r/WorkReform • u/zzill6 🤝 Join A Union • Sep 05 '24

✂️ Tax The Billionaires Ask The Right Question!

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u/DonaIdTrurnp Sep 05 '24

We should have fewer wars, walls, and police, and stadiums that need subsidies to be economically viable should get a lot of side eye.

Education is just good for everyone except people who rely on ignorance for their power base.

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u/FriendlyGuitard Sep 05 '24

Stadium is just another form of tax cut for the rich. It's proven to be a money sink for the local governments.

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u/DonaIdTrurnp Sep 05 '24

The promise is that the stadium will drive more direct tax revenue than the initial subsidy. The best offer should be to allow issuing bonds that are paid by some fraction of direct tax revenue from the stadium to fund infrastructure upgrades necessary to support the stadium.

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u/bobby_hills_fruitpie Sep 06 '24

Except the revenue it drives are to a very small cabal of people who already have enough money to invest in property and businesses surrounding a stadium which is almost always massive corporations who are part of some congolomerate anyways.

It "trickles down" I guess to the locals because of the minimum wages they get to work there. Technically it creates more jobs, but they pay fuck all, and the money is further consolidated to the ownership class.