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Showing posts from April, 2008

Welfare for the wealthy

I was struck by today's Milwaukee Journal-Sentinel. Not literally, but in the Crossroads section, on opposite sides of the spread, were two articles that reflect our nation's "welfare for the rich." On 2J, a local economics instructor's article "Tax for Miller Park didn't help economy." He criticized a previous article which had suggested the opposite. The previous article was based almost entirely on reports by Major League Baseball, which clearly has a huge bias. This week's article takes an objective look, and summarizes that taxpayer's don't get much in return, but the fat cat players and executives of MLB walk away with huge paychecks. The drive to fund new ballparks almost never starts with taxpayers--it starts with the deep pockets of baseball executives, PR campaigns and connections with political power. On 3J, George Will was taking on the Fed ("What the Fed should never do"), rightly criticizing it for bailing out Bear