Quote:
Originally posted by Rudey
It's a big bad secret but politicians can bring in manufacturing plants, sports teams, financial firms and it hurts tax payers...they could achieve the same and better if they just did a transfer of money.
-Rudey
--It's just a trick. Every economist knows it.
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I'm not an economist, so i can't speak to that. I do know that a lot of times projected "revenues" to a community when trying to woo taxpayer support for proposed sports teams/arenas is often grossly inflated. If i remember my Economics of Recreation class, what should be used to measure true economic impact is money NEW to the community, brought by visitors to the area that were drawn by said arena or sports team who wouldn't have visitied w/o said attraction. At least i think that's what Crompton was trying to say.
But, i feel the US government would be doing more to help the Lakota if they ceased the 'hand-outs' and made them get a job and earn their pay.
Kitso
KS 361
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