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7:51p, 7/24/24
AG
Random thought…
How much do spiraling pro sports salaries contribute to inflation?
Every dollar that comes from advertising, tv eventually gets passed on to a customer someplace.
The NBA just announced a tv rights deal worth $77B.
With 300M Americans, that's $257 per citizen.
Toss in MLB and NFL and I bet it's close to $1,000 for each person.
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7:55p, 7/24/24
AG
Unless they're printing more money or changing the supply of goods, none. That's not how inflation works.
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7:59p, 7/24/24
Inflation is an aggregate level phenomenon across all products and services. It's also purely monetary. A single item that costs more is not inflationary. People will simply spend less on other products and services if they choose to indulge.
Also those agreements are over several years.
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8:03p, 7/24/24
AG
When I go to live sporting events, I rarely buy food concessions... too damn expensive.
They have to help pay those huge player salaries somehow
Anyway, I bring a bottle of water and a bag of peanuts when I attend Yankees' games in Arlington.
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9:13p, 7/24/24
AG
It depends on how many iced teas you drink while you watch each NBA game.
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In reply to Kvetch• 9:15p, 7/24/24
Kvetch said:
Unless they're printing more money or changing the supply of goods, none. That's not how inflation works.
Exactly what I was going to say. The government has been printing money and sending it all over the world to be laundered at an unprecedented rate. Athletes have nothing on DC politicians.
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In reply to chris1515• 12:23a, 7/25/24
chris1515 said:
Random thought…How much do spiraling pro sports salaries contribute to inflation?
Every dollar that comes from advertising, tv eventually gets passed on to a customer someplace.The NBA just announced a tv rights deal worth $77B.
With 300M Americans, that's $257 per citizen.Toss in MLB and NFL and I bet it's close to $1,000 for each person.
Add CEO compensation.
If you say you hate the state of politics in this nation and you don't get involved in it, you obviously don't hate the state of politics in this nation.
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In reply to Ghost of Andrew Eaton• 12:38a, 7/25/24
AG
Ghost of Andrew Eaton said:
chris1515 said:
Random thought…How much do spiraling pro sports salaries contribute to inflation?
Every dollar that comes from advertising, tv eventually gets passed on to a customer someplace.The NBA just announced a tv rights deal worth $77B.
With 300M Americans, that's $257 per citizen.Toss in MLB and NFL and I bet it's close to $1,000 for each person.
Add CEO compensation.
Consider it added to the list of things that don't cause inflation, along with what is in the OP.
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In reply to shack009• 1:28a, 7/25/24
Yep but if we're going to incorrectly blame it on something.
If you say you hate the state of politics in this nation and you don't get involved in it, you obviously don't hate the state of politics in this nation.
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6:07a
Now that college players make same as pros, shouldn't they pay stadium, parking lot fees in return for being paid?
I'm sure the George Strait bunch paid for use of Kyle.
Taxpayers have paid for many of these venues, so they should get some ROI.
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In reply to chris1515• 6:38a
AG
chris1515 said:
Random thought…How much do spiraling pro sports salaries contribute to inflation?
Every dollar that comes from advertising, tv eventually gets passed on to a customer someplace.The NBA just announced a tv rights deal worth $77B.
With 300M Americans, that's $257 per citizen.Toss in MLB and NFL and I bet it's close to $1,000 for each person.
Not inflation, but how is it affecting your cable/streaming bill? A trajectory like this /
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In reply to chris1515• 6:55a
I'll give you the quick and dirty lesson on inflation. The correct definition is an expansion of the money supply. Rising prices are a result of that expansion.This relationship is as unbreakable as the laws of gravity. The widespread rise in prices and cost of living we're seeing is a direct result of government, enabled by the Fed, conjuring massive amounts of currency into existence out of thin air. In essence, that is all you need to know about why cost of living is rising.
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7:11a
Most of it goes to child support
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In reply to Helicopter Ben• 7:37a
AG
Helicopter Ben said:
I'll give you the quick and dirty lesson on inflation. The correct definition is an expansion of the money supply. Rising prices are a result of that expansion.This relationship is as unbreakable as the laws of gravity. The widespread rise in prices and cost of living we're seeing is a direct result of government, enabled by the Fed, conjuring massive amounts of currency into existence out of thin air. In essence, that is all you need to know about why cost of living is rising.
And expansion of the money supply can correctly be considered as another kind of tax we all pay.
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7:59a
AG
OP's thought process is how the left thinks. If one person gets more then another person has to get less.
But our economy is not a zero sum game.
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8:00a
Tell us you don't like sports without telling us you don't like sports.
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In reply to rynning• 8:05a
rynning said:
And expansion of the money supply can correctly be considered as another kind of tax we all pay.Helicopter Ben said:
I'll give you the quick and dirty lesson on inflation. The correct definition is an expansion of the money supply. Rising prices are a result of that expansion.This relationship is as unbreakable as the laws of gravity. The widespread rise in prices and cost of living we're seeing is a direct result of government, enabled by the Fed, conjuring massive amounts of currency into existence out of thin air. In essence, that is all you need to know about why cost of living is rising.
Correct, it is a hidden tax. But we don't all pay for it. Some people benefit from it. Most notably the government itself and their cronies who get first access to the cash. For the vast majority, it's the most insidious kind of tax. It can't be reliably budgeted for. The only thing we can predict about it is that if we don't correct course, it WILL continue to accelerate and it WILL lead to economic ruin.
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