Quote:
Originally Posted by GGG
This is the problem,
Maryland and Virginia shouldn’t be in a race to the bottom to offer tax breaks to canabalize jobs from eachother. When governments compete on tax breaks for corporations citizens lose.
This is effectively the Arena debate. If no one subsidized arenas, Salary Caps would be lower and leagues could easily afford they own. Because cities can steal teams by providing free or subsidized arenas the public in general loses and the dollars that could have been used to build arenas is split between the players and the owners. (Yes I acknowledge that subsidizing Amazon on the local level has significantly better returns then a sports team)
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There's a huge difference in scale here. Paying 600 million for an Arena that allows a team to pay its 25 employees millions of dollars who live in the city part time vs paying 600 million for a company that will employ 25,000 full time residents. The aren't stealing from MD or anywhere else, as they are not moving HQ employees from anywhere.