The NFL’s Oakland Raiders haven’t even left for Las Vegas yet, but they’re already hitting the taxpayers of Nevada hard.
With only three seasons remaining in Oakland before relocating to Las Vegas, the Raiders are breaking ground on their lush new stadium in the Sin City. Taxpayers are bearing a huge burden, thanks to a $750 million stadium subsidy, the largest to ever be shelled out.
Supporters of this corporate welfare often argue that these subsidies benefit the cities in the long-run, but history shows different. Taxpayers in St. Louis, for example, are saddled with a $144 million bill after the Rams left the Gateway to the West for Los Angeles. Reports indicate residents of St. Louis will be paying the Rams through 2021.
In the past decade, taxpayers have been forced into dishing out approximately $1 billion per year for football stadiums. Over that time, taxpayers have foot the bill for new stadiums in Indianapolis, Dallas, New York, Minnesota, Atlanta and San Francisco.
When corporate welfare is rampant like this, businesses are likely to abuse the system and take advantage of taxpayers in the process. That’s exactly what NFL franchises have been doing. Simply put, it is wrong for millionaire and billionaire NFL owners to benefit on the backs of hard-working Americans!
Even if your team has a winning record on the field, if they’re receiving government handouts, you’re still losing.