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is an interesting story both about football and about different cities like
the pope win
city which of course has opened rates right am but also jacksonville at center
now
for salt let me tell you about baking norma subsidies of airboat yes
uh... in this country nationwide seventeen billion dollars of debt was
issued to build stadiums since nineteen eighty six seventeen billion and now
promises across the federal government is not
the state government does the federal government
a hundred and forty six million dollars a year
this year
and by twenty forty seven sq across this four billion dollars
and i'm sure forces
all politicians are in favor of it do liberals and conservatives
some liberals fighting yes sir
but the guys who like op subsidies our government have doubts
what events to enormously profitable
that company is a which the n_f_l_ teams are
that's ok you know that above his commanding nine billion dollars
that yet let's give them more subsidies
and they get to the cost of this to citizens of the second
first what when it comes to taxpayers
all u_s_ major league sports have cost us
ten billion dollars
more than was anticipated as a study from bart arbonne
is it always tell you like all about where it's going to bring an extra money
it will cost them a sense that the other more then they said it would cost now
when it comes ml stadiums in particular
taxpayers put up about
eighty seven percent of the expenses
for an echo state
remember they mate nine billion dollars a year and they don't share that with us
or nine billion overall okay
that how about the subsidies working
from nineteen ninety-two to about now
the u_s_ taxpayers put in
eighteen point six
billion dollars insulted
uh... there you realist of the subsidies here
for the thirty two n_f_l_ team scouting
extensibility stadiums for down real estate taxes
land
and infrastructure improvements and interest cost on public bonds
by the way for a little fact there then for you guys
eighteen of the teens are owned by billionaire
sort of thing we're subsidizing those guys
balladeer making enough money for football
so what is the ramifications of that outside of taxes well
assailing tracks in no
there's a lot of trouble they've got a lot of uh... uh...
cryin and uh...
it's gone up the you know what they do know that a fire cops
so that they stop paying the jacket or is a list of things
fired police officers and cut services while lowering the jaguars rent eleven
time since nineteen ninety three
and different well point three million dollars in red paint
lowered the rent for the jaguars and fire the cops how do you like that for
priorities but everything that's bad let's move on to open it
opening california thirty two million dollar budget deficit in fiscal year
twenty eleven well how much of a suspect over
to the raiders and uh... for the aids as well
fourteen million dollars
okay
so wanted that
how much of a human subsidies
well over a thirty-year period
kilobits
three hundred and forty three million dollars over thirty years
foregone property tax interest etcetera
that's a subsidy of three hundred forty three million dollars now
well you say maybe they didn't need the cops
in oakland
well it they are the fifth highest crime rate
per capita among u_s_ cities congradulations open turns out you do
need the cops
unit do need the money for other effects
that now
what did they do with the cops is there
part of the reason they don't have the money is they're spending it on the
raiders and the rate is by the way
are now calling them up for even more money as we speak
uh... they shrunk a police force by eighteen percent
shedding a a hundred and thirty eight officers including eighty dismissals
but that's not a phase-out that's you're fired
you're free to go home
so what is the result of that
this year the number of murders in oakland has risen sixteen percent
rapes twenty four percent
burglaries out forty three percent
what are we
doing one of the world is our priorities
and third indianapolis is dead
or in the end is that i should say
is paid is because of the colts and the subsidies that they did
so want to cut constand winks club twenty four percent murrow's absence
been present were fine with that as long and generators in there
insanity and one last insult the injury
if the readers do leave
he would leave oakland with about one hundred twenty two million dollars in
debt after refinancing that they did in twenty twelve
even if they believe you still stuck with a hundred and twenty two million
dollars
look pile of football
one then the plane
but what a make a profit
but right i don't want them to take armani to make their private profit
they keep playing the city's off
india is one other eighteen rating our taxes
and i'm sick of it
and love the game
i don't love the billionaire owners
so much that i want to give them my tax money and by the way they often paid
though for a lot of this through sales taxes so that hit the poor and a middle
class sometimes too
a lottery taxes et cetera again the poor the middle-class disproportionately
and a lot of those guys don't get the gault to the end of the games cause at
least eighty dollars a ticket oftentimes
so
it's a huge subsidy from us
to some of the richest people in the country
it's rediculous scott and
will and of course not
welcome to america