Could The United States Government Ruin Sports

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Could The United States Government Ruin Sports
(Photo by Nick Laham/Getty Images)

This is just a what if but its a possible what if.  Say the United States government imposed a 50% tax on any one making over 250,000 a year.  OK for starters the league minimum the league minimum for a major league player is 350,000 the new minimum would be 175,000 a year with the tax.  The league high is 28,000,000 cut it in half and its 14,000,000 now do you think A-rod in his infant wisdom wants to give 14,000,000 to the US government every year i don't think so.   Especially when in Japan with no tax that high he could make 15 or 16 million with minimal taxe. The same goes to every sport where there are overseas leagues.  The NBA got a little worried when a Greek team offered Kobe 50,000 a year to play in Greece slap that tax on and say good by to Kobe, LeBron, and D-Wade.  Hockey you would be the first to go especially with the amount of foreign born players.  The one league that is somewhat safe is the NFL there stars have nowhere to go like there going to play in Canada.  So does all of this just sound like some conservative joke and that its never going to happen i wish i were joking its is a real problem and real sports teams will have to deal with it.  What I'm getting at is happening in Europe as we speak in France, England, Germany, and Italy taxes are being passed that tax any one making 150,000 euro and that is ruffly 290,000 dollars will receive a 1/4 to 1/2 tax varying form country to country.  Need a little prof Arsene Wenger the Head coach of Arsenal FC in England has stated " That the era of foreign domination in the Premier League will "soon be over" due to the declining value of sterling and the imposition by last week's Budget of a 50 per cent tax rate upon high earners.What I am getting at is it could happen but it isn't likely  and all foreign and some domestic players will leave if a tax like this is imposed and the product on the field the court and the ice will diminish greatly.  Owners are not going to pay that tax you have seen some of the tight wad owners they will take players who will take what they give them and refuse to pay stars 50% extra.  This is a troubling time all over the world and nothing is safe not even sport.  Who will thrive if this happens College sports will thrive.  Do I think the Untied States will impose a 50% tax on the wealth no but a 1/4 is very likely and some high profile stars may fly the coop for more money.   

 

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