Thursday, December 20, 2012

Simple economics: don't spend taxpayer money on sports teams

Or: "Keep your big government hands out of my sports".
“There is never a good reason for taxpayer monies to subsidize for-profit entertainment businesses, especially extremely high-profit entertainment or sports businesses that are largely unaffordable to the vast majority of citizens,” said Leo Hindery Jr., managing partner of InterMedia Partners LP and founder of the YES Network, a regional sports cable television channel in New York controlled by the Yankees. “I don’t believe in state-sponsored finance of private enterprise at all.”
See more about Oakland's woes.

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