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<blockquote data-quote="Flipx99" data-source="post: 3238441" data-attributes="member: 562352"><p>Obviously, we as a country place more value on entertainment than we do on education. Which people have less of a problem dropping $100 for a family outing at an athletic event than spending the same sum in additional taxes that would support education.</p><p></p><p>In our area, they wanted to raise some money to build some new schools. The measure was soundly defeated as no one wanted to raise taxes to build new schools. The next year, they change the bill to say an increase in wheel is designed to build new football stadiums for each of the county schools. Bill passes quite easily....then those in finance simply allocate funds that would have went to a football stadium anyway to building a new school.</p><p></p><p>Why aren't they underpaid? They provide entertainment to millions who wish to be entertained. The networks, merchandisers, and teams make money off the backs of these atheletes. Because all the NBA, NFL, MLB, etc is provide a market for those who wish to be entertained to make a transaction with those who entertain. In a better system, the operating effeciency of the market would increase; thus lowering transaction costs. The transaction costs robs the players out of additional revenue. Whenever the major sports organization taxes (or gets it fair share) it reduces operating effeciency as those who wish to be entertained cannot directly compensate those who entertain....And as far as markets go...those organization tax quite a but higher than other markets such as the NASDAQ, AMEX, et al.</p><p></p><p>Here is just one article for your research, as operating effeciency and cost of monoplies are only one reason they are underpaid.</p><p></p><p><a href="http://econweb.tamu.edu/workshops/PERC%20Applied%20Microeconomics/Stephen%20G.%20Bronars.pdf" target="_blank">http://econweb.tamu.edu/workshops/PERC%20Applied%20Microeconomics/Stephen%20G.%20Bronars.pdf</a></p></blockquote><p></p>
[QUOTE="Flipx99, post: 3238441, member: 562352"] Obviously, we as a country place more value on entertainment than we do on education. Which people have less of a problem dropping $100 for a family outing at an athletic event than spending the same sum in additional taxes that would support education. In our area, they wanted to raise some money to build some new schools. The measure was soundly defeated as no one wanted to raise taxes to build new schools. The next year, they change the bill to say an increase in wheel is designed to build new football stadiums for each of the county schools. Bill passes quite easily....then those in finance simply allocate funds that would have went to a football stadium anyway to building a new school. Why aren't they underpaid? They provide entertainment to millions who wish to be entertained. The networks, merchandisers, and teams make money off the backs of these atheletes. Because all the NBA, NFL, MLB, etc is provide a market for those who wish to be entertained to make a transaction with those who entertain. In a better system, the operating effeciency of the market would increase; thus lowering transaction costs. The transaction costs robs the players out of additional revenue. Whenever the major sports organization taxes (or gets it fair share) it reduces operating effeciency as those who wish to be entertained cannot directly compensate those who entertain....And as far as markets go...those organization tax quite a but higher than other markets such as the NASDAQ, AMEX, et al. Here is just one article for your research, as operating effeciency and cost of monoplies are only one reason they are underpaid. [URL="http://econweb.tamu.edu/workshops/PERC%20Applied%20Microeconomics/Stephen%20G.%20Bronars.pdf"]http://econweb.tamu.edu/workshops/PERC%20Applied%20Microeconomics/Stephen%20G.%20Bronars.pdf[/URL] [/QUOTE]
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