the
least in Canada, a mere $3 million a year, in taxes, pay more than 20 U.S. teams.
So Bettman wants you and me, brother, to contribute our
tax dollars to the Ottawa Senators, the Montreal Canadians, and the Toronto Maple Leafs,
and the other Canadian teams, so they, in turn, can pay Wendell Clark two or three million
dollars a year to sit in the press box, play golf, and once in a while show up in uniform
to play hockey.
Are we nuts? Is he nuts?
Well, no, the truth is Bettman is pretty smart. As
he points out, 20 U.S. teams pay less than $3 million a year in taxes, and get all kinds
of other taxpayer sponsored concessions, like stadiums, parking, highways, and traffic
police. From the point of view of professional athletes and the owners of
professional sports teams, he is very smart indeed.
If someone came up to you and said, "Hey, would you
please give me some money, so I can hire some athletes to play baseball?" you would
probably say, "Well, how much do you need?" And Mr. Bettman would reply,
on behalf of all sports owners, "Oh, about $60-70 million." You might come
to your sense about this point and say, "Why would any sane person pay someone that
much money to play baseball?"
Why indeed.
This is madness, insanity, and incomprehensible idiocy.
But it goes on and on and on.
The Canadian Taxpayers Federation also reported that the
Canadian Government has extended more than $11 billion in "aid" to corporations
over the past 15 years (1982-97). Of the $11 billion, about $2 billion is not likely
to ever be repaid. Remember that the next time you hear a politician or business
leader talk about those "lazy" welfare cheats and their $365 a month.
© Copyright 1998 Bill Van Dyk
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April 15, 1998 |