Thursday, January 31, 2019

The Seen vs. the Unseen

John Stossel  Jan 30, 2019

Sunday is the Super Bowl.

I look forward to playing poker and watching. It's easy to do both because in a three-hour-plus NFL game there are just 11 minutes of actual football action.  So we'll have plenty of time to watch Atlanta politicians take credit for the stadium that will host the game. Atlanta's former mayor calls it "simply the best facility in the world."  But politicians aren't likely to talk about what I explain in my latest video -- how taxpayers were forced to donate more than $700 million to the owner of Atlanta's football team, billionaire Arthur Blank, to get him to build the stadium.

In addition to the subsidies, the Falcons get all the money from parking, restaurants and merchandise sales. Sweet deal.........That's why economists who study stadium subsidies call them a bad deal for taxpayers............To Read More....

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