Well, there’s probably dumber, but this is definitely the most embarrassing thing I’ve read all week. Here’s noted retard Glenn Beck trying to explain why taxing rich people is bad, using a straw-man “liberal whiner” and attempting to refute it with an NFL metaphor:
‘I’m just talking about leveling the playing field, to give everyone an equal chance’…
So am I. In fact, next, we’ll take on the NFL. How many Super Bowls have the New England Patriots won? Too many, that’s for sure. They don’t NEED all of those Super Bowl championships. We need to level the playing field. The NFL needs to take Patriot QB, Tom Brady, and give him to the Houston, Texans, who’ve NEVER been to a Super Bowl. We’ll also take Randy Moss, Laurence Mulroney and Ted Bruschi from the Patriots, and put them on the Texans, too. And because all the Patriots games are sold out, we’ll take 52% of their gate revenue, and just keep it at NFL headquarters to help build League parity in years to come.
Why’s this the dumbest thing ever?
Because the NFL does do that. That’s what the salary cap is about- it’s a way to redistribute talent throughout the league in order to level the playing field. The teams do share profits, in order to keep a team in Buffalo or Green Bay competitive with a team funded by someone like Dan Snyder. If you look at the NFL’s structure with profit-redistribution and salary-capping (meant to keep any team from having too many megastars at a time and ensure parity), you’ll find that it’s actually rooted in the exact principles that Glenn Beck is making fun of here. Which is extra funny, given that it’s the most successful and popular professional sports organization in America. It takes in a billion dollars more a year than Major League Baseball, which is famously free-market in its approach.
Or was he being sincere? He pretty much described how the league works, with the salary cap functioning to do the exact thing he talks about. And his 52% figure is actually low- the league takes 80% of each team’s revenue (including merchandising and TV, not just what they get at the gate) for redistribution. It’s a remarkably successful business model that’s seen the league continue to grow at an unprecedented rate. The NFL’s “Marxist principles” have done wonders for the league as a $7 billion a year industry.
So what the hell is his point? All I’m getting from it is that, if we look at the NFL model, revenue-sharing and wealth redistribution is a fantastic idea to bring in massive growth! Viva Che Beck!
1 response so far ↓
1 StuporMundi // Aug 27, 2008 at 6:17 pm
I’ll bet that with little effort you could transform this post into an entire new school of economics — new-neo-Keynsian or some such thing. It’s more reality-based than anything Miltie Friedman ever came up with.
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