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Old 05-31-2016, 01:38 PM   #134
Lanny_McDonald
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Quote:
Originally Posted by Cappy View Post
Sure, they may bot be bankrupting the cities, but the opportunity cost of that money is being lost.
Opportunity cost of what exactly? The tax that municipalities put into play to pay for these stadiums? Because they don't come out of operations or capital budgets.

Quote:
In the US, they are closing schools, cutting back on education, health spending, transportation. The actual things cities and provinces are supposed to spend money on that actually promote the lives of every citizen.
Great summation and emotional plea to the jury, counselor, but I'd like to counter a few things. Education spending is restricted at the state, not at the local level. The money that pays for improvements in infrastructure is also controlled primarily by state and fed money. Healthcare is a complete red herring and municipalities do not pay for those services. As I previously stated, local tax payers end up paying for the new facility through a directly imposed tax or levy to support the building. That is the nice thing about politics down here, the municipality pays for stuff through bonds or directed taxes, so it is fleshed out and voted on by the people prior to spending begins.

Quote:
You cannot see the decline in education or healthcare, you cannot see the degradation of inner-cities in America while pantheons of human entertainment and excess are getting built next door.

It's atrocious, but it isn't a black and white, zero sum game. We see an arena, we don't see cut backs or increased debt load.

Your comment is literally the chant of those too ignorant to see the decline that is in store for western/capitalist societies in the next 50 years.
Stadiums are the downfall of western society? Come on. This debate can get emotional, but that's a new extreme for this argument.
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