'While big leaguers make millions and billionaire owners get richer, remember who makes the business more lucrative at the expense of working people: the government,' TomJoyceSports writes.
Many MLB teams play in taxpayer-funded stadiums despite evidence that they are a. When the government spends hundreds of millions of dollars on stadiums, that generally means consumers will take the money they would expend elsewhere in the community and spend it at the ballpark rather than generating new money.
So when New York City used $1.7 billion in tax-exempt municipal bonds to build the new Yankee Stadium, completed in 2009, the Yankees effectively received a $431 million federal subsidy to build it,Not only do teams owned by billionaires receive stadium subsidies from municipal, state, and federal governments, but the government also sometimes takes desirable land from homeowners and small-business owners to give teams a place to build a stadium.
that MLB was exempt from antitrust law because it did not constitute interstate commerce. An entity that now draws nearly $11 billion per year in revenue and has 29 teams in the United States and one team in Canada is not engaging in interstate commerce, according to the federal government.
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