Something none political to discuss but probably more important

With the current labor dispute going on in the NFL, I got to thinking about the impact to the economy and country that no football season would bring. I unfortuntely have not really had the time to research this, but wonder if any of you have. Not counting the loss to the NLF or the players, what other companies and local economies are going to be hurt, I mean I know obviously ticket resellers, memorbila stores, but what else and how much of an impact would this have to the overall economy and could it cause the nations economy to stop growing or slide backwards and if so how and why.

It is going to be a HUGE mess!!!! If you think about how much the city makes off of games its going to hurt alot. When people come they spend money, whether or not they are flying or driving, some have to get hotel rooms, they need some place to eat, they shop at stores, There will be alot of ppl who will not have jobs, the ppl who take the tickets, direct traffic, clean up after the games, the extra police who are there I mean there is Millions of dollars that are going to be lost if they dont get it figured out. Even the local stores who ppl go to for food for tail gating. The casino's will lose money because ppl go there to watch a game. Even the ppl who have ads at the game will not be able to advertise which will cause some sort of loss. the list can keep going and going.

I know Buffalo Wild Wings has a website and a "petition" to tell the players and owners to get this situation resolved. Liquor stores, grocery stores, restaurants, lodging, casinos, providers (yes, some visitors - and even some players - want companionship during their visits for games) will all be affected.

did you know that when visiting teams come to kc to play the players have to pay the one percent earnings tax? i hate the earnings tax but it would have a big impact on the city. take a player that makes millions a year divide by 16 take one percent adds up fast.

With the current labor dispute going on in the NFL, I got to thinking about the impact to the economy and country that no football season would bring.... Originally Posted by dirty dog

Dirty Dog:

This concept of lost of payroll to a community is discussed in Macroeconomics text books. It goes like this:

Point 1:
If a community loses a basic manufacturing company, such as a steel mill or general motors; the loss to the community is at least 10 times to 14 times. This is because every dollar of payroll from a basic manufacturing company is spent that many times in the community. The mfg. worker buys food, and the grocery clerk, gets a haircut, the barber buys food and so on. At each stage of spending the government takes a share as income tax and sales tax, etc. For the city of Kansas City MO, if it doesn't cross the state line the take is 10% to 14% because it takes 1% from each level of income. Got it so far?

Point 2:
However, if a new McDonalds comes into town the turnover of money is about 3 to 4 times. Therefore a fast food place is not worth very much to the community.

Point 3:
A sports team has a payroll turnover of about 2 to 3 times so it really is not worth much to the community, and the community will not feel any loss if they leave, or just go under.

Point 4:
Politicians do not look at the value of the payroll from a sports team; they look at the press and all of the enthusiasm (pride in the community) that sports teams bring: that press helps them get elected by getting attention.

Point 5:
Most people in the USA just don't get it when the value of basic manufacturing is discussed, because our schools don't usually teach this until graduate school. However, the Japanese and the Chinese understand it and they support industry with state dollars: they understand that it will come back to the government in the end. They did not laugh at Reagan's trickle down economy theory; they knew it worked.

Conclusion:
If the USA would support our industries like we support our sports teams, the economy (the production and consumption of goods and services) would be better.

JR

Most people in the USA just don't get it when the value of basic manufacturing is discussed, because our schools don't usually teach this until graduate school. However, the Japanese and the Chinese understand it and they support industry with state dollars: they understand that it will come back to the government in the end. They did not laugh at Reagan's trickle down economy theory; they knew it worked.

Conclusion:
If the USA would support our industries like we support our sports teams, the economy (the production and consumption of goods and services) would be better.

JR Originally Posted by JRLawrence

I agree with your conclusion but your last point is a hot mess.

Why would you use Communist China and economically screwed up Japan as examples anyway? Germany would be your best example.

Isn't 'supporting industry with state dollars' socialism? (example: Japan's zero percent loans to industry). Ronald Reagan would be spinning in his grave with your communist and socialist examples.

Please explain what you think Trickle Down Economics is. Giving tax breaks to the already rich and letting them piss on the poor is what I think it is. I think this because Ronnie gave tax breaks to the already rich and they pissed on the poor. For like a whole decade. It's well documented. Millions of people lived through it. There were songs and books about it.

P.S. Please produce Ronald Reagan's (if that's his real name) birth certificate.

EDIT: The whole NFL shutting down for a season is different than losing a local football team permanently. People will just blow money on other stuff instead of football stuff. It might be a good year for other businesses because of this.