Comment 100842

By Joshua (registered) | Posted May 02, 2014 at 23:34:00 in reply to Comment 100828

I suppose what's upsetting is what's being done with the wealth. It's being squirreled away, off-shore somewhere, or it's being manipulated by an accountant to dodge taxes, or it's being held up without re-investment in some savings account, accruing interest of one kind or another. Even if it is given philanthropically, that's done so that taxes are lowered by way of charitable donations or to increase the goodness of a brand, so that more sales result. The fundamental issues, whether we need the Los Angeles Clippers, whether sports ownership of any kind is necessary, whether this is something for which money should be exchanged in any case, remain unaddressed.

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