"Socialism, communism, whatever you want to call it, is never the answer." Hank Steinbrenner in 2011, just 2 years after Steinbrenner and the New York Yankees received $2 Billion in public funds subsidized by the New York City and State taxpayers to build Yankee Stadium III.
One of the biggest and most successful scams the Ultra-Rich 1% pulled on America was the Trickle-Down Economics scheme. Give Us large amount of public money for free and the economic benefit of us using it for ourselves will flow downward onto everyone else. There is stuff flowing down from the 1% onto us but, it sure ain't economic benefits... And while they were aided and abetted by Republicans and other conservative politicians the goal has always been the same to gain access to public monies in order to Privatize the Profits, and Socialize the Losses.“I think I’ve been fairly clear about the fact that the taxpayers’ dollars are precious,” Pritzker said in response to a reporter’s question at an unrelated event. “And the idea of taking taxpayer dollars and subsidizing the building of a stadium as opposed to, for example, subsidizing the building of a birthing center, just to give the example, does not seem like the stadium ought to have higher priority.”
“As far as public dollars, we haven’t gotten into any of those specifics just yet,” the mayor said of discussions with Sox officials. "But I will say that we’re gonna explore all options. But we have to make sure that we’re doing right by the people of Chicago. … Everything is on the table here."
Why is everything on the table? Jerry Reinsdorf is so rich he has quietly for the past 2 years been buying up the vacant parking lots in and around the United Center, Home of YOUR HIS Chicago BULLS!
Meanwhile, the Chicago Bears are floating the idea of tearing down Solider's Field and putting up a state-of-the-art doomed Stadium on the Lakefront. They've even proposed using $2,000,000,000 of their own money. As a comparison, Stan Kroenke of the LA (not St. Louis) Rams spent $5,000,000,000 on the SoFi Stadium, without public assistance, although the NFL did some money as well.
But, this is all posturing as the Chicago Lake front is protected by statute from building on it, as George Lucas learned when he proposed his gaudy Star Wars museum. The Bears have already knocked down the old Arlington Racetrack, accompanying side buildings and that vast open area is going to house their Stadium, a Bears Museum, hotels, restaurants, probably apartments for players and coaches to live in, and all that revenue will go right into the extended Halas Family pockets. It's a no-brainer. But, at this point the Bears seem to be trying to reduce their financial commitment to the Arlington Heights community and surrounding school districts because they can rely on the non-stop messaging of "Trickle-Down" effect being good enough for the peoples who should feel privileged we wish to build a stadium in their community and probably should provide us incentives to do so!
Hand-outs to the MegaRich are called stimulus and the Rich love getting other peoples' money.
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