salaries
High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/25/2012 1:44PM Reply | Return to Index | Report Post
Mr. Moo
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/25/2012 4:18PM - in reply to salaries Reply | Return to Index | Report Post
The players would not be making millions were the owners not making hundreds of millions.

Hell, the owners would pay the players bubkus of they could; only the union prevents that.

I also do not recall the ballplayers getting hundreds of billions of tax dollars to bail them out
Mr. Obvious
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/25/2012 4:22PM - in reply to Mr. Moo Reply | Return to Index | Report Post
Mr. Moo wrote:

I also do not recall the ballplayers getting hundreds of billions of tax dollars to bail them out


The owners directly (and the players indirectly) get hundreds of millions of dollars in ballpark subsidies. Not as bad as the bankers but still not good.
ryan foreman
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/25/2012 4:23PM - in reply to Mr. Moo Reply | Return to Index | Report Post
Not the salaries. But the taxes they pay is probably more justifiable.

Remember, its much better to be wealthy than rich. Wall Street CEOs tend to be more wealthy.
tax em 80 percent
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/25/2012 11:21PM - in reply to ryan foreman Reply | Return to Index | Report Post
Marvin Miller is not quite accurate when he says the people paying the salaries has the final say. The owner may be signing the contract, but a good portion of the money is coming from CABLE/SATTELITE TV. The pro sports are getting BILLIONS from these deals and a good majority of that money comes from people who have absolutely NO interest in sports. All the network has to do is hold a big game hostage until a small number of fans get upset and then the cable companies "cave in" and pay the higher fees but they really don't care because they just pass on those fees to the customer. Baseball really gets their exhorbitant salaries the same way wall st ceos do. They just skim it off the top from people who have no say in it.

(I got rid of cable/satellite a couple years ago for that reason)

Remember, tv used to be "free" and was paid for strictly by ads. Now you not only have to pay for tv, you have to sit through an extra 20% of ads so they can make back some of the exhorbitant rights fees they have paid.
Mr. Obvious
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 10:56AM - in reply to tax em 80 percent Reply | Return to Index | Report Post
tax em 80 percent wrote:

Remember, tv used to be "free" and was paid for strictly by ads. Now you not only have to pay for tv, you have to sit through an extra 20% of ads so they can make back some of the exhorbitant rights fees they have paid.


People have a say. You don't have to pay their prices and tv can still be free.
rojo
co-founder
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 11:17AM - in reply to tax em 80 percent Reply | Return to Index | Report Post
tax em 80 percent wrote:

Marvin Miller is not quite accurate when he says the people paying the salaries has the final say. The owner may be signing the contract, but a good portion of the money is coming from CABLE/SATTELITE TV. The pro sports are getting BILLIONS from these deals and a good majority of that money comes from people who have absolutely NO interest in sports. All the network has to do is hold a big game hostage until a small number of fans get upset and then the cable companies "cave in" and pay the higher fees but they really don't care because they just pass on those fees to the customer. Baseball really gets their exhorbitant salaries the same way wall st ceos do. They just skim it off the top from people who have no say in it.

(I got rid of cable/satellite a couple years ago for that reason)

Remember, tv used to be "free" and was paid for strictly by ads. Now you not only have to pay for tv, you have to sit through an extra 20% of ads so they can make back some of the exorbitant rights fees they have paid.


I'm very glad this thread has come up on the site. I was thinking the other day, "Everyone in this country is irate with the top 1%, how come no one is irate at pro athletes. Couldn't they just as easily get by on $3 million a year instead of 20?"

tax em 80%, you have figure out where huge amounts of money have come. I mean baseball was just as popular if not more popular 50 years ago and people didn't make tens of millions. But now every grandma in the country is paying $2 per month for the local sports channel that she doesn't watch.

Another way these people get a ton of money is through the public stadium subsidies.

Welfare for those who already have tens of millions.
Good Billy
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 11:31AM - in reply to rojo Reply | Return to Index | Report Post
rojo wrote:

[quote]tax em 80 percent wrote:

Marvin Miller is not quite accurate when he says the people paying the salaries has the final say. The owner may be signing the contract, but a good portion of the money is coming from CABLE/SATTELITE TV. The pro sports are getting BILLIONS from these deals and a good majority of that money comes from people who have absolutely NO interest in sports. All the network has to do is hold a big game hostage until a small number of fans get upset and then the cable companies "cave in" and pay the higher fees but they really don't care because they just pass on those fees to the customer. Baseball really gets their exhorbitant salaries the same way wall st ceos do. They just skim it off the top from people who have no say in it.

(I got rid of cable/satellite a couple years ago for that reason)

Remember, tv used to be "free" and was paid for strictly by ads. Now you not only have to pay for tv, you have to sit through an extra 20% of ads so they can make back some of the exorbitant rights fees they have paid.


I'm very glad this thread has come up on the site. I was thinking the other day, "Everyone in this country is irate with the top 1%, how come no one is irate at pro athletes. Couldn't they just as easily get by on $3 million a year instead of 20?"

tax em 80%, you have figure out where huge amounts of money have come. I mean baseball was just as popular if not more popular 50 years ago and people didn't make tens of millions. But now every grandma in the country is paying $2 per month for the local sports channel that she doesn't watch.

Another way these people get a ton of money is through the public stadium subsidies.

Welfare for those who already have tens of millions.[/quote]


http://www.amazon.com/Terk-Amplified-High-Definition-Antenna-Reception/dp/B0007MXZB2

Grandma can watch TV in HD for life for $40 is she doesn't want to watch YES

Public stadiums make money for a lot more people then ball players/owners
Mr. Moo
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 4:57PM - in reply to ryan foreman Reply | Return to Index | Report Post
ryan foreman wrote:

Not the salaries. But the taxes they pay is probably more justifiable.

Remember, its much better to be wealthy than rich. Wall Street CEOs tend to be more wealthy.


Good point.

The players incomes are taxed as ordinary income and so subjec to the highest federal tax rate (I think about 35% these days).

The big boys make their dough in deals and investments -- taxed at 15%
Mr. Moo
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 4:59PM - in reply to Mr. Obvious Reply | Return to Index | Report Post
Mr. Obvious wrote:

[quote]Mr. Moo wrote:

I also do not recall the ballplayers getting hundreds of billions of tax dollars to bail them out


The owners directly (and the players indirectly) get hundreds of millions of dollars in ballpark subsidies. Not as bad as the bankers but still not good.[/quote]

That is for the benefit of the owners, not the players. The fact that osme of it does benefit players irks the owners greatly, no doubt
accountant to the stars
RE: High MLB salaries more justifiable than salaries of many corporate/Wall Street CEOs? 4/26/2012 5:13PM - in reply to Mr. Moo Reply | Return to Index | Report Post
Mr. Moo wrote:

Good point.

The players incomes are taxed as ordinary income and so subjec to the highest federal tax rate (I think about 35% these days).




Not even close to true