Hall Institute of Public Policy - New Jersey: ANOTHER $30M?: "...Finally, why oh why are New Jersey taxpayers continuing to fund professional sports teams? These sports teams are raking in hundreds of millions of dollars while our State and her citizens are drowning in debt. If the Jets and Giants can afford tens of millions of dollars for less than successful players, surely they can cover a $30M tab to finance their elaborate new stadium, which will earn them millions more in the long-term.
It is time to end government sponsorship of professional sports in New Jersey and to recognize that such sponsorship is an abuse of the taxpayer that must not be tolerated. It is also time to hold accountable the elected and appointed officials who engineered yet another taxpayer-funded debacle..."
And every time the government, state, local, or federal, builds a highway or put up a red light or adds a sidewalk because Wal-Mart or GM or somebody has moved onto a new parcel of farm land, the tazpayer has to pay that toll, too. It's not just sports, it's the entire corporate welfare structure that needs to be overhauled. We paid trillions to put satellites in orbits and pioneered the technology, so have you received that DirecTV dividend in the mail? (Buying stock dodges the issue; I get that argument. The dispute I have is over levels of taxation.)
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