NFL's tax-exempt status
Heinous crony capitalism of NFL
It has recently become widespread knowledge, probably to the NFL's dismay, that the league is considered a nonprofit entity and is exempt from paying taxes.
Tax-exempt status for a league that serves as a hobby outlet for a few members of the richest 0.01 percent? Where the players earn millions? With a commissioner that's paid $30 million a year?
Not that the amount of revenue matters when determining who gets tax-free status, but the NFL's revenues hit $9 billion last year. What a revealing snapshot into how misguided both politicians and capitalism have become.
This is flat-out charity for a handful of uber-rich individuals at the expense of 99.99 percent of the people. Imagine the backroom deals over the years between congressmen, NFL higher-ups and billionaire owners to get the status and keep it in place. How can anyone claim it is not "crony capitalism" in the extreme? How can anyone justify allowing this madness to continue?
As hard as it is to wrap your mind around such lunacy, consider all the tax money used to pay for multimillion-dollar stadiums and your head feels like it might explode.
Does it get any more heinous than this?
Chip Thomas, Tampa