First a disclosure — my Kansas City Chiefs won! and I’m happy they did. Super Bowls are a lot of fun!
But let’s think carefully about what Robert Reich calls “The Stadium Sham.” While reading, let’s ask ourselves why the rich people who own these teams and make lots of “moola” in doing so can’t pay for their teams’ stadiums. These folks should have the Social Security and Medicare deductions taken from 100% of their incomes like most Americans do, but no, they get a massive break.
Robert Reich writes, “The Stadium Sham — How billionaires siphon off tax money for their stadiums.”