Oh, Lawdy-Lawd, he's desp'at!
by Tom Sullivan
This Tweet went by the other day and I just had to go back and find it:
wow. Gov Walker wants taxpayers to pay HALF of construction costs for Milwaukee Buck's nice new arena; http://t.co/UHnd0FdsK4
— Eric Boehlert (@EricBoehlert) June 8, 2015Comparisons have been made and disputed between Walker's diversion of state funds to the arena and his cuts in state education funding. And yes, team owners have conned Democrats too. But the specifics of the Wisconsin deal are not what interests me this morning.
These deals always remind me of the Blazing Saddles scene in which Sheriff Bart puts his own gun to his head and threatens to shoot himself. Except with sports arena deals it is owners threatening to shoot their teams, "Build us a new stadium or your team gets it!" Flustered officials blurt out, "Hold it, men. He's not bluffing." Then they ante up taxpayer dollars. We pay them to make money.
We regularly decry corporate capitalism's race to the bottom. But the phrasing assumes there is a bottom. I'm not so sure. Considering offshoring, tax incentives, and tax repatriation legislation, you have to wonder just what level of taxation — including none — would rent-seeking, modern corporations accept without whining, without looking for even more ways to squeeze blood from a stone or more work from workers for even less?
There is a runaway, kudzu-ish element to corporate capitalism, but there is a Tom Sawyer-ish feature as well. Public corporations won’t be satisfied until We the People are paying them for making a profit — the way Tom Sawyer tricked friends into paying for the privilege of whitewashing Aunt Polly’s fence. These sports arena deals remind us that when an Obama tells business owners, you didn't build that, he's right.
Pretty soon working people will be paying the elite in brass door knockers (or their equivalent) for building it for them.