Field of Schemes: How the Great Stadium Swindle Turns Public Money into Private Profit, Revised and Expanded Edition Rev Exp Edition, Kindle Edition
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And one would think that the "free market" billionaire owners of professional sports teams would reject feeding at the public trough as creeping socialism. It's simple selfish greed and the ease with which the politicians roll over is appalling.
I live in Minneapolis and so Art Rolnick of the Minneapolis Fed is our voice of reason...I'm so glad the authors reference his idea - just treat public subsidies as income and tax it accordingly. It is too late for Minneapolis, however, a new Vikings stadium was just approved last fall, even though legal prohibitions were in place to prevent public subsidies over $10 million.
I'm a bit exhausted by this book but the best thing is that it offers strategies and lessons to fight these "free market" parasites who own professional teams and to hold these political hypocrites accountable.
If anything it gets a little tedious because they exhaustively document so many of these swindles but this adds a nice completeness to the story. Good read, important book.
I bought this for a specific reason but I recommend it to anyone anywhere that a team is asking for public money to fund stadiums etc. As a Kindle download the $9.99 was a reasonable price for a fascinating read.
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